RBA LEAVES RATES ON HOLD AT ITS FIRST MEETING
February, 2020
At its meeting today, the Board decided to Leave cash rate on hold at 0.75%
The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE
Welcome to the first email of 2020. I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year!
There has been some exciting news for First Home Buyers, with the introduction of the First Home Loan Deposit Scheme.
It allows first home buyers to purchase a property with the government providing a guarantee, avoiding thousands of dollars in mortgage insurance. First Home Buyers only need a minimum deposit of 5% of the purchase price. The Grant rolled out on the 1st January – initially with CBA & NAB, but from 1st Feb, there was a new roll out which included other regional lenders with 7,000 places becoming available.
From 1 July there will be a further 10,000 places available.
If you know someone that is a First Home Buyer, please feel free to share this email, and ask them to contact us and let us show them how to get into their first home sooner!
Until next time …….
