A surprising result

A surprising result from Australia’s Reserve Bank has seen official interest rates drop by a full 100 basis points. The Reserve Bank cut its key cash rate from 7% to 6%, double the 50 basis-point cut expected by markets. The move follows a 25 basis-point cut by the RBA in September, lowering the lending rate from a 12-year high. The RBA said the Australian economy now faced the prospect of slowing growth, while inflation would also subside.
Although it is not expected that the banks will pass on the entire drop, it is good news for the majority of home owners. Hopefully this will see a bit more buyer confidence in the property market.
One reason for the steep cuts to come is that clogged credit markets overseas mean that only some of the RBA’s rate reductions are likely to be passed on by commercial banks, Mr Robertson said. Commercial banks announced cuts to their variable home loan rates within minutes of last month’s RBA rate move, but the signals this month have suggested consumers and business borrowers are likely to receive only part of today’s rate and possibly not for some days.
Now is still a good time to buy as many vendors are still feeling the pinch. to see some well priced properties go to www.nobullrealestate.com.au/properties.php

Official rates dropped by a full 1%

A surprising result from Australia’s Reserve Bank has seen official interest rates drop by a full 100 basis points. The Reserve Bank cut its key cash rate from 7% to 6%, double the 50 basis-point cut expected by markets. The move follows a 25 basis-point cut by the RBA in September, lowering the lending rate from a 12-year high.
The RBA said the Australian economy now faced the prospect of slowing growth, while inflation would also subside.

Although it is not expected that the banks will pass on the entire drop, it is good news for the majority of home owners. Hopefully this will see a bit more buyer confidence in the property market.

One reason for the steep cuts to come is that clogged credit markets overseas mean that only some of the RBA’s rate reductions are likely to be passed on by commercial banks, Mr Robertson said.
Commercial banks announced cuts to their variable home loan rates within minutes of last month’s RBA rate move, but the signals this month have suggested consumers and business borrowers are likely to receive only part of today’s rate and possibly not for some days.

Now is still a good time to buy as many vendors are still feeling the pinch. to see some well priced properties go to www.nobullrealestate.com.au/properties.php

A surprising result from Australia’s Reserve Bank has seen official interest rates drop by a full 100 basis points. The Reserve Bank cut its key cash rate from 7% to 6%, double the 50 basis-point cut expected by markets. The move follows a 25 basis-point cut by the RBA in September, lowering the lending rate from a 12-year high. The RBA said the Australian economy now faced the prospect of slowing growth, while inflation would also subside.
Although it is not expected that the banks will pass on the entire drop, it is good news for the majority of home owners. Hopefully this will see a bit more buyer confidence in the property market.
One reason for the steep cuts to come is that clogged credit markets overseas mean that only some of the RBA’s rate reductions are likely to be passed on by commercial banks, Mr Robertson said. Commercial banks announced cuts to their variable home loan rates within minutes of last month’s RBA rate move, but the signals this month have suggested consumers and business borrowers are likely to receive only part of today’s rate and possibly not for some days.
Now is still a good time to buy as many vendors are still feeling the pinch. to see some well priced properties go to www.nobullrealestate.com.au/properties.php

Official rates dropped by a full 1%

A surprising result from Australia’s Reserve Bank has seen official interest rates drop by a full 100 basis points. The Reserve Bank cut its key cash rate from 7% to 6%, double the 50 basis-point cut expected by markets. The move follows a 25 basis-point cut by the RBA in September, lowering the lending rate from a 12-year high.
The RBA said the Australian economy now faced the prospect of slowing growth, while inflation would also subside.

Although it is not expected that the banks will pass on the entire drop, it is good news for the majority of home owners. Hopefully this will see a bit more buyer confidence in the property market.

One reason for the steep cuts to come is that clogged credit markets overseas mean that only some of the RBA’s rate reductions are likely to be passed on by commercial banks, Mr Robertson said.
Commercial banks announced cuts to their variable home loan rates within minutes of last month’s RBA rate move, but the signals this month have suggested consumers and business borrowers are likely to receive only part of today’s rate and possibly not for some days.

Now is still a good time to buy as many vendors are still feeling the pinch. to see some well priced properties go to www.nobullrealestate.com.au/properties.php

Official rates dropped by a full 1%

A surprising result from Australia’s Reserve Bank has seen official interest rates drop by a full 100 basis points. The Reserve Bank cut its key cash rate from 7% to 6%, double the 50 basis-point cut expected by markets. The move follows a 25 basis-point cut by the RBA in September, lowering the lending rate from a 12-year high.
The RBA said the Australian economy now faced the prospect of slowing growth, while inflation would also subside.

Although it is not expected that the banks will pass on the entire drop, it is good news for the majority of home owners. Hopefully this will see a bit more buyer confidence in the property market.

One reason for the steep cuts to come is that clogged credit markets overseas mean that only some of the RBA’s rate reductions are likely to be passed on by commercial banks, Mr Robertson said.
Commercial banks announced cuts to their variable home loan rates within minutes of last month’s RBA rate move, but the signals this month have suggested consumers and business borrowers are likely to receive only part of today’s rate and possibly not for some days.

Now is still a good time to buy as many vendors are still feeling the pinch. to see some well priced properties go to www.nobullrealestate.com.au/properties.php