What a time it is to be an Australian!

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I know I am paraphrasing our Prime Minister a little. But, with interest rates at record lows and economic growth holding up, it’s never been easier to manage loans.

The Reserve Bank’s cash rate is now at 1. 5 per cent. This is below the rates that Australians have faced in any of the lows of the past 50 years.

But, unlike with previous lows, making loan repayments is much easier as our economy is growing at a healthy 3.3 per cent. And unemployment is at a 37-month low.

And, in a recent speech, the Reserve Bank indicated that it thought the economy was going to get stronger. It said that we are now three-quarters of the way through the mining slowdown and that, as a consequence, at some point the resources sector pick up.

In addition, the non-resources parts of the economy continue to grow.

Has there ever been a better time to have a property loan?

record low interest rates

 

Graeme Salt Chan & Naylor Finance

Graeme Salt – Chan & Naylor Finance

Want the best low interest rate investor loan out there? We can find one that’s right for you. No-obligation free call: Dial 1300 306 868 now, or leave us a message and we’ll call you back.


Disclaimer: This article contains general information; before you make any financial or investment decision you should seek professional advice to take into account your individual objectives, financial situation and individual needs. Click for more detail regarding this disclaimer.

One response to “What a time it is to be an Australian!”

  1. Phillip Barcham says:

    Hi:We are paying 4.10 percent p & I loans on 3 properties with Nab.Can we do better elsewhere?Regards Phillip.

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