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Reserve Bank Stand Firm

RBA leaves cash rate at 0.10%. The Reserve Bank of Australia (RBA) Board have left the cash rate at the 0.10% target rate yet again this month. Governor Philip Lowe had this to say in his official statement: “As vaccination rates increase further and restrictions are eased, the economy is expected to bounce back. Many businesses are now planning for the easing of restrictions and confidence has held up reasonably well. ” “Housing prices are continuing to rise, although turnover in some markets has declined following the virus outbreak. Housing credit growth has picked up due to stronger demand for credit by both owner-occupiers and investors.” Are you needing a home loan in the next 6 months, or wanting to refinance your existing mortgage? Find out if you can benefit from historically low rates by getting in touch today.


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