Video - RBA Interest Rate Update (July 2014)

The Reserve Bank of Australia has played it safe again this month, with the Board opting to leave the official cash rate on hold at 2.5 per cent for the 11th consecutive month.

  • Consumer sentiment remains fairly sluggish and property values were fairly stagnate in June.
  • Confidence climbed just 0.2 per cent in June (Westpac Melbourne Institute of Consumer Sentiment).
  • Consumer sentiment remains 6.6 per cent below the pre-Budget level recorded in April and 15.6 per cent below the post-election high recorded in November last year.
  • RP Data research found property values climbed by 1.4 per cent in June after suffering a 1.9 per cent drop in May.

Moving forward, we expect the Reserve Bank of Australia to leave the official cash rate on hold for some time yet.

As your local mortgage broker, we can offer you a free Home Loan Health Check which may help you find a home loan that is not only better suited to your needs, but much more competitively priced than your current home loan. You may find you are able to save hundreds, if not thousands of dollars a year simply by giving your home loan a health check.

 

To book a free Home Loan Health Check, feel free to call Daniel Eigenmann from Mortgage Choice Subiaco in Perth on  (08) 6355 6834 or 0412 022 110.

Alternatively, if you have questions you can email Daniel to daniel.eigenmann@mortgagechoice.com.au

And if you're in Subiaco, why don't you pop into our office for a coffee.  

 

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Mortgage Choice Subiaco, Perth - 2/33 Rokeby Road, Subiaco WA 6008 - Tel: (08) 6355 6834 - Mobile: 0412 022 110 - Email: daniel.eigenmann@mortgagechoice.com.au

 

Posted in: Interest rates

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