The RBA has announced that it will leave the cash rate unchanged at 2.5%
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Information becoming available to the RBA over the summer suggests slightly firmer consumer demand and foreshadows a solid expansion in housing construction.
The Expansion of housing construction is good news for first home buyers in NSW. First home buyers who purchase a brand new home valued up to $550,000 are eligible for stamp duty exemption and a $15,000 first home buyers grant
Existing mortgagors have had a good ride with record low interest rates continuing to stay; however the anticipation of strong growth in the future ahead and inflation rates higher than expected, it may be safer to fix your home loan rate and secure a low rate in the years to come
Speaking with an expert will ensure you the loan you have is most cost effective and suitable to your circumstances. By doing this You have Much to Gain and Nothing to Lose.
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