As expected, the Reserve Bank of Australia (RBA) left official rates on hold again this month.
The RBA advised they will continue to watch wage growth and property prices around the country, but at this stage they will wait for some clearer economic signals prior to making a change. One major bank economist has predicted that we may not see any changes to official rates until mid-2019.
In recent weeks, I have been having great success with reviewing my clients existing loans, especially investment loans, and have been able to offer them competitive fixed and variable rate loans with principle and interest repayments. If you feel it may be time for a switch, get in touch with our Mortgage Broker – Maria White