The Reserve Bank of Australia (RBA) has kept its cash rate unchanged at 4.1 per cent for the second consecutive month, providing relief to borrowers nationwide. The RBA has been raising interest rates monthly since May last year, except for April and July. Despite the pause, the cash rate remains at its highest level since 2011, with a year-long increase of 400 basis points.
Buying a house and land in Australia is a major life decision and one that requires careful consideration to ensure a successful investment. Whether you are a first-time homebuyer or looking to upgrade your current property, asking the right questions can help you make an informed choice.