Exciting Outlook on Rate Cuts Sparks a Surge in Buyers

The recent rate cut is predicted to increase buyer confidence, leading to stronger demand, more offers and quicker sale time. More competition will in turn drive better sale prices, especially for well-presented properties.

For locals the flow on effect will be more buyer confidence. Lower rates improve borrowing capacity, making home loans more affordable. However, increased demand may mean more competition, particularly for quality homes in sought-after areas. Now could be your chance to make a move particularly for first-home buyers and investors looking to secure a property before demand rises further.

The good news is Ballarat remains an affordable option compared to metro markets. We have so much to offer here in terms of growth, employment, education and healthcare. We’re so accessible to Melbourne and the Coast.