An interesting 12 months with housing prices rising sharply; interest rates remaining steady; end to the Sydney and Melbourne housing booms; CBA and NAB making moves; smaller lenders offering very competitive rates.
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First home purchase potential has risen due to record low interest rates and a shift in the housing supply highlighted by low auction clearance rates (particularly in Sydney and Melbourne).
We see no change in the cash rate at 2.00% with inflation low at 1.5%. Major banks are moving their rates upward despite official rate remaining steady.