With interest rates the lowest in Australian history, we continue to keep a careful watch on economist views through their regular industry updates.
Leading ANZ economists are suggesting that a slow but steady improvement in inflation will keep the RBA on the sidelines through 2017.
Other factors, such as an improved global backdrop and accelerating Australian house prices, are also likely to count against the RBA cutting rates any further.
It is suggested that rates will remain on hold through 2017.
Source ANZ latest report on our website for you to review other insights.
The question often is should you fix or remain variable. Fixed rates are based on the bond market and variable rates are affected by the RBA cash rate. It is often difficult to know what is best and the answer lies in what suits your own financial goals, both short and long term.
With over 30 of Australia’s leading lenders, access to industry updates and experience in the industry, it is worth spending time with one of our Finance professionals to find out more.
Simply contact us and schedule an appointment.