With the election still undecided it comes as no surprise that the RBA has left rates on hold, as predicted by many in the media. Though it will be interesting to see the minutes of the meeting to see what was discussed.
With the election result still undecided we have a few client s waiting to see the changes to negative gearing (if any). No doubt this would have to been a topic of conversation today and will probably continue into the future.
So what does this mean for your mortgage right now? not a lot really. At Mortgage Advice we always suggest taking a look at the market and seeing if you can get a better deal. Fixed rates are still lower then most of the variable rates which tends to point in the future direction of rates being downward in the banks eyes. Though no one ever really knows until the reserve bank lets us know. Till the election result is result is released I think many people will be waiting to see with a little bit a apphrension.
But let us know if you would like a quick chat.