The decision by the Reserve Bank to leave the cash rate at 3% in March need not be seen in a negative light by anyone watching the property market. 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 Blackwood, Happy Valley and Mitcham.
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%.
All these signs point towards an improving domestic economy and property market, which is fantastic news for the property and home loan market!
If you would like to review your home loan or learn more about your options, give me a call at Mortgage Choice in Blackwood on (08) 8178 0700 and we'd be happy to help you!
Charlotte Gray, Loans Consultant
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