RBA keeps cash rate steady again

The Reserve Bank of Australia (RBA) announced it would leave the cash rate unchanged for another consecutive month.

This means that home loan rates are less likely to increase, giving people looking to buy properties no disincentive to do so. This may be good news for professionals with real estate training.

The RBA's decision to leave interest targets at 4.75 per cent cited factors such as supply chain disruptions, natural disasters and growing exports as reasons to keep rates steady.

This decision comes even though inflation is outside the authority's target of two to three per cent - this quarter the ABS reports it to be at 3.6 per cent.

It may be that the RBA is concerned about the impact a rate rise would have on the lower end of Australia's two-speed economy.

The fast part is powered by resources and exports, while the slower end refers to the country's domestic sector. It is the second part - including the real estate industry - that is lagging behind financially.

An increase in rates was thought to have too big an impact on the productivity levels of businesses outside of the booming coal and mining sectors.