Reserve Bank interest rates at all time low
Last week marked a historic interest rate cute, with the Reserve bank reducing the official rate by another 0.25, to just 2%.
The last few months have seen the rate stay steady but this decision makes it a record low.
Generally the lower the interest rates are, the better the time to invest in property and obviously we believe a granny flat is the way to go!
So if you need some extra room at your place or you’re looking for a sound investment property strategy now is the time to build a granny flat on your property. The cost to build a granny flat remains the same, however your repayments will be much lower!
Contact us if you would like to discuss your granny flat options.