RBA February Announcement
Welcome to the first RBA announcement for 2020. I’ve got some very exciting news! This year is going to be huge for Madd. Along with adding three new team members, we will be opening a north side office in Aspley. Plus we’re up for another award, Broker of the Year again. Thank you to our amazing team and clients! Stay turned for updates on these.
The RBA has just informed us, they have kept the official cash rate unchanged at 0.75%, still a historical low. What are the banks doing? Interest rates are the lowest we’ve ever seen them, they’re all in the 2% range – long-term fixed rates and variable rates. Some banks are even doing up to $4,000 refinance rebates, so the banks are giving US money. Definitely a good time to come in and review your loan.
We’ve noticed with all these low interest rates, a lot of first home buyers in the market and investors are coming back, so our prediction is the market will increase in Brisbane so an excellent time to get into the market.
Well, family and friends. Thanks so much for watching, you take care and we’ll see you next month.