Market Tit Bits November 2005 RETURN
The Federal Reserve Bank has just left official interest rates unchanged at 5.5% for the eighth consecutive month. We are currently only half of one percentage point over the lowest rates in 30 years Auction clearance rates have hovered between 65%-78% for the majority of the spring. A healthy performance by historical comparison. Insurance, Professional Indemnity, O.H & S requirements and property protection will lead the push for any person inspecting a sale or rental property needing to provide photo I.D’s. Watch this space. The sales & rental sectors in commercial and industrial markets are experiencing significant growth in both demand and values. Selling over summer can be an attractive option for those who recognise the prices achieved in this period can swell immensely due to the chronic shortage of stock on the market for eager buyers.
The Federal Reserve Bank has just left official interest rates unchanged at 5.5% for the eighth consecutive month. We are currently only half of one percentage point over the lowest rates in 30 years Auction clearance rates have hovered between 65%-78% for the majority of the spring. A healthy performance by historical comparison. Insurance, Professional Indemnity, O.H & S requirements and property protection will lead the push for any person inspecting a sale or rental property needing to provide photo I.D’s. Watch this space. The sales & rental sectors in commercial and industrial markets are experiencing significant growth in both demand and values. Selling over summer can be an attractive option for those who recognise the prices achieved in this period can swell immensely due to the chronic shortage of stock on the market for eager buyers.