The RBA has left the cash rate on hold at 4.35%.
With you on your property journey
Will the RBA alter the existing monetary pivot in its first policy meeting of the year? And what does this mean for you as a potential home buyer, existing homeowner or just anyone keenly observing Australia’s fiscal prospects?
As we step into 2024, it’s time to take control, welcome financial stability, and set a path for a future free from the stress of mortgage worries. Let’s take a look at five fundamentals that will enable you to better manage your home loan this year.
CoreLogic has released its “Best of the Best” report for 2023 identifying the top-performing suburbs and regions for house prices and returns, whilst giving insight on how Australia’s property market will shape up in 2024.
The RBA board has decided to hold the official cash rate at 4.35% in the final board meeting of 2023.
In somewhat positive news for mortgage holders and Australians, annual inflation fell to 4.9% in the 12 months to October, a significant decrease from the year to September, where inflation was 5.6%. It’s a long way from the peak of inflation in December 2022, which reached 8.4%!
If you want to buy before you reach that 20% mark then you can absolutely and completely get a loan with a smaller deposit. Let us show you how!
The RBA has delivered an increase of 0.25% to the official cash rate, leaving it at 4.35% for November.
The predicted cash rate hike to 4.35% next week would be a blow to mortgage holders and prospective home buyers.