…however, the RBA speculates that another rate cut is on the way.
Both moderate global economic growth and a below-trend pace of domestic growth are the key reasons for the RBA board deciding to leave the Australian cash rate at 2.25% today.
However, in the official statement released on behalf of RBA Governor Glenn Stevens, it was mentioned that a further rate cut is still a possibility should there be any further decline in the current levels economic activity.
One key area that remains steady is Australia’s housing market. As the RBA announcement stat
Cash rate continues its descent to lowest rate in Australia’s history.
In what was one of the more contentious rate decisions of late, the RBA has
announced that the best course of action was to reduce the cash rate a further
0.25%.
This decision was less about offsetting negative economic trends, but to further
stimulate positive growth signs throughout Australia’s economy.
RBA Governor Glenn Stevens makes special mention of the favourable lending
environment:
“Low interest rates are acting to support borrowing and spending, and credit is
recordin
It’s time to buy your first home, renegotiate your mortgage, buy that investment property or consolidate your debts. Do you DIY it? Do you go to your favourite bank and get the best they have on offer? Or, do you make the choice that a growing number of Australians are making and choose to use a mortgage broker?
We think it makes both good dollars and smart sense to go the broker route. Here are a few reasons we say that. And, they may just explain the growing trend.
Personal Attention
Mortgage brokers take the time to learn your specific
Have you heard the insightful quote that states, “T
he difference between a dream and a goal is a deadline”? This holds especially true for your financial future.
We encourage you to set property related goals for your future. No matter what stage you’re at, your current financial position, or your age, you can create a property related goal that can help you to achieve your dreams.
If your dream is to set yourself up for a well-funded retirement, investment properties may well be your best option.
It doesn’t take the accumulation of too many p