The Reserve Bank of Australia have met for the final time this year and decided to leave the interest rates on hold.
Whilst official rates have remained steady for 2017, there’s been plenty of changes for us to navigate through with our clients during the year. Banks are continuing to chase after clients with owner occupied loans, offering some great interest rate discounts. We are also seeing a number of banks re-open their doors for investment lending, which has allowed me to provide some great offers for my investor clients.
The RBA will meet next in February 2018. With property prices cooling in some suburbs, employment levels improving but wages remaining stagnant, economists are split on whether the next interest rate move will be up to down.