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RBA: Cash Rate Remains Low For Remainder of 2013

By Ben Faulks

The Reserve Bank of Australia (RBA) announced yesterday (December 2) its decision to retain the official cash rate at the historically low level of 2.5 per cent, which could highlight a great opportunity to secure Belconnen real estate in the near future.

After being dropped in August, the cash rate has been affecting home loan interest rates across the nation, providing people with the confidence and the means to achieve their own property goals.

Loan Market Director Mark De Martino said the decision to retain the cash rate was the best one to make, with home buyers being the huge winners over the last few months as the economy begins to strengthen and grow.

"The property market should continue to recover and set new highs. Investors are carrying the recovery right now but its only a matter of time before we see first home buyers return," said Mr De Martino in a December 3 statement.

If you're considering purchasing houses for rent in Belconnen in the near future, now could be the perfect time to seriously consider your home loan options and begin looking into the local real estate market for potential properties.

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