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

Posted on Wednesday, April 6th, 2011 in by Matt Garmony

The WA Business News reported the Reserve Bank of Australia left the cash rate at 4.75% yesterday indicating “inflation was consistent with the bank’s medium-term objective of monetary policy”. National Australia Bank economists stated “It appears the Reserve Bank is still fairly comfortable with its mildly restrictive stance on monetary policy. 

We are of the opinion we are facing a two tiered economy with the resource based economy being strong and the small business and household economy being weaker.  This weaker household economy may be the reason for the lowest month in home loan approvals for 10years. This along with other factors may halt further RBA interest  rate rises in the near future. 

The above would be some of the major factors effecting the residential and lower value commercial property markets.  A decline in the number of transactions and buyers in the market is continuing the subdued market conditions.  In these times, thorough, professional property valuation advice is essential in assisting people with important property decisions.  The Perth based licensed property valuers at our valuation firm, Garmony Property Consultants, utilise our detailed commercial and residential property databases, industry knowledge and our team of licensed valuers broad experience, to provide our clients with well researched property valuation advice.