RBA Keeps The Official Cash Rate on Hold

Source : Westpac

 

RESERVE BANK OF AUSTRALIA KEEPS THE OFFICIAL CASH RATE ON HOLD
The Reserve Bank of Australia today decided to hold the official cash rate at three per cent – a decision that is expected to help create ongoing stability for those Australians looking to secure finance for a property purchase.

In previous rate cutting cycles, house prices rose relatively steadily in the months following the first rate cut. This has not happened in the current cycle.

 

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Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
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