At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.Confidence has returned to the Australian economy.
There are ever increasing reports of market improvement in most areas of the Australian economy. The housing sector is now in full recovery in most states. This is one of the most important drivers of a modern economy. Not on is it a very labour industry during the construction phase it also has a wide effect on so may other areas of the economy.
These include developing the raw land, to building the dwelling and then to the occupier furnishing the property. Property prices are increasing in most States with no indications of anything apparent that will cause a downturn. Property investors can therefore look forward to increasing profits from those investments.
