News

Should the RBA raise the official cash rate?

By Kevin Kelly

Buyers of property in Eaton have been enjoying low interest rates since August 2013, but is it time this came to an end?

The OECD seems to think so, as it's called on the Reserve Bank of Australia (RBA) to take whatever action necessary to help lower property prices up and down the country.

In its latest Economic Outlook, the group explained that the official cash rate needs to be lowered at the start of next year if the economy is going to be able to thrive.

Not only this, close attention will have to be paid to the housing industry as a whole to make sure a bubble doesn't form – potentially pricing some people out of the market.

The OECD indicated that rates should be raised at the start of next year in order for it to have the intended effect.

The RBA hasn't suggested it will be raising interest rates any time soon, so there's still time to secure your next home with favourable rates still in play.

Ray White Bunbury is on hand to help you every step of the way, so why not get in touch and ensure you and your family end up living in the property of your dreams?

Up to Date

Latest News