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Cash rate

7 Feb 2017 Christies Beach 0 Comment

Photo by Simon Cunningham

Photo by Simon Cunningham

The official statement by Philip Lowe, Governor, has now been released. The RBA have decided at today’s meeting to leave the cash rate unchanged at 1.50 per cent. My Lowe stated that “conditions in the housing market vary considerably around the country. In some markets, conditions have strengthened further and prices are rising briskly. In other markets, prices are declining. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Growth in rents is the slowest for a couple of decades. Borrowing for housing has picked up a little, with stronger demand by investors. With leverage increasing, supervisory measures have strengthened lending standards and some lenders are taking a more cautious attitude to lending in certain segments.”

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Cash rate

07/02/2017

Author: Melissa Chaplin

 

 

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