March RBA Decision

March to a happier tune: cash rate hold shouldn’t dampen spirit The Reserve Bank of Australia’s announcement to keep the cash rate steady for the month ahead shouldn’t dampen property owners and buyers spirits. There have been plenty of positive signs of an emerging uplift in conditions, particularly in sectors of the economy that correlate closely to interest rate movements.

For a start, interest rates are at historic lows and any further cuts will be icing on the cake for existing borrowers and those looking to get into the property market. In addition to low interest rates we have a subdued unemployment rate, which according to the Australian Bureau of Statistics is currently standing at 5.4%. Furthermore, property prices appear to be on the rebound, with national home prices rising by 1.3% over the year to February, according to the latest research by RP Data showing better long-term capital growth prospects.

All these signs point towards an improving domestic economy and property market.

If you’re looking to step onto the property market, I can help you find a home loan that suits your individual needs and circumstances. I can compare over 300 home loans from up to 27 of Australia’s leading banks and lenders to find a loan that’s right for you.

If you are already a homeowner, I can give you a “Home Loan Health Check” by comparing your loan with hundreds of others to see if there is now a better loan for you. You may be able to save thousands, or years off the life of your loan.

Best of all, our home loan service is at no charge to you! If you’d like to discuss your home loan options, please feel free to contact me at any time.

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