The Australian Federal Reserve Bank has once again decided to leave interest rates unchanged, with the official Australian Cash rate remaining at 5.5%.
The decision will be welcomed by all property owners, occupiers and investors alike, and means that rates will remain as they are at least until the next meeting scheduled in February 2006.
The Australian economy has remained steady giving the Reserve Bank sufficient confidence to leave rates as they are, despite other countries around the world continuing to increase their rates.
The difference between Australian rates and the US have narrowed significantly in recent months, and with the continued strength in the Australian currency, now suggests that Australian interest rates are probably at their best relative level in many years.
It is difficult to predict the future intentions of the Reserve Bank, but many analysts are predicting that rates could remain unchanged for the foreseeable future, creating further confidence in the Australian property market.
The decision will be welcomed by all property owners, occupiers and investors alike, and means that rates will remain as they are at least until the next meeting scheduled in February 2006.
The Australian economy has remained steady giving the Reserve Bank sufficient confidence to leave rates as they are, despite other countries around the world continuing to increase their rates.
The difference between Australian rates and the US have narrowed significantly in recent months, and with the continued strength in the Australian currency, now suggests that Australian interest rates are probably at their best relative level in many years.
It is difficult to predict the future intentions of the Reserve Bank, but many analysts are predicting that rates could remain unchanged for the foreseeable future, creating further confidence in the Australian property market.
