At its March meeting, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% despite concerns about the potential impact of a declining housing market on economic growth.
Many analysts are now predicting the RBA could cut rates by up to 50 basis points (half a percent) by mid-2020 if home prices keep falling this year. Meanwhile, the housing market correction is providing plenty of bargains in the Autumn property market, so please ask us to arrange a home loan pre-approval now if you want to take advantage while buying conditions are good.
Call us today on 0437 498 800 to find out more.
