Interest rates to boost economy: RBA

It’s been over a year that the interest rates have been pegged to a record low 2.5%, yet Reserve Bank Governor Glenn Stevens is convinced that investment levels have yet to reach their full potential, calling the current levels “below par” at a recent announcement at the  House of Representatives Standing Committee on Economics.

Banks have been more than willing to lend – a positive indication that more activity is expected from the property sector. Despite a high unemployment rate, the current net worth of households have increased by $120,000 over the past 2 years. Mr. Stevens describes the housing sector “strong” with “robust prices” making it an ideal investment choice.

Read more about this on the Adviser website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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