Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128
E: enquiries@morpheusproperty.com.au
W: www.morpheusproperty.com.au
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02 December 2008

Reserve Bank of Australia cuts interest rates by a full One Percent!


The Reserve Bank of Australia has reduced their official cash rate by a 100 basis points or 1%. A minimum drop of 0.75% was widely expected, with some economists predicting a smaller, 0.5%.

The early RBA Christmas present to Australians reduces the official cash rate to just 4.25%. The cash rate was last this low for Christmas of 2001. Rates could further reduce into mid-2009, with some pundants saying the cash rate may reach 3%; a level not seen since March of 1960.

Yours in Property

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