RBA leaves rates on hold at the first meet of 2017 Blog article
We hope you are enjoying the fantastic summer weather and are ready for another exciting year as things start to heat up in the Australian property market! The Reserve Bank of Australia met today for its first meeting of 2017 and as expected, elected to keep the official cash rate on hold at 1.5 per cent.
Meanwhile, many lenders have been adjusting their interest rates outside of RBA movements and taking a more cautious attitude towards lending in certain segments, highlighting the need for professional guidance in this area.
Just because the RBA has not moved on rates this month, doesn’t mean you can’t! There are still many lenders offering rates well under 4% so get in touch with us to see if we can help you save on your current loan or assist with your next property purchase or renovation.
To arrange a chat with our experienced lending specialists, Josh, Mikaela or Dan, please call: 03 9686 4976 or email email@example.com
At its May meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. However, Australian lenders are still increasing rates to keep in line with APRA's new lending rules...
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