Property investors got an early Christmas present when the Reserve Bank of Australia decided to keep interest rates unchanged.
The Reserve Bank (RBA) gave Australian homeowners and buyers a welcome early Christmas gift this week when it left interest rates on hold, keeping the official cash rate at 6.25 per cent.
It was not unexpected. When the RBA raised rates last month, Governor Glenn Stevens indicated in his report that the Board would wait and see what impact the three rises this year - in May, August and November - were going to have on inflationary pressures.
The Board next meets in February, 2007.