More activity but still uncertain

With Kevin Rudd guaranteeing the bank deposits of many Australians without thinking it through, has lead to a panic in the managed funds sector. Some fund managers like AXA are freezing withdraws which has lead to a call for the government to guarantee all deposits. This has not worked the way it was suppose to.
With such uncertainty, many home buyers are still not committing to any purchases. Some are making offers, and as soon as a building report is done, the slightest fault is being used to withdraw from the transaction. The problem is people are still very nervous about the uncertainty of the worlds economy. With talk of another interest rate cut of at least 0.5%, some lenders are already cutting rates before the reserve bank has announced it officially. John Simons from Aussie Home Loans has taken a brave step to reduced rates below the official rate.
This is to try and stimulate those that want to buy but are a bit hesitant. The governments offer of $14,000 for existing home purchases for first home buyers has not delivered any more enquiry. New home enquiry has seen people making drastically reduced offers for new homes. People are still trying to secure property for prices far lower than is being asked.
The rental market is stronger than ever. Enquiries for rental properties are continual with 30 to 40 people inspecting one property at inspections. The rental market is crying out for more vacant properties. Now is the time to buy as you have great negotiating power and tenants are waiting to enter leases. To see some fantastic bargains go to www.nobullrealestate.com.au/properties.php