April 2012

Welcome to our April newsletter

The start of the year might have been rocky, but 2012 might just prove to be a year of stabilisation – welcome news for home buyers and investors alike. For the third consecutive month, the Reserve Bank of Australia (RBA) left the official cash rate on hold when it met on Tuesday April 3 and while the road to recovery for Europe still looks like being a long one, expectations of a major shock for the Australian economy are declining. The official cash rate now sits at 4.25 per cent, with forecasts from leading economists suggesting this could remain so until at least mid-year.
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