Posted at 13:15h
in Finance Tips
Welcome to our September newsletter
Home buyers and investors alike could snag themselves a bargain this spring, with early forecasts flagging suppressed property prices and lower mortgage rates over coming months.
For the third consecutive month, the Reserve Bank of Australia’s (RBA’s) Board decided to leave the official cash rate unchanged at 3.50 per cent at its September meeting.
Reserve Bank Governor Glenn Stevens said the RBA will continue to take a sit and wait approach as the effects of rate cuts made earlier in the year trickle down through the national economy.