November 07, 2018 by Jim Demetriou
As most of us had our eyes on the Melbourne Cup, the RBA kept official rates on hold for another month taking the record to 25 meetings without any change to rates.
With inflation still within the Bank's 2% - 3% target range and the economy growing within the RBA's forecast, there was no case for rates to move in the current environment.
The falling property prices has not concerned the RBA as the housing market continued to ease in the major cities of Sydney and Melbourne. Rental vacancies in Sydney have increased as more choice becomes available as a result of the construction boom bringing with it a relatively low rental inflation.
If you are still paying above 4.00% on your owner occupied loan, call us today at Mortgage Choice Jannali, located in the Sutherland Shire 02 9525 0112 for an obligation free discussion.
