RBA Cash Rate May 2015

Rate cut to fuel house sales

The Gladstone regions property market is set for a boost with the official interest rate cut to an all-time low of 2.0%.

The reserve bank’s decision to cut the official cash rate by a further 25 basis points on Tuesday could spark more buying and selling activity, and create increased competition for properties.


Considering Buying?

Best to act now! With rates so low, buyers no longer have the luxury of waiting for their dream home to drop in price, if they don’t act someone else will, Don’t settle for your second favourite home! Secure it today.

Just as you don’t want to settle for your second favourite home, you don’t need to settle for your second favourite Home Loan. There has never been a better time to shop around, Talk with your local Loan Market Mortgage Adviser to arrange competitive finance Pre-Approval.


Already Own?

Set it, forget it and you will regret it. There has never been a better time to save on your home loan, whether you’re looking for some finance for that renovation, or you would like to roll that pesky credit card or car loan to a lower interest option, there has never been a better time to act. There is not only $ 000’s to be saved, but you could shave years off your mortgage with more competitive finance.

No matter your situation talk to Chris Maguire your local Loan Market Adviser for personalised advice specific to your needs.


M 0432 389 388
E chris.maguire@loanmarket.com.au
A 35 Tank Street, Gladstone Central.


Rate Cut to fuel the region

The Gladstone region is set for a boost with the official interest rate cut to an all-time low of 2.0%.

The reserve bank’s decision to cut the official cash rate by a further 25 basis points on Tuesday could spark more buying and selling activity, and create increased competition for properties.

Great news for sellers and buyers alike with Chris Maguire Gladstone’s Loan Market Mortgage Adviser stating “with rates so low, buyers no longer have the luxury of waiting for their dream home to drop in price, if they don’t act on the record rates someone else will” he goes on to say “Gladstone is currently a buyers’ market, but it is all about timing, better to be a year early then a month too late” “we have all seen how quickly the effects of job growth can impact prices”

Home owners are now in a prime position to get ahead on their mortgage repayments, a 0.25% lower rate while maintaining your previous repayments could save you more than 2 years off the term of your loan. However Chris urges everyone to undertake annual home loan review’s with their trusted adviser, beyond reserve bank reductions, individual lenders are constantly changing their available products, the home loan you accepted when you bought your home may not be competitive when comparing to current offerings.

The cut is just as helpful for local business owners, lower interest rates are helpful in fueling growth and job creation “Business owners need to be mindful with how much they are paying for their credit facilities, if they don’t stay on top of the market changes they risk giving their competitors an edge”

For personalised advice on how the rate cut affects you, contact your local adviser.