At its final meeting for 2017, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 1.5 per cent. The RBA next meets in February 2018.
The good interest rate news for property owners and buyers looks set to continue into 2018. In its Statement on Monetary Policy released in mid-November, the RBA indicated that:
If you need help with your property purchasing plans or a home loan health check, please don’t hesitate to give our friends at InterPrac Finance a call on 1800 700 666 or email firstname.lastname@example.org.