Great news for investors today as the RBA has decided to keep interest rates at historical lows of 1.75%. Reading through the RBA commentary we can determine what factors have influenced the RBAs decision not to move. While the labor market is expanding and more jobs are being created, overall wage growth has kept inflation low. This has eased the cost of living for families.
Lower interest are not only good news for investors but also for Australian businesses looking to put money into expansion. Our low dollar means that exports are also looking stronger.
With interest rates so low at the moment and yields so high, it has never been a better time to buy and hold investment property. If you buy the right property at the moment it should be cash flow positive.