As was widely expected the RBA have this month decided to leave interest rates on hold.

The full link to the RBA announcement is below if you would like to read it.
Click Here

The recent developments in the Australian Market indicate that the property market is getting ready for a comeback:

1. The Australian dollar is now hovering at parity with the US dollar.
   
2. There is an increased chance of an interest rate cut and lending policies are beginning to loosen a bit.
   
3. Rental returns on investment properties are very strong and are increasing.
   
4. Number of properties on the market has been decreasing.

Nice and short this week.

Until next month keep well.

Regards,

Gregg Mountford

Negotiator Finance