The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that “the global economy is continuing to recover from the pandemic..[and]..the war in Ukraine is a major new source of uncertainty”.
The RBA also acknowledged that inflation had picked up more quickly than expected, however, the decline in COVID-19 infection rates here in Australia and the high number of job vacancies point to a strong bounce-back over the months ahead.
The board re-iterated that they will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. It currently sits at 3.5% according to the RBA website.
When it comes to big decisions about buying or selling in the current market, a property advocate can help you with every step of the process. At Chamberlain Property Advocates, we are here to help. Call us to have a chat about your real estate plans for 2022.
Looking to buy in Melbourne and sick of missing out at auction? Talk to me about how I can help you buy your new home faster, for less.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
To book a free 30-minute consultation, simply click here and choose a time convenient to you. Alternatively, give me a call on 03 9686 2288 to discuss how I can help.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
