A fresh start for kids but no change to interest rates
Families across Australia can celebrate a double whammy – the kids are back at school, and the Reserve Bank has kept interest rates on hold.
It’s great news for home owners juggling back-to-school costs and the challenge of getting their finances back in shape after the holiday season.
With inflation remaining steady and continuing sluggish wage growth, the Reserve Bank made a good choice leaving rates on hold.
Elsewhere in the world, many of the developed economies are starting to tick over nicely. Household demand is on the rise, unemployment is falling, and that adds up to good news for Aussie exports and our economy.
With the festive season behind us it’s back to business for most Australians, and that makes now a good time to take a closer look at your home loan. We’re seeing some red hot home loan deals come onto the market, and it may be possible to enjoy a rate cut of your own through refinancing. I encourage you to talk to your Aussie Broker to be sure your home loan is still right for your needs.