Rates pruned for spring property bloom
Flowers flourish after a good spring pruning and the same can be said for the economy after yesterday’s interest rate cut, according to industry experts.
At yesterday’s Reserve Bank of Australia (RBA) meeting, the board decided to cut interest rates by .25 base points, taking the cash rate to 3.25%.
By reducing the interest rates, the RBA hopes to stimulate consumer confidence and the experts at Choice Home Loans think that we will now see the market upswing with many more buyers coming back into the market.
If you’re in the market for a new home, remember that rates are much lower than they were 12 months ago, property prices have all re-adjusted with the weaker market and Porter Davis is delivering some outstanding new property options.
What that means for you is that remarkably lower interest rates have made new home ownership much more affordable, so find out what your options are by talking to a financial guru at Choice Home Loans.
Stay tuned and we’ll let you know when and if the banks decide to pass on the interest rate cut to consumers!
To find out more about your financial options, contact Choice Home Loans today at email@example.com or call 1300 2 CHOICE.
How will the interest rate cut affect you?