At its meeting today, the Board decided to
LEAVE THE cash RATE ON HOLD AT 1.5%
The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE
Over the past 12 months we have seen regulatory pressure drive rates up. Again these past couple of weeks we have seen continual pressure which has resulted in further rate increases from most lenders for Interest Only loans. For our investors, what does this mean for you? No doubt your monthly repayment has or will increase therefore you need to be prepared for this. If you would like to discuss your current situation, please do not hesitate to contact me.
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Hope you all have a wonderful Easter with your families, and enjoy the break.
Until next time….