As expected, the Reserve Bank of Australia has decided to keep its cash rates at 2.5% for the 6th meeting since August 2013. Economists have unanimously expected the cash rates to remain unchanged, with a rise in unemployment and the economy’s inflation results.
The real estate market has benefited tremendously from this decision and is showing no signs of slowing down. Economists are predicting the rates to increase late this year, with unemployment as a major driver in the increase.
Read more about this on the Property Observer website.