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
The Cash Rate remains on hold for another month and the expectation of forecasters is that an increase is unlikely until late 2018/early 2019.
For our Investor Clients, no doubt you have seen an increase in your loan repayments over the past 12 months.
This will be a perfect opportunity to get in contact with us to review your rates, as some lenders are offering great Interest Only Investment rates.
Alternatively, there may be a better fixed rate, or if you change your repayments to Principal & Interest you would reduce the interest rate also.
Please give us a call or email to see how we can reduce your overall monthly payment!
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Until next time….