Interest Rates Remain on Hold
Andrew Lowy
Simplified Business Solutions - Let us help you eliminate your business pain points and optimise process workflows quickly and efficiently.
Interest rates have been on hold since May 2015 and again today the Reserve Bank has decided to leave official interest rates at the record low of 2.0 percent.
Recent economic data shows a decrease in activity in Australia. International markets including the USA have had disappointing growth figures therefore there is no pressure to increase their interest rates.
The Sydney and Melbourne real estate market are seeing prices falling by record levels over the last quarter. Melbourne growth rates were very low up until the end the 2015 with other capital cities prices most likely to be flat at best.
Australia may see further interest rate cuts due to what is most likely going to be a very tough federal budget.
In summary:
- Sydney and Melbourne housing boom has ended
- Negative Economic outlook
- Interest rate cuts expected later this year
- Rates will remain flat for most of 2015
Andrew Lowy – Real Estate Solutions Architect