Lower interest rates will also be good for the rental market: [an extract from an article in BIZCOMMUNITY – 10 September 2024]
Landlords should be looking forward to the start of interest-rate decreases as much as homeowners are, says Denese Zaslansky, chair of the First Realty group…
“This may seem counter-intuitive, since declining interest rates have often prompted tenants to switch from renting to buying and made it more difficult for landlords to raise rentals or fill vacancies. But what we foresee is that even when the Reserve Bank does start cutting rates, there will be no sudden slump in rental demand or simultaneous spike in first-time homebuying for at least the next year to 18 months.
The Original Full Article can be Viewed here: → https://www.bizcommunity.com/article/lower-interest-rates-will-also-be-good-for-the-rental-market-691041a