Record Low Interest Rates To Remain At 2.5% Until September 2015

The Reserve Bank has recently released a statement saying that the Official Cash Rate will remain at record low levels for about a year, after their decision to keep it at 2.5% in their September meeting, increasing the interest rate streak to 13 months.

The RBA cited the decrease of housing loans to 15 basis points as one of the major drivers in keeping the rates at 2.5%, and that forecasted property demand should taper off property price increases in the future. The RBA is also pleased with the current status of the mortgage market, saying that current policies and lending standards have met their expectations.

Read more about this on the Adviser website.

Author: Dorian Traill

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.

Leave a Reply

Your email address will not be published. Required fields are marked *