RBA’s record interest rate cuts have buyers buzzing in Townsville

The Reserve Bank has cut the official cash rate for the second month in a row, with focus now shifting to the response from the mortgage market. The Reserve Bank of Australia (RBA) has cut the official cash rate to a new record low of 1 per cent, in line with the expectations of most industry pundits.

RBA’s record interest rate cuts have buyers buzzing in Townsville THE Reserve Bank of Australia’s highly anticipated announcement of a historic rate cut has the townsville property market buzzing, with first home buyers gearing up to pounce, and investors expected to get back into the local market. yasmin bonnell, Townsville Bulletin

In the face of slow economic growth, the Reserve Bank of Australia (RBA) has cut the official interest rate for the first time since August 2013, in a move to stimulate business activity and encourage household spending. The RBA has cut the 2.5 per cent cash rate by 25 basis points to a new record.

2 Myths Holding Back Home Buyers 4. I should put off my life goals until I can afford them (having kids, going back to school, etc.). This really depends on your personal financial situation. For example, "If you’re having trouble.

Having just days earlier prepared to recommend his nine-member board approve a 50-basis point rate cut, Stevens sought the advice of his closest colleagues one final time. On the morning of October 8,

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THE Reserve Bank of Australia’s highly anticpated announcement of a historic rate cut has the Townsville property market buzzing. government programs have our phones and emails going off.” Phillip.

RBA’s record interest rate cuts have buyers buzzing in Townsville RBA’s record interest rate cuts have buyers buzzing in Townsville THE Reserve Bank of Australia’s highly anticpated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers. been something we’ve been wanting to do for.

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– Advertisement – First homebuyer Ashley Millar, 25, was pre-approved for a variable rate home loan on Tuesday with Suncorp. WITH the local property market buzzing after the Reserve Bank’s historic interest rate cut, attention has turned to lenders and how much they are passing on to borrowers.

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THE Reserve Bank of Australia’s highly anticpated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers gearing up to pounce, and investors expected to get back into the local market.