Welcome to Diaz & Diaz Lawyers Diaz & Diaz, Lawyers was founded by Jess Diaz, the First Filipino Lawyer and Barrister in Australia. Contact us on +61 2 9831 5278 Member, Society of Notary Publics NSW Member, Law Society of New South Wales Code of Conduct   Diaz & Diaz Property Update April 2010 The Reserve Bank has increased the cash rate to 4.25%.  This is an increase of 25 basis points.  Most banks have followed by increasing their standard variable mortgage rates by a similar figure.  It is widely tipped that the rate will rise to 5.00% by Christmas. Given the low listing rates and relatively high clearance rates at auction it still appears that vendors are in a comfortable position.  At the same time purchasers appear to be wary of continued rate rises till the end of the year and many reports have first home buyers staying out the current market.   Diaz & Diaz Property Update March 2010 The cash rate has been increased by 25 basis points to 4.00.  This was widely tipped by most economist due to the current unemployment rate and recent inflation figures. It is expected that most major banks will move quickly to match or increase slightly their mortgage rates. Diaz & Diaz Property Update 25 October 2009 It is widely tipped that the RBA will increase the key interest rate by as much as 50 basis points on Melbourne Cup Day.

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