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RBA Update June 2018

The cash rate has now been at 1.5% for 22 months in a row and it's another 'hold' from the Reserve Bank (RBA) today.

In his statement today Philip Lowe, the RBA Governor, said that 'The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.'

I wrote yesterday that houses in Sydney & Melbourne are increasing dramatically and that Geelong is on it's way. See the post here.

It's a great time, while rates are still low, to be debt reducing or saving :)