The Reserve Bank of Australia decided to once again reduce the official cash rate, this time to 1% in a concentrated effort to boost household spending and the economy in general.
If you’ve decided that you want to build your dream home, or if you absolutely love your current home but want to update or extend it, you may find that a construction loan is the ideal choice for you. Construction loans are different to a traditional purchase, so we’ve put together some things to consider when going down this path.
In the lead up to the federal election the RBA has again decided to leave the official cash rate unchanged at 1.5%.
Only twice before has the RBA elected to drop rates during an election campaign and on both those occasions the incumbent governing party lost the election.
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: