At its May meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% – despite speculation from economic analysts that there may be at least one, or possibly two RBA rate cuts by the end of this year. However, it seems the RBA has elected to wait until after the Federal Election before making any moves. Meanwhile, the housing price correction continues with all property markets showing falls during April except the ACT, creating some great opportunities for those in the market to buy a home.
Useful Links www.mfaa.com.au
Mortgage and Finance Association of Australia
www.brokernews.com.au
Up to date information and articles relating to the Mortgage Industry.
www.rba.gov.au
Reserve Bank of Australia
www.sro.vic.gov.au
Victorian State Revenue Office. Up to date information regarding stamp duty etc.
www.asx.com.au
Australian Stock Exchange
www.brw.com.au
Business Review Weekly. Up to date information regarding the property and financial industry.