With interest rates in the 3.6% and up ranges one would be tricked into thinking that people still had to have a large deposit to buy into their own home nowadays. You may be surprised to know that people can access funds for very little money as a deposit and still get rates that are.
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For the 11th consecutive month, the Reserve Bank of Australia has decided to leave the official cash rate on hold at 1.5%. According to the majority of economists, today’s decision was “largely unsurprising”. Indeed, each cash rate decision by the Reserve Bank of Australia is a delicate balancing act. The Board has to look at.
