Where to for interest rates?

After 12 interest rate increases since May 2022 the RBA has put rate increases on hold. With inflation now beginning to ease, the RBA has decided to wait and see for the next month.

This is good news for property investors. Obviously with rates on hold and hopefully decreasing, property becomes more cash positive for the investor.

Most predictions are that we have seen the last of the interest rate increases with rates potentially dropping later on this year or early next year. It is really going to depend on the inflationary figure in the upcoming months. The RBA will need to start to tread very lightly as they do not want to be responsible for pushing the economy into recession.