RBA Decision June 2017

The Reserve Bank chose to keep the Official Cash Rate on hold for the tenth month in a row.
NO CHANGE 0%
NO CHANGE 0%
NO CHANGE 0%
NO CHANGE 0%

In the past this would be greeted with cheers and applause but these days the Banks are doing their best to make the Cash Rate an outdated and ineffective tool.

The Banks are increasing rates at will, targeting investors in particular, citing funding cost pressure and the Regulators scrutiny on Interest Only Lending.

There is no doubt in our mind that ordinary Australian Mum and Dad investors are suffering from the Banks never ending chase for profit.

The Governments Bank Levy is one example of how the excess is being seen by Canberra.

Many investors are feeling nervous and unsure what they should be doing in this environment. We will be addressing this issue in our Investor Update in July. You can book your seat for this important event here:

SYDNEY JULY 19
 
MELBOURNE JULY 26

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Investors Direct Financial Group

Investors Direct Financial Group (IDFG) was established in 2001.
Our mission is to help our clients achieve and maintain their financial freedom.

Members of the IDFG Group include:
  • Nanmon Financial Services Pty Ltd, trading as Investors Direct Financial Group (ABN: 52 097 697 820 ; ACL: 402950)
  • ID Property Advisory Pty Ltd (ABN: 69 141 716 412 ; Real Estate Licence: 071792L)
  • Investors Direct Financial Planning Pty Ltd(ABN: 50 141 139 228 ; AFSL: 385827)
  • Investors Direct Property Management Pty Ltd (ABN: 59 153 184 859 ; Real Estate Licence:073458L)
  • 8 Star Homes Pty Ltd (ABN: 83 135 066 876)
  • Investors Direct Financial Services Pty Ltd ACN 608 410 591
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