The Reserve Bank of Australia have recognised the need for a rate cut, what will the Banks do?
All banks have been under pressure to lend, but when it comes to finally lending they seem to looking for any reason not to, scrutinising loans and only picking the most wanted.
Bank of Queensland are first to make the call officially reducing 0.35 passing on the majority of the reduction.
Mr Morgan for Harcourts Bunbury went on to say “This is great news for existing home owners, it will be interesting…

Real estate office, Harcourts Bunbury has recently merged with long-established local agency, Teede Realty to create a new super office.
With Christmas and the festive season just around the corner, the Reserve Bank made the announcement today of a 25 basis point reduction.
Seasonally all real estate agents will tell you that Spring is the time to sell.
There is no question about it, there is a great deal of uncertainty in the global markets and this couldn’t be more evident that what we are seeing in the share market place at the moment.