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Falling interest rates and cash incentives
5 minute read

Falling interest rates and cash incentives

Find out what's happening this week in our financial literacy podcast for Real Estate Agents

Andrew Chambers
13 May 2024

Please Note: This podcast was originally published on 13th May 2024. While the information presented here may still be valuable, some aspects may be outdated.

Today's episode covers:

  • Interest rates falling: While you're not seeing this so much in published rates, negotiated rates continue to ease off.
  • Cash is king: Banks are all using cash incentives to both drive new business and also to hold existing customers. We don't see this very often and it shows the competitive nature of the market we're in. Now is not the time to just roll over your fixed-rate loan.
  • Auctions vs negotiated sales: Auctions causing pain for first-home buyers with low deposits.
  • Creative agents: Agents are getting creative with marketing costs to close the deal and get the sale done.
Category:
Subject to Finance
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