The doorway to further rate rises has been opened following the weekend's yet undecided federal election.
Though the final result will take time to ascertain, commentators predict the outcome of a weakened mandate by either party in government will mean the likelihood of higher interest rates.
The Australian Financial Review reports that "minority governments make weak economic managers", and the Reserve Bank may have to take hard decisions to curb demand that a government may shirk.
Meanwhile, the passing of the election eases pressure on major banks not to raise interest rates outside the official RBA cycle, in moves flagged for weeks by banks who are seeking to ease funding pressures.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out