Mark Mendel

RBA meets tomorrow with rate cut in mind

The RBA meets tomorrow to dicuss another possible rate in Australia. With one in four economists prediciting a cut, the more important question on everyones mind is that if a rate cut does occur, will the banks pass it on.

House values have fallen according to RP Data stats, however the recent month of March showed strong signs of a recovery with low interest rates and the governments boosted first home buyers grants.

With the sharemarket climbing to its highest point in 2009, a false sense of recovery looms.

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