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Rates lowest ever

In a move that surprised nobody, the Reserve Bank of Australia this week again opted to leave the official cash rate at its record low 0.1%.

Most lenders are now offering between 1.8% and 2.5% on both fixed and variable rate loans, so if you are still paying interest that was set several years ago, it might be worthwhile talking to your broker about refinancing. Remember, though, to take into account any possible exit or application fees, as well as checking comparison and ‘honeymoon’ rates.

About Adam Nobel

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, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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