Australian Financial Expert Says First Home Buyers Should Not Miss Opportunity in Next 6-12 Months

Australian Financial Expert Says First Home Buyers Should Not Miss Opportunity in Next 6-12 Months
An auction sign stands on display in Blacktown, Australia, on Feb. 14, 2015. Mark Metcalfe/Getty Images
Alfred Bui
Updated:
0:00

A financial expert has advised Australians aspiring to be homeowners to take advantage of the current interest rate situation to make their dream come true.

The Reserve Bank of Australia (RBA) has implemented an interest rate hiking cycle since May 2022 to combat high inflation, which took the official cash rate from the historic low of 0.1 percent to the current 4.1 percent.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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