Will The RBA give us a rate cut….??? The expectations are that next week the Reserve Bank could award us with an ¼% interest rate cut. We all know that we need this to help the market to pick up..
Most of the pundits are saying that the RBA will start cutting rates from the middle of the year. Retail sales growth had softened since mid 2011, and the rising growth in employment.
Now with the prospect of a slowing Chinese economy, the rest of Australia will feel the slow down, the time is right for a cut.
Myers Chariman and former RBA member, Solomon Lew has blasted the RBA for its handling of the mining boom, saying its board lacked an understanding of the Australian economy and needed to slash interest rates by as much as 75 basis points to revive sputtering growth across the eastern seaboard.
Locally our Redlynch office is having the best month for about three years, I have personally done contracts on 6 properties this month, our Redlynch rental department has great response to all of the Redlynch homes that are available to rent, they all attract more than ten groups at the first inspection and are rented out from those inspecting. Ironic or not, business is getting better