+ Rates on Hold [ BUT for HOW LONG.? ]

8 Oct

As Michelle Bullock (newly appointed Governor of the RBA) delivered her 1st Interest Rate decision this week since she took over from Phillip Lowe (AKA: The Interest Rate Terminator), who hopefully WILL NEVER BE BACK! She chose to HOLD the interest rate for a 4th consecutive month at 4.1%, where it has remained since June'23.

However, Ms Bullock didn't rule out further rate hikes in the months ahead after the rising cost of living, petrol prices, rent, and services costs pushed inflation from 4.9% in July, up to 5.21% in August.

The majority of financial indicators around inflation, still suggest a good easing of inflation, however, one more sting in the proverbial tail of the interest rate scorpion may be necessary to ensure inflation rates come back into the RBA's target range of 2-3% and Australians can finally enjoy some relieve from the daily and weekly costs of living..

To catch the FULL ARTICLE from Benn Dorrington, CLICK HERE or HIT the IMAGE below..

From myself and the team, we look forward to 'Helping You Find Home.'

This Week We Cover

Rates on Hold [ BUT for HOW LONG.? ]
What's Coming, what's New, what's Sold
Property of the week
SOLD Property of the Week
Auction results & clearance rates
Your suburbs sold results
Get your instant property price online
Quote/Event of the week

+ Coming + New + Sold

C+M's Coming Soon:

5 Gosford St, Broadmeadows: Coming Soon..
125 John St, Glenroy: Coming Soon..
2/34 Harold St, Glenroy: Coming Soon..
62 South St, Hadfield: Coming Soon..
3 Maher St, Fawkner: Coming Soon..
14 Justin Ave, Glenroy: Coming Soon..
210/15 Pascoe St, Pascoe Vale: Coming Soon..
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