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Cash rate up to 2.85%

Interest rates continue to rise, with the Reserve Bank of Australia this week lifting the official cash rate by a further 0.25 of a percentage point to nine-year high of 2.85%.

It is the second time in twelve years that the bank has lifted rates on Melbourne Cup day, following a move of similar size in 2010, when Americain was the race winner. Back then, the cash rate was 4.75%.

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.

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