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INTEREST RATES HIT A NEW LOW

2 Aug 2016 Melton 0 Comment

The Reserve Bank has just released some breaking news!

The cash rate has dropped to a historic low of 1.5 percent. The last time the interest rates moved was back in May with a Federal Budget day cut of 1.75 percent.

The new low of 1.5 percent is great news for borrowers. It is predicted that the cut, along with the capital city price growth in the June quarter will furthermore motivate Vendors to list ahead of the spring selling season. The cut will also motivate buyers to make their move into the property market.

Read more here:

http://www.news.com.au/finance/economy/interest-rates/reserve-bank-cuts-cash-rate-to-historic-low-of-15-per-cent-in-august/news-story/eb22c56f59f7c9139a18f144539a2485

 

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