The official cash rate is currently at record low levels and has remained at 2.5% since 2013. Since then, more market analysts are convinced that interest rate cuts are ahead for 2015.

SQM Research recently forecasted interest rate cuts as a “dead certainty” if the Australian Prudential Regulation Authority pushes forward with their lending restriction plans. 2 of the big 4 banks, Westpac and NAB have also forecasted a rate cut for 2015, with the official cash rate dropping at least 2% this year.

The underperforming economy has been pointed out as a major factor in the rate reduction. It is expected that rate cuts as early as April will help boost the housing market.

Read more about this on the Adviser website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.