What will interest rates do next month and do you have enough saved for retirement??

So . . . welcome to Winter!

Did you know that it is now only 207 days until Christmas?!

The year is obviously flying and with the election out of the way, some stability in our economy and property markets, the back half of this year looks to be shaping up for an exciting one!

RBA Rate Forecasters Race to Bottom Intensifies With 0.5% Seen

The Reserve Bank of Australia’s signal it expects to lower interest rates this year is setting off a fresh round of forecasts for deeper policy cuts as economists ponder where the lower bound is Down Under.

JPMorgan Chase & Co. on Wednesday said it expects the central bank will have to cut its 1.5% benchmark 1 percentage point by the middle of 2020 in an attempt to achieve the RBA’s inflation and employment goals. That forecast follows projections of a 0.75% rate over the same time frame from Westpac Banking Corp. and Capital Economics.

Interest rate support for the economy, property and financial markets is just around the corner, with Westpac chief economist Bill Evans now predicting the Reserve Bank will cut the overnight cash rate three times to a record low of 0.75 per cent by November.

Make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information!

Troy Gunasekera National Manager

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