Another month, another reserve bank meeting. The Reserve Bank has cut interest rates for the first time in almost seven years. This time they have decided to drop interest rates by 0.25%. Hopefully the lenders will pass this on to all of you with variable loans as quickly as they increased them in the past. It looks as though we may now be entering a falling rate cycle for a little while, lets hope it continues for some time.

Everyone knows the property market goes through cycles - I personally believe that there is more money to be made purchasing in a flat market  than there is in a peak market. Being able to identify the market's current position in the property cycle allows you to strategise more effectively. Remember to always position yourself for success. As you all know, I buy and hold for the long term.