Interest Rates Stability: RBA unlikely to move anytime soon
The latest Consumer Price Index figures indicate the RBA have no reason to be increasing interest rates for a considerable time into the future. In seasonally adjusted terms, the CPI only rose by 0.1 per cent.
Many parts of the world economy show some concern with sluggish growth and dropping oil prices, whilst inflation in Australia is as good as it gets, that is, it is not too high, not too low, but just right.
With the domestic economy not being threatened by inflation it gives the Reserve Bank the chance to leave interest rates at low levels for some time into the future, i.e. the medium term.
So there you have it, you can put aside the media noise around interest rates are going to rise and get back to whatever plans you had in mind.
For those of you wanna-be property investors that have been sitting on the fence, it is high time you hopped off and gave us a call to explore the opportunities so you can start creating wealth through property whilst legally reducing your tax.
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