For the 13th consecutive month, the Reserve Bank of Australia (RBA) has decided to leave the official cash rate on hold at 1.5%.

At last month’s Board meeting, the RBA indicated that an ongoing period of rate stability should help the domestic economy achieve sustainable growth over the medium term.

With the cash rate on hold for another month, the cost of borrowing continues to sit at affordable levels. As such, now is the perfect time to make your property goals – be it renovating, investing, downsizing or upsizing.