Better than expected job figures and solid housing finance data combined with stronger household spending has led to the decision by the Reserve Bank of Australian to keep the official cash rate on hold at 2.5% for the eighth consecutive month.
Positive data keeps rates on hold
- more than 47,000 jobs were added to the economy in February
- construction loans of new homes enjoying a 5.8% surge in January
- a jump in retail sales, up 1.2% in January
With this positive economic data and low interest rates now present a great opportunity to review your current home loan
To find out more contact us at Suite 2, 10-12 High St Wodonga Vic or call 02 6056 4433.