With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to a record low of 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016.
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.
The RBA has decided to leave the official cash rate unchanged at 1.5%.
With speculation mounting that a date for the federal election is close to being announced and that tonight’s federal budget will bring with it tax cuts, the Reserve Bank has again left rates on hold.
Today the RBA has once again left interest rates on hold.
Following its February meeting, the RBA said the case for the next rate move to be a decrease was now almost equal to the case for an increase and that it would continue to watch the economy closely for signs around its key objectives of decreasing unemployment and increasing inflation.
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.