In October 2019, The RBA Cut Rates to 0.75%…. Let’s Look at Why.
Here are some of the reasons behind the latest interest rate reduction:
GDP is growing but at the slowest rate in 10 years
Australia is caught up in the global slowdown – US, China &
Europe are reducing their interest rates
Despite strong jobs growth – the unemployment rate is 5.2%
But it’s not all bad news and there are plenty of reasons to be positive about Australia’s economic future:
Owner occupier lending is up – fastest growth since 2015!
Investor lending has spiked and First Home Buyers are back – taking up 19% of the total market – a 7.5 year high!
Population growth for the past decade is 370,000 people – up from 217,000 last decade – 70% increase!
The lower AUD is great for exporters & miners
The economy is still strong and Australia is nowhere near a recession – despite what the media is saying!
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Bluebird Property Partners is a Brisbane-based development management and advisory company, specialising in the delivery of multi-residential and mixed-use projects.