Hello, how are you?
I hope this email finds you well!
At its meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.75%.
With the official cash rate already reduced three times this year, RBA governor Philip Lowe has been optimistic that we are finally seeing the results of these cuts. “Expectations of further monetary easing have generally been scaled back over the past month and financial market sentiment has improved a little,” Lowe said in November.
The RBA won’t meet in January so we can expect interest rates to remain low for the foreseeable future.
We'll be in touch again in a few weeks, leading up to the holiday season. In the meantime, wishing you a great week, and do take care. National Property Snapshot below for review.