RBA Leaves Rate at 3.25% -6/11/2012

The Reserve Bank has left interest rates on hold at 3.25% following a robust inflation reading in September 2012 making yesterday the first Melbourne Cup Day in 6 years that rates have remained unchanged. Whilst there was no further cut in rates, they are still quite low and according to QBE LMI “the affordability of housing is currently at its best level across most capital cities since the first half of last decade”. If you would like us to compare your mortgage, please let us know and we’d be happy to help.