Signs that the economy was slowing to acceptable levels in Australia, has prompted the Australian Federal Reserve to leave interest rates unchanged at their September meeting.
This is good news for all property investors as it will keep the cost of holding their property steady.
In recent months, fears of the Australian economy overheating had prompted the Reserve to increase interest rates twice in recent months, each time by 0.25%, however with the effect of these rises and high petrol prices, the desired slowing effect is now being evidenced.
This should ensure that no further rate rises will be necessary in the near future.
Stable interest rates ar an important part of a healthly property market, and the return to a hold position will be a certain stimulus for the improving East Coast property markets.
