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RBA Official cash rates at an historical low

9 May 2013 Nowra 0 Comment

Professionals Clyde Poulton Real Estate have welcomed the announcement from the Reserve Bank today of a further cut in the official cash rate to 2.75%, an historical low from when the Reserve Bank began to announce the official cash rate in 1990.

Karl Poulton, Manager of Clyde Poulton Real Estate says this latest cut, which if passed on in full by the major banks will give confidence to all mortgage holders and assist investment in the Shoalhaven.

Mr Poulton said that new mortgages should start to appear at 5.25% which will be very attractive to first home buyers and investors alike.

New Home and Land Buyers have the added incentive of state government incentives up to $15,000 and Stamp Duty Exemption.

Very attractive land and home prices in Shoalhaven City mean that this is as double bonus to real estate buyers everywhere.

Decrease in cash rate Historical low Professionals Clyde Poulton Real Estate Professionals Nowra RBA official cash rate

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