30/05/2023
https://www.raywhite.com/ray-white-now/?
Hi Everyone!! Click the safe link above to see the latest from our Ray White National Desk.
The market is beginning to recover from last year. With high concerns for shortage of stock there seems to be some light at the end of this tunnel of 11 interest rate hikes and maybe even one more looming rate hike despite the annual inflation cooling slightly from (7.8%- Dec 2022 to 7%- March 2023)
This is of course a great time to sell but how do you get the best the market has to offer?
Do visit me at Ray White Murwillumbah -
1 Wharf Street, Murwillumbah, NSW, 2484
M: 0427214121
P: 0266723737
And I'll show you what we do to get you that best outcome!!
Johnny Suresh
Ray White Murwillumbah
For contacts who are concerned about your loans with all the rate hikes (1.8% since start of the year) that are in place now....
What can I do if my repayments increase?
Increasing repayments can put strain on your household budget, but there are steps you can take to see if you can limit the impact. Some options to consider include:
Extra repayments - check if your loan allows for repayments above the required amount. This can bring down the principal faster and reduce the total amount of interest you pay.
Negotiate - if itβs been a while since you negotiated with your lender, or your circumstances have changed (such as your credit score has improved), you may be able to negotiate a lower interest rate on your current loan. A broker can do this on your behalf.
Refinance - if your lender wonβt offer a lower rate, a broker can compare your loan to others on the market to see if you could be better off elsewhere. If another loan better suits your situation and/or has a better interest rate, your broker can arrange for your loan to be refinanced to the new lender you choose.
Read the full article here: https://www.raywhite.com/ray-white-now/?index=2
Other things to look out for in this months edition,
-Things to think about selling during Winter (It's a good time to sell now despite previous believe of slow winter periods)
- Forward by our Chief Economist Nerida Conisbee (predicts when the market will come back to normality with ore stock entering the market)