Published on March 6th, 2018
March RBA rate announcementAt its March meeting today, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5 per cent.
This is now the 17th consecutive month the RBA have opted to leave the cash rate steady. This trend is expected to continue, with most analysts predicting no change to the official rate this year.
Even though we’re seeing no movement on the official cash rate, lenders are making their own rate adjustments, especially now the busy autumn selling season has arrived. We’ve already seen record numbers of properties up for auction this autumn!
If you’re in the market to make a purchase, be sure to get in touch with the Elders Home Loans team to assess your borrowing power and get pre-approval.