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RBA Decision

6 Sep 2016 Christies Beach 0 Comment

Photo by 104 (K) 2012. 1

Photo by 104 (K) 2012

The RBA (Reserve Bank of Australia) decided at its board meeting today to leave interest rates at 1.50%.

Last month interest rates dropped to a record low. Click here to read last month’s article explaining what this means for home owners.

According to a statement made by Glenn Stevens, Governor: “Supervisory measures have strengthened lending standards in the housing market. Separately, a number of lenders are also taking a more cautious attitude to lending in certain segments. The best available information suggests that dwelling prices overall have risen moderately over the past year and growth in lending for housing purposes has slowed. Considerable supply of apartments is scheduled to come on stream over the next couple of years, particularly in the eastern capital cities.”

Click here to read the full statement.

Don’t forget The Professionals Home Loan team are always here to help and can be contacted on 08 8100 0750.

If you would like to speak to a sales person to get an up to date appraisal on your home please contact our office on 08 8382 3773.

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RBA Decision


Author: Melissa Chaplin










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