Category: on hold

Rate cut provides Christmas relief for property buyers and mortgage holders

 

At its December meeting held in Sydney last week, the Reserve Bank of Australia elected to cut the official cash rate by 25 basis points to 4.25 per cent.  This was the second consecutive cut to rates made by the Reserve Bank, after a year of keeping rates on hold at 4.75 per cent. 

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0 comments | Posted by CENTURY 21 Unlimited on 12/12/2011 at 2:14 PM | Categories: Rates - on hold - down - Century 21 - Buying - Purchasing - real estate - RBA - Selling -