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Fletchers Group News Update – 2 February

February 3rd 2015

It has been an exciting week for the Fletchers Group, with the opening on 1 February of our new office, Fletchers Glen Iris. The experienced team at Glen Iris are led by long-standing local resident Karl Fitch. Positioned at the intersection of High Street and Malvern Road, the office is well located within the Eastern suburbs. The team offers unique insight into the Glen Iris area and surrounds, and they are eager to help you with your property search in 2015.

This week the Reserve Bank of Australia has made the surprise decision to cut cash rates to 2.25 per cent. This record low rate is set to have an impact on most markets across Australia. It was a welcome decision amongst those looking to purchase their first home as the cut has means that first time buyers will have access to cheaper mortgage rates, something that previous generations have not enjoyed. It is the perfect opportunity to get into the property market, with plenty of properties already on the market. So far, two of the big four banks have acted to pass on interest rate cuts.

Please do not hesitate to get in touch with our team if you would like to have a chat about the market, or discuss your property goals this year. We are more than happy to help!

Fletchers Glen Iris is now open!