Happy News from the RBA – March 2011
Glenn Stevens, and the RBA board, have welcomed in 2011 by keeping interest rates on hold. What fabulous news for all home owners, especially given the disastrous start to the year experienced by areas of QLD and VIC.
The official cash rate has remained unchanged this month mainly due to the global economy continues to look strong going into 2011. Commodity prices have remained high and in many instances have risen further over recent months.
This announcement is just what investors have been waiting for as many people believe that now is a great time to consider starting or increasing your property portfolio.
However, there is no guarantee that the financial institutions will not adjust their rates independently, so keep posted to the media over the next few days and weeks.
As always, if you have any questions or concerns about interest rates or how to invest in property we would be delighted to have a chat with you, Please call the office.
Lending institutions change their criteria all the time so it’s always good to check in with us at least once a year to allow us to discuss your personal situation.
Sometimes a quick chat on the phone can help ease some unnecessary worries and put a new plan in place for you. And what better time that the start of another year.
Number: 2011-01
Date: 1 February 2011
Embargo For Immediate Release
