August 2018 cash rate on hold at 1.5%

The Reserve Bank of Australia announced on Tuesday that the cash rate is on hold at 1.5%.

Property market conditions continued to turn in favour of buyers last month. Home value movements have stalled, auction clearance rates have dropped, and properties are on the market longer. With interest rates remaining low, now is the time to take advantage of these market conditions to negotiate a great price on your next property purchase.