Monthly Archives

June 2018

Official cash rate unchanged at 1.5% as decided by the RBA

By RBA Updates

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With a combination of job growth slowing from last year’s frenetic pace and stagnant wage growth, the Reserve Bank have signalled that we can expect to see rates remain where they are for now. Many however still expect the next rate move to be an increase with signs of improvement in the economy in the shape of strong internal trade results and improving GDP numbers.
Rates remain constant now but it is important that you are prepared if they increase. There may be different rates available from our lenders, so I’m always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.
If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

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Monthly Winner for May 2018

By Competitions, News

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Thomas, and he has won a $500 Bunnings voucher. Congratulations Thomas!

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