If Dorothea Mackellar was here today she might replace her famous poetry line about “ragged mountain ranges” with one about the country’s home price ranges. Just like our natural geography, the nation’s property landscape is one of contrasts.
We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Adam, and he has won a $500 Bunnings voucher. Congratulations Adam!
The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with it now being two years since the last rate move. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.