The Reserve Bank of Australia (RBA) decided to keep the cash rate on hold at its historic low of 0.10% at the board’s March monetary policy meeting. The RBA’s last rate hike was more than a decade ago, in November 2010. While the central bank held fire today, there has been rising speculation it might [...]
Great news about the international border reopening! Meanwhile, here's what's making news in property and finance: Borrowers set home loans record First home buyers get savings boost Homebuilding costs rise 7.3% How to prepare for rate rises Read more below. Home loan activity reached a record high in December, according to the latest data from [...]
The Reserve Bank of Australia (RBA) has left the cash rate on hold at its first monetary policy meeting of the year. The move comes as no surprise, as the RBA has repeatedly said it won’t increase the cash rate until underlying inflation is sustainably within the 2–3% target range. The central bank does not [...]
Let’s hope we have plenty of good news on the health and economic fronts in 2022. In the meantime, here’s what’s making news right now: City-by-city property outlook Mortgage activity surging Rents rise 7.4% House building at record levels Read more below. Home loan activity is at historically high levels, according to the latest data [...]
Can you believe it’s already the end of the year? Here are five stories that will help you look ahead to 2022: Mortgage 'loyalty tax' rises Property listings trending up Average loan size jumps 16.4% Govt boosts first home buyer support Broker market share hits new record Read more below. You might not realise that [...]
In its last monetary policy decision of the year, the Reserve Bank of Australia has kept the cash rate at a record-low 0.10%. The RBA expects the economy to expand by 3% this year, despite the lockdowns that occurred from June to October. Growth is then expected to accelerate to 5.5% in 2022. Strong growth [...]
Just one month to Christmas! Don’t forget to start buying your presents, because a lot of orders are being delayed right now. In the meantime, here are four stories making news: Australia goes on building boom Why refinancing is so popular right now Investor activity surges Property myth gets busted Read the latest news below. [...]
As was widely expected, the Reserve Bank of Australia (RBA) has kept the cash rate at a record-low 0.10%. It has now been exactly 12 months since the RBA last moved the cash rate – which was a cut of 0.15 percentage points. The next move in the cash rate is almost certain to be up. [...]
The Reserve Bank of Australia (RBA) has kept the cash rate at a record-low 0.10%, as the overwhelming majority of commentators expected. Throughout this year, the RBA has said repeatedly it will not increase the cash rate until underlying inflation is within the 2–3% target range. The RBA said this is unlikely to happen until 2024, [...]
We've made it to spring! As the season changes, so does the property and lending landscape. Here are 4 stories making headlines right now: Property sales up 42% Analysis reveals fixed-variable rate gap Aussies saving more money More borrowers using brokers Read more below. Almost 598,000 residential properties were sold in the year to August, which [...]
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