Reserve Bank interest rates at all time low

 In Granny Flat Finance, Granny Flat Investment

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.

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