Low rates have allowed many Australians to enter the property market, however borrowers should remember that interest rates will inevitably rise and they should not overreach themselves.
No further rate cut at today's board meeting.
Sydney's property market presents the RBA with a two-speed economy dilemma.
CBA offering its lowest-ever fixed mortgages.
This rate cut was the right decision to make taking into account the slowdown in the resources sector.
RBA reduces official cash rate to 2.25%, the lowest level since the late 1950s.
A cut in the cash rate will be very important in boosting consumer and business confidence.
With inflation under control and a slow down in housing finance, the RBA Board should consider a rate cut.
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