Intro

Just a brief introduction of my self, you can all call me Henry, and yes I AM working in the Real Estate Industry and this blog is everything that ranges from Real Estate news, tips strategies to how the Market is actually preforming, so people who are interested in property will find this Worth while following.

Lets just start off with some really recent news of the RBA cash rate.

just a brief explanation of the cash rate from the net:

1. The cash rate is the interest rate charged on overnight loans between banks. Australia uses an explicit inflation target, which in the past has been around 2 to 3 percent a year.

So basically it is how much your money is worth, many who are new to this would ask what does this have to do with Real estate? well they are actually closely related.

Lets put it this way, for the majority of buyers, where do you get your fund from to buy property? Like most people, we get it from the bank through a mortgage, and how do the bank gain profit from the mortgage? Its through the interest rate. and Cash Rate is basically determines what the interest rate the Bank charges, which will affect how much you will repay them over the years and your monthly repayments.

SO the latest news is that the RBA has Decided to hold the rate at 2.0%, for those who do not know who RBA is, RBA stands for Reserve Bank of Australia and they the Government sector that is responsible for Deciding on issues such as cash rate and other services that we will cover in the future.

With the Cash rate at the lowest in decades, So if we look purely at that factor then now is the BEST time to Buy.