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Bank says no change, not yet

We had hoped, but didn’t really think it would happen – and sure enough, the Reserve Bank (RBA) did not lower interest rates this week, leaving the official cash rate on hold at 4.35%.

Despite inflation showing substantial falls since it peaked in 2022, the RBA board says it is still too high and that ‘the outlook remains uncertain’. The Board will meet again in the first week of November but economists are now not expecting any movement before 2025.

We hope you have enjoyed this article. It is our pleasure being your real estate agents in Brisbane.

If you would like any assistance or advice, please feel very welcome to get in touch with our Brisbane real estate agents, Brisbane property management team, or Brisbane buyers agents.

About Adam Nobel

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

adam@hugoalexander.com.au

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.

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