In their second rate decision for 2013, the Reserve Bank have kept the cash rate on hold at 3% – making this the third consecutive month that the rate has been this low.
At its board meeting this afternoon, the Reserve Bank opted to keep rates on hold.
The official interest rate remains at 3 per cent.
The move was largely expected after comments from the Reserve Bank Board’s governor, Glenn Stevens, revealed that the board was comfortable with the current rate settings.
The Reserve Bank has slashed rates by 1.75 per cent since November 2011.
The decision to keep rates on hold comes as the real estate market has been buoyed by increased buyer enquiry and a solid start to the auction season.
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👏👟 Congratulations to all involved in this year’s Steptember challenge! 🏆 With countless steps taken and a significant amount of money raised, all involved truly made a difference. 🙌 The dedication to both physical activity and supporting those with cerebral palsy is truly inspiring. 🌟 Amazing work everyone 💪 💰 … Read more
Today we welcome Bridget’s return to our Cranbourne family as our New Business Department Manager. With over 15 years experience in property management we are excited to have her lead this fairly new department of our business to success!