NEWSFLASH - Australian mortgage lending rates have been held at their current level of 6.25% for the second time in a month.

Looks like the Australian Treasury Department's sustained campaign of 'scare tactics' has paid off in the short term. While they've been openly threatening to push the Oficial Cash Rate higher for the past few months, encouraging economic data - particularly around inflationary figures - has once again, let Australian home owners and investment property owners "off the hook".

Although you can bet your bottom dollar that rates won't come back down again this year, there's increasing confidence that they won't go much higher either… and that's a GOOD THING!!!

Enjoy the day:)

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