“The Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. For this to occur, wages growth will have to be materially higher than it is currently.
This will require significant gains in employment and a return to a tight labour market. The Board does not expect these conditions to be met until 2024 at the earliest.”
This news means investors can service their loans at the same low rates – and have a bit more time to take advantage of investing opportunities.
Finally, Melbourne is slowly coming back to life after its long, strict lockdowns last year. And the Property Council of Australia has begun an initiative promoting 4pm knock-offs. They’re calling it Fab Fridays.
FAB FRIDAYS IN MELBOURNE
Its aims? Attract workers back to the office. And reignite the excitement of being in the Melbourne CBD in a COVID-safe way.
Incentives: Morning yoga, discounted food and coffee – and possibly free public transport.
P.S. Have you been researching property for a while and want to put that research and knowledge into an action plan so you don’t fall victim to procrastination? Book in for a call back next week.
IFP Advisory is a qualified member of the ASPIRE Advisor Network. ASPIRE is an industry leading network of qualified, experienced and ethical Advisors who provide quality,unbiased investment advice to their clients and assist them in facilitating the acquisition of appropriate assets.