To quote the latest Quartile Property Network emailout.
( http://www.quartile.com.au/ )
"Good news – another month of steady interest rates!
This week the Reserve Bank of Australia delivered good news to Australian home buyers electing to leave interest rates steady at 5.25% for the fourth consecutive month. The decision came as no surprise to most economic forecasters who claim a slowdown in the Aussie housing market and continuing economic uncertainty in the USA were enough to sway the Reserve Bank to leave interest rates unchanged. It is now expected that the Reserve Bank will leave interest rates on hold for at least the next few months."
just thought I'd share that as I'm sure most of you will agree it's what we've been wanting to hear.
Jase
( http://www.quartile.com.au/ )
"Good news – another month of steady interest rates!
This week the Reserve Bank of Australia delivered good news to Australian home buyers electing to leave interest rates steady at 5.25% for the fourth consecutive month. The decision came as no surprise to most economic forecasters who claim a slowdown in the Aussie housing market and continuing economic uncertainty in the USA were enough to sway the Reserve Bank to leave interest rates unchanged. It is now expected that the Reserve Bank will leave interest rates on hold for at least the next few months."
just thought I'd share that as I'm sure most of you will agree it's what we've been wanting to hear.
Jase