Interest rates

Where to with Interest Rates? - An Update 24 October

The consumer price index (CPI) rose by 1.2% in the September quarter.  This makes the current annual inflation rate 2.2% which sits favourably within the RBA’s target range of 2% to 3%.
  For housing, the increases in this quarter were:
      Water and sewerage: 9.9%

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Where to with Interest Rates?

Interest rates are at a historic low.  Great news for prospective real estate buyers, whether they are investors or home buyers.  Lenders are increasingly competitive, with 73% of lenders offering loans that require a low deposit of 5% and less in some cases.  This figure stood at 49% in 2010 (research by RateCity).

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