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Interest rates still remain unc...

Interest rates still remain unchanged

In welcome news, the Reserve Bank of Australia decided to leave interest rates unchanged at thier February meeting.

The Reserve Bank of Australia decided that Inflation in Australia was sufficiently under control to warrant leaving interest rates unchanged.

This is welcomed news for all property investors and owner occupiers and will surely be a further stimulus to the continuing imrovement of East Coast markets and protection for the West Coast that is understandably slowing down after two years of tremendous growth.

Australia remains the most stable of interest rate markets with only 2% increase in the base rate since hiting a low point of 4.25% in December 2001.

In the same time, rates in US, UK and other markets have risen dramatically.

This stable environment and continued population growth are at the foundation of the stability of Australian property.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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