BREAKING NEWS!!!! RBA ANNOUNCEMENT AUGUST 2013 RBA cuts interest rates to 2.50% p.a. The Reserve Bank of Australia has cut rates from 2.75% p.a. to 2.50% p.a. The Reserve Bank of Australia has confirmed they are dropping the interest rate to 2.50% p.a., bringing an end to the three month hold at 2.75% p.a. Is now the time for first home buyers and investors? YES Rates have been held low throughout 2013 and further drops have been rumoured to take place to stimulate the Australian economy, but until today nothing had been confirmed. The rate cut this month could lead to a spike in purchases in the property market as many people seize the opportunity and look at entering the market as a first-time buyer or expanding their portfolio by moving into investment property.(Perfect superannuation plan) A new report from RP Data* has shown there are 3,230 suburbs across Australia in which it’s cheaper to buy than rent, so now could be a good time to look at buying!!
Posted on: Sun, 11 Aug 2013 00:48:11 +0000