Own an investment property? Discover your profitability score and grow your wealth faster. TAKE THE TEST

← Back

Bah humbug, says bank

No Christmas gift for borrowers from the Reserve Bank of Australia this week, with the Board again lifting the official cash rate, this time by 0.25 basis points to 3.10%.

It was the eighth straight rate rise since May, when the bank started lifting the cash rate from the record low 0.1% where it had been for the previous 16 months.

The move takes the cash rate to its highest level in ten years, since November 2012 when it was 3.25%. The rise will add a further $75 to monthly repayments on a 25-year, $500,000 home loan.

About Adam Nobel

CEO | Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA


0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

Google Rating