More Good News For First Home Buyers

First Home Buyers were once again winners as the Reserve Bank announces a lowering of the cash rate by .25 basis points down to 1.25 per cent. In their announcement the Reserve Bank stated that the outlook for the global economy remains reasonable with some potential risk associated with the trade dispute.

Initial market reaction suggests that several banks are likely to reflect the full reduction in their interest rates which is good news to anyone looking to purchase their first home.

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