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George Page Real Estate | 07 June | 0 Comments

%INTEREST RATE HIKE (YET AGAIN)

The official interest rate was increased on Tuesday from 3.85% to 4.10% after the RBA lifted by .25% with the decision coming after the monthly CPI increased 6.8% year-on-year in April from 6.3% in March.
Due to the CPI increase, the RBA believes further rate rises may be necessary to slow the economy.
This is the 12th increase since April last year and an 11 year high.
It will be very interesting how this latest move affects buyer sentiment and property prices over the next month or so…so far prior to this increase property prices seem to be recovering if not increasing with some record results achieved.
Should you wish to discuss how your property may be affected by this latest move feel free to call me anytime.