RBA leaves rates untouched

March 03, 2015
Richard Windeyer

Steady dwelling value growth combined with a strong rebound in consumer confidence has encouraged the Reserve Bank of Australia to leave the cash rate on hold today at 2.25%.


For a free Home Loan Health Check or to discover how you can take advantage of the low rate environment, please call me on 1800 01 LOAN (5626) to arrange a time to meet OR clcik the link "Go to my Diary" to book a time.

Following last month’s rate cut announcement, consumer confidence jumped 8%, meaning optimists now outweigh pessimists for the first time in 12 months.

In addition, property prices continue to climb at a moderate but steady rate, with dwelling values across the combined capital cities growing 0.3% throughout February.

Moving forward, it is expected that property prices will continue to grow, especially as the recent rate cuts made by many of Australia’s lenders start to come into effect.

 In fact, with many of Australia’s lenders passing on last month’s RBA rate cut in full to their borrowers, home loan rates are currently sitting at historically low levels, making now the perfect time to review your current mortgage situation or consider purchasing an investment property.

 So, if you are thinking about purchasing an owner occupied home, an investment property or simply reviewing your mortgage, now may be a great time to do so.

As your local Mortgage Choice home loan expert, I will meet with you to understand your needs and compare hundreds of products from up to 28 leading banks and lenders to find the right home loan for you.

For a free Home Loan Health Check or to discover how you can take advantage of the low rate environment, please call me on 1800 01 LOAN (5626) to arrange a time to meet OR clcik the link "Go to my Diary" to book a time.

Posted in: Interest rates

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