What a year it’s been. Property prices have soared in some areas, fallen in others ; and investor lending rates have climbed despite the official cash rate holding firm.
The cash rate stays on hold in time for Christmas.
In an unsurprising move, the Reserve Bank of Australia has kept the official cash rate on hold at 1.5% in November and indicated that there will be no change for some time to come.
The Reserve Bank left the cash rate on hold in September for the 13 consecutive month at 1.5 per cent, despite economic signs improving across a range of sectors.
Once again, the RBA has held the cash rate at 1.5 per cent today as the economy continues to grow moderately, the inflation rate sits in its target range and unemployment remains steady.