The Australian economy is within the levels that the Reserve Bank sees as desirable, prompting them to leave interest rates unchanged once again.
With Oil prices starting to stabilise, inflation at the upper end of RBA estimates and unemployment still at historically low levels, the overall conditions in Australia dictate a "steady as she goes" course.
This gives great long term confidence in the financial stability of Australia, and should provide further encouragement for the property markets accross Australia, and particularly in the East Coast, to maintain their rising values.
For overseas invetsors, this should be a stable trend we can look forward to in the short term, as we may have seen the last of the rate rises behind us.
Long term fixed rates have started to decline, perhaps suggesting that the money markets remain confident of steady if not declining rates.
With Oil prices starting to stabilise, inflation at the upper end of RBA estimates and unemployment still at historically low levels, the overall conditions in Australia dictate a "steady as she goes" course.
This gives great long term confidence in the financial stability of Australia, and should provide further encouragement for the property markets accross Australia, and particularly in the East Coast, to maintain their rising values.
For overseas invetsors, this should be a stable trend we can look forward to in the short term, as we may have seen the last of the rate rises behind us.
Long term fixed rates have started to decline, perhaps suggesting that the money markets remain confident of steady if not declining rates.
