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Interest Rates to Remain Steady Following Inflation Rate Retention

Interest rates are expected to remain low into the remainder of 2014, following the release of data by the Australian Bureau of Statistics that indicated the national inflation rate has remained within the established Reserve Bank of Australia (RBA) threshold.

The weighted median for inflation over March was measured at 2.7 per cent, which is within the Reserve Bank of Australia’s set target of between 2 and 3 per cent. Housing Industry Association Senior Economist Shane Garrett said the figure corresponded the recovering residential figures being seen across the nation, which could indicate a great opportunity for investment in Bulimba real estate.

“The bottom line is that interest rates are likely to remain at very low levels for some time to come. This is good news both for existing homeowners and for those considering purchasing their home,” said Mr Garrett in an April 23 statement.

“A combination of low and stable interest rates is also welcome from those operating in the housing industry, particularly small businesses.”

With interest rates expected to remain low, securing a competitive home loan for houses for sale in Bulimba could be a great move to make for you and and your family’s future.

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