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 »  Home  »  Blogs  »  Interest Rate News - August 2009
Interest Rate News - August 2009
By Gregg Mountford | Published  08/9/2009

The Reserve Bank have again left interest rates on hold at their meeting this month so we can all enjoy historically low variable interest rates for the immediate future.

 

In a recent survey of 7,500 International business people from more than 24 countries, one in five chose  Australia as the country they believed to be best, surviving the world wide economic down turn.

China came in second while India and Singapore shared third place.

Recently released GDP figures also show that Australia is in good economic shape doing a lot better than other countries.

It seems like interest rates are close, if not at the bottom of the cycle, while rental yields are at a healthy level - historically a good time to position yourself in the property investment market.

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