Investing in property has become increasingly popular in recent years. If this is something that you’re thinking about it’s important to do some homework. You’ll need to know the market dynamics of the area you’d like to buy in, find the right investment property, understand the REAL cost of your investment and of course, find the best investment loan to suit your specific needs.
As the nation stops to enjoy today’s Melbourne Cup, the only sure bet of the day was that the Reserve Bank of Australia would leave the official cash rate unchanged at 1.5% for the 27th consecutive time.
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5% for the 26th consecutive time. It’s now almost eight years since the last increase.
In making this decision the RBA looks to have balanced low unemployment, strong trade figures and increasing business and public sector infrastructure investment against continued low inflation, falling house prices and slow wages growth.
As we are all aware, each financial year we are required to lodge a tax return. For self-employed & small business owners this can sometimes be complex & is always time consuming. Mistakes are sometimes made, or it doesn’t get completed on time which can result in a tax debt payable to the Australian Tax Office.
The Reserve Bank of Australia made the decision today to leave the cash rate unchanged at 1.5%.
In making this decision the RBA looks to have taken into account the lack of economic growth in Australia, evidenced by the continuing fall in house prices, a rise in mortgage arrears and a drop in the number of dwelling approvals in July.