The Reserve Bank implemented three rates cuts through the middle of 2019, which was a win for those looking to get mortgages but experts are concerned about the rest of the economy.Christmas has come early for homeowners, with almost a quarter of experts naming Brisbane the best city in Australia to invest in as the Reserve Bank today chose to hold fast on interest rates.Chairing the final monetary policy meeting of the decade for the RBA board, Governor Philip Lowe not only kept the official interest rate at a historic low 0.75 per cent – a move widely expected by the market – but he said “it was reasonable to expect that an extended period of low interest rates will be required in Australia to reach full employment and achieve the inflation target”. Oct 2, 2019 -0.25% to 0.75%Jul 3, 2019 -0.25% to 1.00%Jun 5, 2019 -0.25% to 1.25%Aug 3, 2016 -0.25% to 1.5%May 4, 2016 -0.25% to 1.75%.May 6, 2015 -0.25% to 2.0%Feb 4, 2015 -0.25% to 2.25%Aug 7, 2013 -0.25% to 2.5%May 8, 2013 -0.25% to 2.75%Dec 5, 2012 -0.25% to 3.0% (Source: RBA) Best capital city to purchase property, December 2019. Source: Fnder.com.au/SuppliedMelbourne figured at the top too (22 per cent) – though with a significantly higher pricetag for buyers. Canberra and Sydney were tied (13 per cent each) while 9 per cent favoured Hobart, and dragging along the bottom were Perth and Adelaide “with only 4 per cent of experts tipping the cities to be a wise property investment”.The final RBA monetary policy meeting for 2019 comes amid a weak domesic economy that’s crying out for stimulus, with the central bank having responded with three rate cuts that have paid dividends for housing prices but not as much for the rest of the economy. Reserve Bank of Australia Governor Philip Lowe is against going into negative rates.The same Finder survey saw almost a quarter of the experts name Brisbane the top city to buy property in (22 per cent), with the Queensland capital showing “good value”.The results could mean a surge in New South Welsh people on the hunt for property in Queensland over the holiday season, with Finder insights manager Graham Cooke saying Sydney’s low performance in the survey was a surprise.“While Melbourne and Brisbane are strong candidates for the most promising property market in Australia, it is a bit stunning to see Sydney perform relatively poorly,” he said. “The state you live (in) doesn’t need to be the state where you buy. With many Sydneysiders grappling with housing affordability, rentvesting could be the way to go.” Australia’s biggest housing jump in 16 years “The Board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time,” Mr Lowe said in a statement released after the RBA meeting this afternoon.All but one expert in the latest Finder RBA Cash Rate Survey (97 per cent) predicted rates would hold, and a whopping two-thirds now expect the central bank will move to drop to 0.5 per cent in February 2020.The board is facing growing pressure to find the right balance between not overcooking the housing market and stirring up the rest of the stagnant economy via one of the only moves available to the RBA – lower rates. Pedestrians walk past the Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.The latest RBA Rate Indicator showed market sentiment has definitely shifted towards a hold position, with a 91 per cent expectation of “no change” yesterday. “As at 2 December, the ASX 30 Day Interbank Cash Rate Futures December 2019 contract was trading at 99.270, indicating a 9 per cent expectation of an interest rate decrease to 0.50 per cent at the next RBA Board meeting,” according to the ASX rate tracker.One of the Australia’s Big Four banks, the Commonwealth Bank, expected the RBA to keep its options open for future rate cuts.“It is not the external sector which is driving low annual growth rates in Australia’s real GDP, but the weakness in Australia’s domestic economy,” the latest CBA Global Markets Research report said. But if the RBA expects more cash in hand for homeowners will mean more retail spending, it may be disappointed, with CBA predicting that extra wealth off lower mortgage rates would be used “to speed up debt repayment”.“Most households that have a home loan have not adjusted their principal and interest repayments downwards as a result of recent RBA easing. Just 7 per cent of CBA customers with a principal and interest home loan, for example, have reduced their monthly repayments as mortgage rates have come down in 2019.”More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago RBA: LAST 10 RATE CUTS MORE: Rivers, the sea, canals driving up prices Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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HE’S a bit of a poster boy himself – but now Downings singer Shane McLaughlin wants help in removing images of himself from across County Donegal.The Voice of Ireland star received huge support in his quest for glory on the RTE show and eventually finished third.He won friends and supporters across Ireland, among them pop guru Louis Walsh. Now Shane is asking people who may see a spare poster of him to please take it down and then contact him via his Facebook page so he can arrange to collect them.Maybe he’s planning to run for election????Here’s Shane out and about last night taking down his ‘Voice’ posters. SINGER SHANE IN POSTER APPEAL! was last modified: May 24th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:SINGER SHANE IN POSTER APPEAL!