RBA leaves rates on hold once again
Unsurprisingly, the Reserve Bank of Australia has decided to leave the cash rate on hold at 2%.
Strong economic data including stable employment and a bounce back in consumer sentiment provided the RBA no reason to cut the cash rate.
Interestingly, we are hearing many analysts saying there could be a cut before the end of the year, but with interest rates already sitting at historical lows, now is a great time to be in the property market.