BUDERIM market news

Well, the RBA certainly surprised us by holding the cash rate at 3.5%.

While economic growth is still sluggish, the RBA want to be convinced that inflation will remain within target before they ease monetary policy.

This rate hold will allow a bit more time to test the June quarter inflation and employment figures.

That said, in spite of the July hold, the lower rates have already boosted household borrowing power by approximately 5% which translates into Buyer demand, which in turn continues to fuel property price growth.