Great news for property investors as the Reserve Bank of Australia lowers rates
Property investors will be ecstatic with the news that the Reserve Bank of Australia has made a monumental decision to cut the Cash Rate further by 0.25% from the official 2015 Cash Rate of 2.00%.
In a move that Economists say is the final Rate Cut for 2015, the RBA has based their decision on the fact that economic growth has been steadier than expected, the Australian dollar’s value increasing and that new business investment is low. Not to mention unemployment stabilising and despite partial recoveries, coal and iron ore prices have fallen.
With property investors in mind, it seems it has never been a better time to put their hard earned cash into real estate. With a result of mortgage rates being lowered, particularly on the East Coast, property markets such as Melbourne and Sydney will have higher housing prices. Likewise, mortgage brokers and real estate agents will benefit and banks will have higher returns. It seems that high returns are the order of the day for the rest of 2015.
Contact us today on 1300 769 166, to learn more of what this means for you
By Rebecca Boss – Fairchild Head of Finance