Our Backyard – Apollo Bay

Good afternoon from Apollo Bay

The Reserve Bank of Australia announced on Tuesday that the official cash rate was to be left unchanged at a record low 2.25% following last month’s 0.25% reduction.

Economists and commentators were fairly evenly split about whether the Reserve Bank board would cut the rate or leave it on hold.

In a survey by comparison website finder.com.au, 16 of the 37 people surveyed expected a cut while the other 21 expected no change in rates. Most experts felt the board would be reluctant to give more of a boost to the housing market and would want more time to assess the effects of last month’s rate cut.

The long weekend brings us the following Open for Inspections

Saturday 7^th March 2015

12.30pm – 1.15pm 24 Nelson Street

1.45pm – 2.30pm 16B Noel Street

Sunday 8^th March 2015

12.30pm – 1.15pm 24 Nelson Street

1.45pm – 2.30pm 16B Noel Street

Have a great weekend!