Speculation on next RBA move- watch this space
So much hype over the past week or so with so many opinions on what the reserve bank will do this week when they meet and review the Australian cash rate amongst other things. The announcement of the federal election, along with another great weekend of clearance rates in Melbourne and other capital cities, have caused some experts to speculate that rates may in fact not fall any further, but rather stay on hold or even move upwards! Whilst most think this is unlikely, we’ll know in about 24 hours. One thing is certain, home loan interest rates are the lowest they have been in some 60 years, so if you are currently in a position to buy real estate and have been considering this for a while……. then perhaps you should!
As always, enjoy life, work hard, play safe and remember that we are always here to help you
‘Take the Confusion Out of Lending’
Peter Vinci - 0438 041 111