The RBA leaves cash rate on hold at 2.75%

This is the second month that rates have been left on hold. Many economists have tipped rates to drop in the month of August and go from 2.75% to 2.5%. Some property commentators have forecast that this is an opportune time for those getting started in property investment because while rates have come down, property has been showing positive signs.
RP data said that housing values have increased 3% across the national for the first half of 2013 and residential property sales are up 13% on the previous 3 months to April.