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At its meeting on 4/11/08 the Reserve Bank decided to drop the official cash rate by 0.75%pa to 5.25%pa - the lowest rate since 2003. We will see a lot of activity in the market as banks decide how much of the rate cut they will pass on to their borrowers. If you would like to know what rates your bank is offering give us a call.

The Prime Minister has announced an increase to the First Home Buyers Grant from $7,000 to $14,000. A further $7,000 will be available to buyers who purchase a newly constructed home. To find out more and how we can help you apply for the grant call our office or go to our first home buyer's page.

Thanks to everyone who visited our stand at the Gymea Village Fair. Congratulations to all our winners. Full details in our next newsletter.