Brisbane's sales market, property taxes and rates etc

Useful Facts Without Opinions: Interest Rates

A picture can tell a thousand words – or in this case – show you what 71 changes looks like! That’s how many times Australia’s official cash rate has been tweaked by the Reserve Bank since January 1990 and yesterday’s cut to 1.75% marks another historic new low. (It’s the tiny dip at the end of the line!) Many of you will remember the rates from 1990: the official mark was 17.5% and it wasn’t unusual to see 20% plus as the number on your loan offer. We’d love to hear your thoughts on the latest change, the first in one year. What might it mean for the real estate market?

interest rates