The latest inflation figures point to interest rates remaining at their current all-time low for the foreseeable future, analysts claim.
The Consumer Price Index rose 0.8% in the final quarter of last year, and overall inflationary pressures remain modest, said HIA senior economist Shane Garrett.
Underlying inflation (the Reserve Bank’s preferred measure of inflation) was up by 0.9% in the December 2013 quarter with the annual rate sitting almost exactly in the middle of the Reserve Bank’s target range.
“Today’s figures add further fuel to the notion that interest rates will remain at all-time lows for a considerable amount of time to come,” said Garrett.
“There is no justification to depart from current settings while inflation is under control and while economic growth continues to be below trend.”
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
tweed heads south
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