The Official Cash Rate has been reduced on the 22nd July to 3% and commentators are predicting a reduction in mortgage rates will follow. This is good news for investors with mortgage commitments which hopefully result in a more positive cash flow.
In terms of budgeting, ensure that you are preparing to comply with the requirement to insulate ceilings and underfloor of homes over the next two year period. A good warm house keeps tenants happy and reduces your repair costs from condensation damage.
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