Thought of the week

Despite no rate rise last week the banks may still move as November (Cup Day) is very the RBA will move up 0.25%, call your bank and compare fixed vs. variable, it could be worth fixing a small percentage if the price is right.

The Federal Government’s National Housing Supply Council recently released their second State of Supply report. They estimated the cumulative undersupply of housing stocks in Australia at 178,400 and predicted that this undersupply would grow to 308,000 by 2014.