Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
Independent licensed valuers & Property valuation consultants
Established 1984 | Expert Valuation Advice | Licensed Valuers


Tuesday, December 4th, 2012

TODAY’S 25 basis points rate cut means the official cash rate is now 3 per cent, the same level as at the peak of the financial crisis. While economists were expecting the Reserve Bank (RBA) to lower interest rates, the cut does highlight a weakened economic outlook. Licensed Valuer & Managing Director of Garmony Property Consultants, Matt Garmony said with many businesses recording reduced profit margins and tightening their purse strings, any increased spending on commercial projects might still be some time off even with the rate cut. However, various recent property statistics indicate subdued to slight increases in residential property values in the major capital cities between ...

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