The Reserve Bank of Australia has lowered the interest rate again this month to an all time low of 2 per cent. This will be in effect from 6th May 2015.
Many were under the impression that the RBA would refrain from lowering the interest rate so it could have more time to assess the impact of the February rate cut.
However, it appears the Reserve Bank decided the sluggish economy needed an immediate stimulus.
Board members probably also wanted to apply downward pressure to the Australian dollar.
This may not be the last rate reduction of the year: six of the 34 people that Real Estate Business (REB) surveyed forecast that the Reserve Bank would make another reduction on interest rates in 2015.
The team at Ray White Lidcombe has successfully achieved another street record on Saturday 18th May 2024, selling 57 Delhi Street Lidcombe under the hammer for $2,000,000 (cracking the last street record set by the team selling 9 Delhi Street Lidcombe for $1,980,000 in July 2022). Set on a 486sqm level block, this well loved … […]
The highly anticipated Rate My Agent Agent of the Year Awards are the only one of their kind in the industry and based on customer satisfaction. To win means to have secured the highest satisfaction rating across the country – celebrating and recognising real estate agents and agencies that provide truly excellent client service … […]