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  • 28 Alvina Street, FERNTREE GULLY  VIC  3156

    28 Alvina Street, FERNTREE GULLY VIC 3156

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    2/24 Flower Street, FERNTREE GULLY VIC 3156

  • 16 Como Close, CROYDON  VIC  3136

    16 Como Close, CROYDON VIC 3136

  • 1/31 Alma Avenue, FERNTREE GULLY  VIC  3156

    1/31 Alma Avenue, FERNTREE GULLY VIC 3156

  • 3 Grevillea Avenue, BORONIA  VIC  3155

    3 Grevillea Avenue, BORONIA VIC 3155

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(03) 9800 0700

Email: wantirna@hillre.com.au

   

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Jul 2nd, 2013 

Rates Stay on Hold at 2.75%… for the moment

Posted By Darren Hill in Blog

Not surprising, the RBA has decided to keep the cash rate ON-HOLD today in their monthly meeting – meaning that homeowners will have to face another month of interest rates at their current levels. This does not come as a surprise as in line with our findings last week – most economists predicted that that a rate cut was unlikely given the present state of the economy.

Although conditions are being worsened somewhat by the recent sharp slide of the Australian dollar – highlighting a growing lack of confidence in our economy with interest rates predicted to fall further – the move to reduce interest rates is being viewed as a last resort by the RBA with rates already at historical levels. Furthermore, although improvements in consumer confidence data and housing approvals were not what the RBA expected following its other policy decisions this year – there is still a little bit of further room for results to deteriorate before any action is required.

 

Darren Hill
Director/OIEC Wantirna Office
9800 0700
Email
Darren has lived in the local area for over 20 years. Darren Hill the director and founder of Hill Real Estate himself entered into real estate in 1990. The passion for meeting people and helping people is still Darren’s driving force. After starting his career in franchise companies as an awarded salesperson his vision to be a truly independent agent was shortly realised. His continual drive to improve with a prominent central position are the ingredients to achieve the most respected agent in the City Of Knox/Foothills. Darren believes a career in real estate is rewarding for the people you meet who welcome you into their lives and the sobering experiences and maturity gained from those relationships. Darren is a Past President and current active member of Rotary Club of Knox and received a Paul Harris Fellow in recognition of service. Darren’s passions are his family and motor racing. To experience the Hill Real Estate difference please contact Darren on 9800 0700.
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