October 08, 2015
At Tuesday's Board meeting, the Reserve Bank of Australia judged it was prudent to leave the official cash rate on hold at 2% for the fifth consecutive month.
According to the Board, with the Australian economy tracking along nicely, there is no immediate need to change the current monetary policy setting.
The lower Australian dollar has provided some support for the country’s growth and inflation. Furthermore, new data shows business conditions remain relatively stable, while property price growth continues to track upwards – albeit at a slower pace than the beginning of the year.
Data from CoreLogic found property prices across the combined capital cities climbed 0.9% over the month of September – taking values 4% higher over the last quarter.
As your local Mortgage Choice broker, Antony and Michelle have access to hundreds of products through their panel of up to 25 lenders and can help you source the right home loan for your needs. If you already have a current home loan, they can compare it against hundreds of others to see if they can find you one that is not only better suited to your needs, but more competitively priced.
To have a chat about your home loan options or to book a free Home Loan Health Check, please contact the team at Mortgage Choice Bundall today to arrange a time to meet.