Christies Beach 
As predicted by many, interest rates will remain on hold again, leaving the cash rate at 1.00 per cent, since July.
“There are further signs of a turnaround in established housing markets, especially in Sydney and Melbourne. In contrast, new dwelling activity has weakened. Growth in housing credit remains low. Demand for credit by investors continues to be subdued and credit conditions, especially for small and medium-sized businesses, remain tight. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality.”
Philip Lowe, Governor.
If you are in a position to do so, this can be a great time to pay extra towards any loans you may have. However, it is always best to seek advice from a financial adviser before making any changes.
Follow the Professionals Christies Beach real estate blog for more interesting articles.
Interest rates remain on hold
03/09/2019
Article posted by Melissa Chaplin
