The Governor of the RBA has revealed that the cash rate is not expected to increase until 2023, at the earliest.

So, what does this mean for you ?

Well, it does present an opportunity to review your Home Loan b ut take your time and carefully consider your circumstances. Using a mortgage broker is one way to ensure that you get the best advice for those circumstances. A mortgage broking service saves you time and effort as the advisor will run the figures for you, anticipate what the banks will want to consider in any application proposal and find the most suitable lender for you.

See here for more on what the Governor had to say - and contact Andrew Forsyth (andrewf@perrierryan.com.au) if you're wondering what might be possible and beneficial for you.