Interest rates on hold: what does it mean for the property market?
It seems that interest rates could stay lower for longer, which is good news for the property market, mortgage holders in particular. But the outlook is less certain for first-home buyers.
As we face uncertainty on the political front this will definitely make it increasingly difficult to manage the economy moving forward, but the future leadership will need to take responsibility for supporting the economy.
These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.
