Tim Heavyside

A result that was widely predicted by many experts, the RBA has cut the official cash rate to 1.5 per cent.

There are still expectations of further cuts to the cash rate with the AUD up near 76 cents and inflation still hovering at very low levels globally.

This may give the property market an extra boost, providing an opportunity for Australians to take advantage of the record low interest rates and competitive offers available in the market.