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Good news for homebuyers as cash rate remains unchanged

By James Brown

There are various factors you'll need to take into account when applying for home loans in Caboolture​, and the current interest rate environment is just one of them.

You'll no doubt have noticed that the official cash rate has been at an all-time low of 2.5 per cent for some time now, bringing just the right conditions for anyone who wants to buy a home of their own.

It's recently been announced that the rate will remain at this level for another month at least, which will work in favour of anyone with their sights set on Caboolture real estate.

The Reserve Bank of Australia said rates have been down for many buyers over the past few months and, in some cases, have declined even further.

Searching for a competitive home loan is the first step to getting your property ownership dreams off on the right foot.

It's therefore essential that if you're hoping to secure the best rate on your home loan that you act quickly – there's no guarantee how long the cash rate will remain at this level for.

RBA Governor Glenn Stevens hinted that a change might not be on the cards just yet, but there's just no telling when rates will start to rise again.

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