Looking for your first home is a very exciting time, but it can also be a little daunting as you start to think about everything that is involved. That’s why we’re here, to do the hard work for you & save you time & stress. Here is a list of things that you need to consider when looking to get your foot on the property ladder:
The Reserve Bank of Australia made their announcement today to leave the official cash rate unchanged at 1.5%. It has now been two years since the last cash rate move. We think this is due to a combination of factors including very low wages growth, high underemployment, flattening property prices and home lending and modest inflation. Many experts are predicting it may be some time before we see the next rate movement and it may actually be downwards.