The RBA decided to take rates to a historic low this month.
The current cash rate is 2%
‘Business investment and commodity prices are trending low which has led to this rate cut.’, Aviser’s Martin Ryan says. ‘However the housing market in Melbourne and Sydney is generally very strong, which has made it a fine balance for the RBA.’
‘Clearly with these rate movements people should look at their household lending and find out if they are in the best position.’
To find out how to take advantage of this interest rate cut – whether you are looking to buy or already have some lending – contact us at Aviser Finance.