January 2013

Welcome to our January newsletter

With the New Year upon us, it?s time to reflect on 2012 and think about what we wish to achieve over the coming 12 months. The New Year is the perfect time to evaluate your past decisions and assess your plans for the future. Whether you?re looking to build an investment portfolio this year, renovate your existing home, or simply stay on the financial path you paved in 2012, planning is essential. When creating your mind map for the year ahead you will need to consider a few factors from the year that was. First off, the cash rate took a tumble in 2012, and this is expected to remain relatively low for the foreseeable future. In December, the Reserve Bank lowered the official cash rate to three per cent ? the fourth reduction for the 2012 period. With the cash rate now currently standing at record low levels, there are plenty of savings available, with many lenders opting to pass on some, if not all, of the December rate cut to borrowers.
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