Newspaper article The Chronicle (Toowoomba, Australia)

Steady Cash Rate: Spring Savings into Action

Newspaper article The Chronicle (Toowoomba, Australia)

Steady Cash Rate: Spring Savings into Action

Article excerpt

WITH the Australian economy holding up relatively well in the face of global economic weakness and the continuing problems in the Eurozone, this month's decision by the Reserve Bank of Australia to hold the cash rate steady at 3.5 per cent comes as no surprise, says Australia's largest independently-operated mortgage broker, Mortgage Choice.

Buyers shouldn't let the cash rate decision dampen their spirits as there are plenty of positives in the property and home loan markets right now, suggests Mortgage Choice spokesperson Belinda Williamson.

aWith spring here, and the weather well and truly warming up, it is likely that the property market will start to heat up, too. In general, we find that good weather helps drive positive property market sentiment, and we are certainly seeing signs of this already,a Ms Williamson said.

aFor those selling, positive sentiment translates to positive sales.

aAnd for those buying, they won't miss out, with even more properties to choose from. …

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