Interest rates are very low, competition to lend is heating up! The Reserve Bank of Australia on Tuesday 2nd December held the cash rate at 2.5 per cent for the 15th policy meeting in a row, reiterating that its current settings were right for fostering sustainable growth. Some key points from the statement are: - interest rates are very low - competition to lend has increased - lending to housing investors continues to rise - the search for investor returns had led to a pick-up in buy-to-rent investment in dwellings - dwelling prices have continued to rise - interest rates likely to remain low in 2015 Now is a great time to consider your finance options; it doesnt matter if looking to buy your first home, invest in a rental property or just looking for a better deal on your mortgage. Let us know your situation and one of the experts from our lending panel will help you see whats on offer. Team Start Right
Posted on: Tue, 02 Dec 2014 04:34:52 +0000
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