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Rates stay low - Reserve Bank Australia

Wednesday, 24 April 2019

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The Reserve Bank once again opted to leave the official cash rate at the 26-month low of 1.5 per cent this week.

Announcing the decision, RBA Governor Philip Lowe remarked that conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low.

"Growth in credit extended to owner-occupiers remains robust, but demand by investors has slowed noticeably as the dynamics of the housing market have changed.

Credit conditions are tighter than they have been for some time, although mortgage rates remain low and there is strong competition for borrowers of high credit quality, the low level of interest rates is continuing to support the Australian economy."
Philip Lowe RBA Governor

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Chris Waterman

Chris Waterman is the principal of Waterman Property Advocates. With more than 30 years real estate and managerial experience in South Australia and the Northern Territory, Chris established the company in response to a real need.

Chris's experience gives him an intimate knowledge of buying, selling and negotiating all types of real estate.

Chris enjoys a balance in life, with horse racing and syndication, wine, cooking, football and cricket in his leisure time.