At its meeting today, the Board decided to leave the cash rate on hold at 0.10%
The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE
With the release of the budget last week, Affordable Housing and Home Ownership was addressed. The Government will increase the number of guarantees provided to 50,000 per year. There is a combination of guarantees for First home buyers, Family Home Guarantee (for single parents), with the introduction of a new “Regional Home Guarantee” that supports eligible citizens and permanent residents who have not owned a home for 5 years to purchase a new home in a regional location with a minimum 5 per cent deposit.
If you would like to know more about the above schemes, please reach out to me.
For more information on the Federal Budget 2022 and what it means for you, please follow the link below.
Until next time …….