Posted on March 19, 2013 · Posted in Finance Blog

The RBA Deputy Governor Phillip Lowe today went on record saying the Australian economy is doing “pretty well”. House prices are rising, mortgage growth is evident, auction clearance rates have increased, share prices have surged and consumer confidence is growing. Since the start of 2010 half a million jobs have been created and the unemployment rate remains at 5.4% which is still historically low.

What does Samuel Finance think?…. Its a great time to be thinking of buying a home or investment property! Property prices are low and forecast to grow over the next 12 months and beyone. Interest rates are at historical lows (and judging by the RBA’s comments won’t stay there for long). Rental vacancy rates are at historical lows. All the signs are positive!

About the Author

Greg Samuel has worked in the finance industry for over 13 years. He has worked in Corporate, Commercial and Rural Banking and now uses his skills to help his clients as a finance consultant and broker.