The Reserve Bank of Australia leaves the cash rate on hold at 1.5 per cent

RBA rate hold: 1.5%

CENTURY 21, a real estate organisation with over 100,000 staff in 78 countries, believes that the Reserve Bank of Australia’s decision to leave the official cash rate on hold may encourage Australians to assess the strength of their financial position.

Charles Tarbey, Chairman and Owner of CENTURY 21 Australasia, believes that whilst rate rises may not be on the immediate cards, it is likely the next change will be upwards.

“It may be too early for a change now however Australians should factor in this possibility if they are evaluating their financial commitments,” said Charles Tarbey.

“For those looking to fix their loans, they may be wise to only fix a portion of it and continue to make reductions on their debt.

“A forward thinking approach to paying down mortgages may help Australians to withstand the impacts of any upward movement that may occur in the mid to long term,” said Charles Tarbey.

According to CoreLogic, dwelling values edged 0.2 per cent higher across Australia over September, led by a 0.3 per cent rise in capital city values and a 0.1 per cent gain across the combined regional markets.

CENTURY 21 encourages potential buyers who are looking to purchase real estate to ensure they have obtained the appropriate professional property and finance advice before doing so.

With over 3,000 offices, CENTURY 21 is the largest real estate sales organisation in the Asia Pacific region, a region vital to Australia’s continued economic success.

Posted by Administrator on 03/10/2017 at 2:31 PM | Categories:

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