The news is all good for those of you in the market to purchase property in 2015! At its first meeting for the year, the Reserve Bank of Australia (RBA) decided to cut the official cash rate by 25 basis points, bringing it to a record low of just 2.25 per cent.
Rates had been on hold since August of 2013, creating a very low interest rate environment which stimulated property markets across Australia throughout 2014. With this most recent rate cut, we can expect our property markets to perform very well again this year, with investors and home owners looking
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