Make no mistake! Interest rates always affect how much you’re paying to enjoy your dream abode. Incredibly far-reaching and essentially set by the Reserve Bank of Australia (RBA), interest rates also influence the how and why of property values across the country. The basics On the first Tuesday of every month (except January), the RBA sets the cash rate for the next four weeks. If this rate increases or decreases and your lender decides to pass on the change, it…
Full Article