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Monetary policy remains conducive to house price growth, but headwinds could be on the horizon

Posted by admin on October 5, 2021

Today the RBA maintained its current monetary policy settings, with the cash rate target remaining at 0.1%, and the interest rate on exchange settlement balances at 0.0%. Likewise there was no change to the rate of government securities purchases with purchases expected to continue at $4 billion per week until at least mid-February of next year.

The low cash rate target has induced a continued decline in typical mortgage rates, supporting an increase in residential real estate values of 20.3% in the 12 months to September.


Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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