SHOWCASE
PRO-News
ISSUE 138
December 2024
LATEST INTEREST RATE PREDICTIONS FOR 2025
Every property owner and investor with a mortgage has had their eye on interest rates over the last 18 months as they rose from record lows to 4.35%. They have now stayed at this level for a year, despite previous predictions they would drop towards the end of 2024.
Take a look at the factors influencing interest rates and what economists and banks suggest will happen next.
What are the current trends in interest rates?
During the COVID-19 pandemic, the Reserve Bank of Australia (RBA) introduced historically low rates to stimulate the economy. However, the post-pandemic recovery, rising inflation and global economic pressures prompted rate increases that were aimed at getting consumer prices under control.
Recent figures show inflation is now within target, having fallen to its lowest level in three and a half years during the September quarter. The Reserve Bank aims to have inflation between 2 and 3 per cent and headline inflation now sitting at 2.8%. However, reports say this is largely due to energy rebates and falling petrol prices rather than an overall slowdown in prices.
The Reserve Bank considers several factors when making interest rate decisions. Because underlying inflation is still at 3.5%, it left interest rates on hold in November. RBA Governor Michelle Bullock was quoted as saying, “We’re watching the data closely, and we’re not ruling anything in or out.”
What will happen next with interest rates
The major banks are in alignment with their interest rate forecasts. November predictions said the RBA could cut rates by 0.25 of a percentage point in February 2025 and forecast four cuts by the end of next year.
Other economists are pointing to an April rate cut and fewer cuts throughout the year.
A change to interest rates will depend on inflation and employment figures. They seem to be tracking in the right direction, but it is impossible to say for sure what will happen.
MAILBOX
Another influencing factor is the change in US Government. Donald Trump will take office in January 2025 and experts are reluctant to make calls about what this may bring for the Australian economy.
Are you paying the best rate?
Many home owners and investors came off fixed rates and experienced a jump in their mortgage repayments over the last two years.
However, while the cash rate remains high, at least for the short term, it still may be possible to shop around. Some lenders have now begun lowering fixed and variable rates, with reports saying some two- and three-year fixed loans are now priced at a full percentage point below standard variable rates.
If you haven’t reviewed your loan for a while, talk to your mortgage broker and lender about refinancing your loan or renegotiating your rate. There may be an option that reduces your monthly payments so you feel less financial pressure.
If you refinance, get professional advice about whether a fixed or variable rate is better for you as you don’t want to be locked into a higher rate when costs begin to drop.
Is now the time to buy?
House prices have stabilised in many parts of Australia because of persistently high interest rates. With this in mind, now may be a good time to get into the market; there is always the possibility they will take off again when rates drop. This will potentially contribute to faster capital gains in the future.
Talk to your local real estate agent and your mortgage broker about interest rates and how they may influence your purchasing decisions in 2025 and beyond.
Need some property advice? Your local Professionals agent always has time for a chat.
NSW & ACT PROPERTIES
Luxurious Family Home in the Heart of Gables
This expertly crafted Kurmond Homes property seamless blends uxury and comfort.
Offering 4 spacious bedrooms, 2 with ensuite and walk-in robe, the additional bedrooms both have built-in robes.
The gourmet kitchen features a 40mm stone benchtop and breakfast bar, walk-in pantry and 900mm stainless steel oven.
The light-filled living spaces are perfect for family gatherings or quiet relaxation. The separate media room offers a private retreat for movie nights or entertainment.
ADDRESS
26 Lantern Street
GABLES
AGENTS
Bruce Ignatiou - 0410 469 921
bruce@professionalshillsnw.com.au
Ben Alam - 0433 427 898
sales@professionalshillsnw.com.au
professionalshillsnw.com.au
Impressive Family Home in Premier Location
This beautiful Clarendon built 4 bedroom family home features multiple living spaces, including an impressive formal lounge and dining, ideal for entertaining, a large upstairs rumpus, and downstairs games room, offering the flexibility for families to spread out and enjoy.
The oversized kitchen, complete with a new range hood and ample counter space, will delight any chef, while large windows throughout fill the home with natural light.
Conveniently located to local shops, schools and transport, this home has all life amenities at your fingertips!
ADDRESS
27 Bentley Avenue
NORTH KELLYVILLE
AGENTS
Bruce Ignatiou - 0410 469 921
bruce@professionalshillsnw.com.au
Ben Alam - 0433 427 898
sales@professionalshillsnw.com.au
professionalshillsnw.com.au
2 Bedroom Unit in Fairfield
Professionals Fairfield are proud to present this impressive 1st floor unit located at 7/8-10 Ulverstone Street, Fairfield. Ideally located within walking distance to all local amenities, convenience is now only steps away! Featuring a fresh interior, secure parking and proximity to all essentials, this one is a must see.
SALE
$460,000 ADDRESS
7/8-10 Ulverstone Street Fairfield NSW 2165
AGENTS
Gianni Cognetti - 0438 021 162 gianni@professionalsfairfield.com.au
Sargon Merkus - 0470 362 313 sargon@professionalsfairfield.com.au
professionalsfairfield.com.au
AUCTION
Two Lots in a Desirable Street | Duplex Potential
Professionals Fairfield are proud to present 35 Beemera Street, Fairfield Heights. A 3-bedroom home comprising two lots and offering significant potential for duplex development (STCA). Providing an exceptional opportunity for builders, developers, investors, or individuals interested in maximizing the land's potential by building multiple dwellings.
Situated in a desirable street, surrounded by established homes & duplexes, the opportunity boasts convenient access to local schools, shops, and public transport - a perfect blend of convenience and potential for buyers or developers alike. AUCTION
Saturday 30th November @ 12:30PM OnSite
ADDRESS
35 Beemera Street
Fairfield Heights NSW 2165
AGENTS
Gianni Cognetti - 0438 021 162 gianni@professionalsfairfield.com.au
Sargon Merkus - 0470 362 313 sargon@professionalsfairfield.com.au
professionalsfairfield.com.au
Cherished Family Home with Duplex
Potential in Prime Location
This classic family residence is set in one of Belmore's finest streets just 450m from the train station and vibrant village. Occupying an expansive 645sqm block, it presents a fantastic opportunity for growing families or developers seeking a duplex site (STCA).
• 3 well-sized bedrooms with high ceilings
• Multiple formal and casual living and dining areas
• Eat-in kitchen with breakfast bar & dishwasher
• Expansive backyard with outdoor entertaining SOLD
$2,650,000
ADDRESS
41 Etela Street
Belmore NSW 2192
AGENTS
Michael Sabongi - 0448 419 008 michael@professionalsbelmore.com.au
Jenny Nassour - (02) 9758 2744
sales1@professionalsbelmore.com.au
professionalsbelmore.com.au/1331499
Solid Family Home on 720sqm - 18m Front & Duplex Opportunity
Offering solid construction and expansive space for the entire family, this full brick residence presents strong street appeal. Ideally positioned near a peaceful reserve with a children's playground and just a short stroll to Clemton Park Village and local schools, this home offers a solid foundation with unbeatable potential to enhance and add value.
• 3 bedrooms, two with mirrored built-ins & ceiling fans
• Gas kitchen with updated cabinetry and separate dining
• Massive backyard and undercover alfresco area
• 550m to Belmore IGA, 3-min drive to Clemton Park Coles
$2,252,000
43 Nelson Avenue Belmore NSW 2192
Michael Sabongi - 0448 419 008 michael@professionalsbelmore.com.au
Jenny Nassour - (02) 9758 2744
sales1@professionalsbelmore.com.au
professionalsbelmore.com.au/1332259
• Lounge/living areas
• Ensuite, walk-in robe and balcony to main bedroom
• Fitted robes throughout
• Dishwasher
• Close to shops, schools and parks
• Reverse cycle air conditioning
37 Camden Acres Drive Elderslie NSW 2570
Marnie Harris (JP) - 0414 044 010 marnie.harris@professionalsnarellan.com.au
Steve Diggins - 0424 636 646
steve.diggins@professionalsnarellan.com.au
professionalsnarellan.com.au
• Combined kitchen/family/meals
• Separate lounge room
• Walk-in robe and ensuite to main bedroom
• Alfresco entertaining area
Granny Flat:
• Combined kitchen/melas/living area
• Built-in robes to both bedrooms
• Dedicated car space
69 & 69A Burton Drive Tahmoor NSW 2573
Marnie Harris (JP) - 0414 044 010 marnie.harris@professionalsnarellan.com.au Steve Diggins - 0424 636 646 steve.diggins@professionalsnarellan.com.au professionalsnarellan.com.au
Spacious, Immaculate Family Home in Prime Location!
Discover this generously proportioned, immaculately presented family home, designed for comfort and convenience. Set on a spacious 400m² block, this home combines quality features and thoughtful design including: Covered outdoor entertaining area, 3 Split system air conditioners, security alarm. The owner is downsizing, so now is the perfect opportunity to secure this spacious, beautifully designed family home. Don’t miss out – make it yours today!
ADDRESS
3 Sumba Place
Blairmount
AGENT
Stuart Zullo - 0418 663 105
stuart.z@professionalsparadise.com.au
professionalsparadise.com.au
Discover comfort, style and modern design in this meticulously maintained 4 bedroom beauty. Spacious kitchen with modern appliances. Dining room and cosy meals area. Family and rumpus rooms with ceiling fans. Ducted air conditioning. Freshly painted. Master suite with walk-in robe and en-suite. Built in robes to bedrooms and an updated bathroom. Plenty of storage. Outdoor entertaining area with pergola. 2 car garage. Is this home your new beginning? ADDRESS 136
Sam Loschiavo - 0475 739 071
sam.l@professionalsparadise.com.au professionalsparadise.com.au
VIC PROPERTIES
West Side Treasure – Space, Style and Serenity
• Nestled on the west side of town on a 1-acre lot, is this family home offering tranquility and convenience
• Four generously sized bedrooms, all featuring built-ins and a main suite with walk-in robe and ensuite
• The open-plan kitchen and dining areas are filled with natural light and a dedicated study adds versatility
• The home has been thoughtfully upgraded, boasting a stunning kitchen with granite bench tops
• Outside boasts an inground pool, double garage, backyard access for vehicles and an automated sprinkler system
• Stunning designer home nestled on the prestigious Mildura Golf Course
• Features 3-4 bedrooms, master boasts WIR and ensuite
• 2 sunlit living areas, modern open-plan kitchen with stone benchtops
WA PROPERTIES
• Potential for a dual living area UMR
• Water tank - 130,000L of fresh rainwater
• Triple car garage and solar panels
Andrew Fisher - 0403 675 737 andrewf@stirlingclark.com.au stirlingclark.com.au
NEW SOUTH WALES
NORTHERN RIVERS
Professionals Lismore Lismore, 02 6621 2401
NEW ENGLAND
Professionals Armidale Armidale, 02 6772 4549
Professionals Real Estate Tamworth Tamworth, 02 6766 3134
MID-NORTH COAST
Professionals Forster & Tuncurry Forster, 02 6555 6555
Professionals Harrington Harrington, 02 6556 0188
Professionals Laurieton Laurieton, 02 6559 5955
CENTRAL COAST / HUNTER
Professionals Gosford Gosford, 02 4344 7766
Professionals Boyle Estate Agents Muswellbrook, 02 6543 1814
Professionals Hunter Valley Branxton, 0477 007 785
CENTRAL TABLELANDS
Professionals Bathurst Bathurst, 02 6332 2900
Professionals Orange Orange, 02 6361 7622
SOUTHERN TABLELANDS / RIVERINA
Professionals Wagga Wagga Wagga Wagga, 02 6923 9900
HILLS SHIRE
Professionals Hills North West Rouse Hill, 02 8607 1400
Professionals Homepoint Realty Riverstone, 02 9627 4222
Professionals North West Real Estate Bella Vista, 02 8882 9122
GREATER WESTERN SYDNEY
Professionals Blacktown Blacktown, 02 9068 8522
Professionals Ermington Ermington, 02 9898 0400
Professionals Fairfield Fairfield, 02 9727 5122
Professionals Parramatta Parramatta, 02 9890 8988
CANTERBURY-BANKSTOWN
Professionals Bankstown Bankstown, 02 9709 4040
Professionals Belmore Belmore, 02 9758 2744
Professionals Chambers Fleming Padstow Padstow, 02 9771 4555
Professionals Greenacre Greenacre, 02 9759 4414
Professionals LJ Leonard Realty Chester Hill, 02 9744 9666
Professionals Robert Sharp Real Estate Beverly Hills, 02 9570 5255
Professionals Sanders Group Penshurst, 02 9570 4344
BAYSIDE COUNCIL
Professionals Kogarah Allawah, 1300 393 238
Professionals Ramsgate Ramsgate, 02 9529 6967
INNER WEST SYDNEY
Professionals Forbes Group Marrickville, 02 9569 4999
Professionals Vella Property Five Dock, 02 9713 2990
SOUTH-WESTERN SYDNEY
Professionals Cabramatta Cabramatta, 02 5565 6688
Professionals Ingleburn Ingleburn, 02 8735 9156
Professionals Narellan & District Narellan, 02 4623 0380
Professionals Paradise Realty Casula, 02 9601 7455
ILLAWARRA & SOUTH COAST
Professionals Clyde Poulton Real Estate Nowra, 02 4421 2644
Professionals Shell Coast Oak Flats, 02 4293 1937
QUEENSLAND FAR NORTH QUEENSLAND
Professionals Atherton Real Estate Atherton, 07 4091 3955
Professionals Cairns Beaches Smithfield, 07 4038 3800
Professionals Edge Hill Edge Hill, 07 4037 9379
Professionals Cairns South Edmonton, 07 4045 4433
Professionals Port Douglas Port Douglas, 07 4285 2211
NORTH QUEENSLAND
Professionals Townsville Townsville, 07 4774 4810
MACKAY
Professionals Frank Sellars & Co Bowen, 07 4786 1577
Professionals Rentals & Sales Mackay Mackay, 07 4944 6666
Professionals Whitsundays Whitsundays, 07 4946 6366
CENTRAL QUEENSLAND
Professionals Emu Park Emu Park, 07 4939 6422
Professionals Gladstone Gladstone Central, 07 4972 2800
WIDE BAY
Professionals Bundaberg Bundaberg, 07 4151 3233
Professionals Gympie Gympie, 07 5482 7505
SUNSHINE COAST
Professionals On the Coast Realty Kings Beach, 07 5492 5644
METRO NORTH
Professionals Caboolture | Morayfield Caboolture, 07 5495 5566
Professionals MV Real Estate Carindale, 0419 799 345
Professionals Cleveland Cleveland, 07 3088 7000
Professionals Keith Brady Real Estate Everton Park, 07 3355 0455
Professionals Priority Property Ferny Hills, 07 3164 7000
Professionals Macleay Island Macleay Island, 07 3409 4244
Professionals P J Torbey Real Estate Oxley, 07 3379 8655
Professionals Sandgate Sandgate, 07 3869 9999
Professionals Style Real Estate Tarragindi, 07 3844 4768
Professionals West End West End, 07 3004 7171
WEST MORETON
Professionals Ipswich Ipswich, 07 3816 2000
METRO SOUTH
Professionals City to Surf Beenleigh, 07 3807 9077
Professionals Jimboomba Jimboomba, 07 5547 7288
Professionals Logan City Logan City, 07 3299 5200
GOLD COAST
Professionals Collective Burleigh, 07 5669 2490
Professionals Collective Mudgeeraba, 07 5669 2490
Professionals Vertullo Real Estate Paradise Point, 07 5501 4044
Professionals Southport Southport, 07 5591 8333
Professionals Newlands Real Estate Surfers Paradise, 07 5592 1464
Professionals Tamborine Mountain North Tamborine, 07 5545 5000
Professionals Freedom Realty Upper Coomera, 07 5580 6655
NORTHERN TERRITORY
DARWIN
Professionals Darwin Darwin, 08 8941 8289
SOUTH AUSTRALIA
YORKE &
MID NORTH
Professionals Edwards & Co Clare, 08 8842 2998
BAROSSA, LIGHT & LOWER NORTH
Professionals Gawler Gawler, 08 8522 6111
Professionals Kapunda Kapunda, 0418 890 542
NORTHERN ADELAIDE
Professionals Elizabeth Elizabeth, 08 8317 5555
Professionals Modbury Modbury, 08 8465 7702
WESTERN ADELAIDE
Professionals Port Adelaide Port Adelaide, 08 8341 2033
Professionals Tripodi & Associates Richmond, 08 8352 3444
SOUTHERN ADELAIDE
Professionals Aldinga and Seaford Seaford, 1300 001 279
Professionals Christies Beach Christies Beach, 08 8382 3773
FLEURIEU PENINSULA
Professionals Aldinga and Seaford Aldinga, 1300 001 279
INNER METRO
Professionals Manning Vella Greenacres, 08 8266 6052
Professionals Prospect Prospect, 08 8266 5333
MURRAY & MALEE
Professionals Murray Bridge Murray Bridge, 08 8532 6666
LIMESTONE COAST
Professionals Millicent Millicent, 08 8733 2100
VICTORIA
WIMMERA SOUTH WEST
Professionals Hamilton Hamilton, 03 5571 2133
MALLEE
Professionals Mildura Mildura, 03 5021 1900
LODDON CAMPASPE
Professionals Bendigo Bendigo, 03 5442 1122
Professionals Maryborough Maryborough, 03 5461 1166
OVENS MURRAY
Professionals Wodonga Wodonga, 02 6024 3177
GOULBURN
Professionals Marysville Marysville, 03 5963 4491
CENTRAL MELBOURNE
Professionals AE Gibson & Co Glenroy, 03 9306 0255
Professionals Caroline Springs Caroline Springs, 03 8322 0888
Professionals First & Co Oakleigh South, 03 9570 5888
Professionals First & Co Mt Waverley, 03 9830 8888
Professionals Lyndhurst Lyndhurst, 03 7042 5000
Professionals Outer West Mt Evelyn, 03 9736 3999
Professionals Noble Park, Springvale, Keysborough Springvale, 03 8555 3828
Professionals RCM Craigieburn, 03 8349 9998
Professionals Rosanna Rosanna, 0402 945 197
Professionals Ryder Real Estate Melton, 03 9743 6400
Professionals St Albans St Albans, 0423 391 681
Professionals Taylors Lakes Taylors Lakes, 03 9390 9400
Professionals Triwest Real Estate Werribee, 03 9741 5900
Professionals Wantirna Knox Wantirna, 03 9801 2222
Professionals Whiting & Co St Kilda, 03 9534 8014
Professionals Yarra Valley Warburton, 03 5966 2800
Professionals Yarra Valley Yarra Junction, 03 5967 1800
GIPPSLAND
Professionals Yarram Yarram, 0436 036 646
WESTERN AUSTRALIA REGIONAL
Professionals Albany Albany, 1300 006 330
Professionals Esperance Real Estate Esperance, 08 9071 2333
Professionals Geraldton Geraldton, 08 9965 2000
Professionals Jurien Bayview Realty Jurien Bay, 08 9652 2055
Professionals Mandurah Mandurah, 08 9535 3822
Professionals PL Bolto & Co Katanning, 08 9821 1566
Professionals Platinum Kalgoorlie, 08 9080 9200
Professionals Professionals Warren Blackwood Realty Manjimup, 08 9771 1099
Professionals Waroona Waroona, 08 9733 2299
PERTH METROPOLITAN
Professionals 5 Star Realty Midland, 08 79274 1655
Professionals Ardross Ardross, 0412 899 334
Professionals Armadale Real Estate Armadale, 08 9399 2122
Professionals Belmont Belmont, 08 9277 8877
Professionals BW Backhouse & Associates Cannington, 08 9451 9566
Professionals Byford Property Team Byford, 08 9525 0505
Professionals DAD Realty Australind, 08 9725 8322
Professionals DAD Realty Bunbury, 08 9725 8322
Professionals First Alliance Property Group Heathridge, 1300 888 038
Professionals Freeway South Kwinana, 08 9439 3700
Professionals Granger Clark Ballajura, 08 9249 6888
Professionals Granger Clark Ellenbrook, 08 6296 6600
Professionals Kalamunda Properties Kalamunda, 08 9257 1177
Professionals Lagoon Real Estate Yanchep, 08 9561 1047
Professionals Leading Edge Clarkson, 08 9408 6970
Professionals Main Realty Osborne Park, 08 9344 3411
Professionals MC Commercial Real Estate Malaga, 08 9209 3660
Professionals Northern Coast Alkimos, 08 6182 4056
Professionals Northern Coast Butler, 08 9562 2888
Professionals Property Executives Cockburn, 08 9414 3888
Professionals Property Plus Canningvale, 08 9455 5000
Professionals Property Plus Thornlie, 08 9459 9000
Professionals Prowest Real Estate Willetton, 08 9457 5733
Professionals Real Estate Rockingham Rockingham, 08 9439 3700
Professionals Stirling Clark Forrestfield, 08 9453 1888
Professionals Stirling Clark Mundaring, 08 9453 1888
Professionals The Wellstead Team Bassendean, 08 9378 3311
Professionals TWT Realty Balga, 08 9349 4655
Professionals TWT Realty Kingsley, 08 9349 4655
Professionals TWT Realty Nollamara, 08 9349 4655
Professionals Victoria Park Victoria Park, 08 9361 4666
Professionals Wanneroo Wanneroo, 08 9306 1111
At Professionals, we understand that when it comes to any property, it’s what’s inside that counts.
If you’re looking to buy, sell or manage your investment, call the real estate agents who know that the true value of any home – is the life inside.
Talk to a Professional today.
professionals.com.au