Hello from LJ Gilland Real Estate Pty Ltd
Interest Rate Watch
The cash rate is 2.25%, down from 2.5% in Feb-15.
The market is currently forecasting the cash rate to fall to 2% by May-15 and 1.61% by Dec-15.
We suspect the Australian property market will continue to notch slightly higher over the course of the year, driven by low interest rates, with Sydney the standout. APRA so far appears unable to rein in the banks’ appetite to lend to investors. The risks however increase the closer we get to the May 2015 budget as Australians are reminded of the challenging economic outlook and the reasons why the RBA is forecast to aggressively lower the cash rate by the end of the year.
Best Regards Linda & Carlos Debello “Your Local Property Management Specialist” LJ Gilland Real Estate Pty Ltd (http://www.ljgrealestate.com.au) PO BOX 19 ZILLMERE 4034 (07) 3263 6085 0400 833 800 (Mob 1) 0413 560 808 (Mob 2) 0409 995 578 (Linda) Confidential email:- The information in this message is intended for the recipient name on this email. If you are not the recipient please do not read, copy distribute or act upon the message as the information it contains may be privileged. If you have received this message in error, please notify the writer by return email. Thank you very much for your assistance in this matter and your co-operation.