Latest RBA announcement
What the experts say
James Symond's commentary on the October RBA announcement
Aussie's CEO shares his thoughts about the on-hold decision.
The Reserve Bank has left the cash rate on hold in October at 1.5 per cent as the property markets of Sydney and Melbourne continue to cool down after a solid period of growth.
The RBA remains concerned about household debt levels and their negative affect on retail spending, which has prompted the holding of cash rates for the fourteenth month in a row.
While rates continue to remain low, some experts are predicting they will start rising again in 2018, which is a sign that now may be the time to do a home loan health check with your broker to see if there’s a better rate available for you now.
A free visit to your Aussie Broker could be the best investment you make in 2017 to set you up for any change in conditions next year.