Wednesday, January 18, 2012

Next Interest Rate Decision in February

The Reserve Bank of Australia makes monetary policy announcements every month except for January. This is why we did not have an interest rate announcement this month from the RBA. Most economists believe that the RBA will still continue to drop the cash rate in February's decision expected on the 7th February 2012. This is because issues with Europe's banking sector continues to haunt consumer and business confidence around the world and as a result, people are not as willing to part with their money.

 Some commentators have recently made predictions that 2012 will be the year that the Australian housing market turns around. Some are forecasting a national uptrend of 5% but there are doubts about whether WA will be part of this.

So are you looking for a house and what factors do you look at when choosing a suburb in Perth? Leave your comments below

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