Hope you’re making the most of this beautiful weather while it’s lasting. Summer seems to be never ending!
There’s still plenty of heat in the property market too. We’ve just had the biggest month ever with people looking for either a better home or a better deal. We love it when we can help make their dreams a reality!
Tuesday’s RBA meeting saw our first rate cut in 12 months, with the announcement that the rate was slashed by 0.25 to 1.75%. This is the lowest cash rate we have ever seen in this country!
In his statement, RBA Governor, Glenn Stevens said, “the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting.” Read more here
The major banks have responded by cutting rates, most of them have passed on the full rate cut.
We can now access rates under 4.2% for owner-occupiers, so it’s the perfect time to review your home loan.
Call me to find out what we can do to save you money!
Tuesday was a very busy day for economists and financial nerds. Along with the RBA cut, the Federal Government released their budget, which had nothing really earth shattering or life changing. Check out this article if you want the headlines.
Whether you need a first home loan, re-finance, investment loans or you’re interested in taking advantage of these historical low rates to consolidate debt, call me!
We’re here to help!
Michael Luca
0405 113 543
michael@lovehomeloans.com.au
