With the new housing affordability measures now in place as of 1st July, how will this affect housing demand and property prices? Some have even predicted a change in the cash rate. However, the Reserve Bank of Australia (RBA) met today for its July RBA rates decision and decided to keep the official cash rate on hold [...]
After a month where we have seen property prices cooling down in Melbourne and Sydney there was talk of a possible rate cut. However, the Reserve Bank of Australia (RBA) met today for its June RBA rates decision and decided to keep the official cash rate on hold at 1.50 per cent. In their official statement, the [...]
With the Autumn property market in full swing, the Reserve Bank of Australia (RBA) met today for its May RBA rates decision shindig and decided to keep the official cash rate on hold at 1.50 per cent. We have no doubt that this will (if not already) generate a collective sigh of relief from mortgage holders [...]
With the final RBA rates decision today until February 2017 (that is one long summer vacay!), the Board have decided to leave the cash rate unchanged at 1.50 per cent, hmmm...that sounds familiar, anybody else have that Déjà vu feeling? The global economy is continuing to grow, at a lower than average pace. Labour market [...]
Properties are still being snapped up pretty quickly, the latest data shows, but it's expected that more Australians will start falling behind with their mortgage payments next year. The struggles are likely to stem from the fact that while capital city home prices continue to rise, the increase in wages has been pitiful. Data company [...]
Australia continues to be a popular choice on the global investment stage thanks to its mature market and comparatively strong yields, although transaction volume has fallen this year as there just aren't as many suitable investment properties available. This is according to a study from the Urban Land Institute (ULI) and PwC which predicts emerging [...]
Sydney is currently experiencing rapid house price growth and properties are being snapped up at auction faster than you can say ‘sold’. But some economists say that it's all happening too fast, fuelled by national interest rates that are too low for the city's booming economy. Terry Rawnsley, head of economic analysis at consultancy SGS [...]
RBA's decision to cut interest rates to 1.75% earlier this year set a new all-time low for Australia, and this is starting to show through in the mortgage rates that banks are offering. With some three-year fixed rates now 100 basis points (1%) lower than many variable rates on the market, you might be wondering [...]
It may seem like our economy is doing well at the moment with interest rates at a record low, but it could just be like a giant game of Jenga that's being built higher and higher and getting increasingly precarious – an eventual collapse is inevitable. When global banks keep cutting interest rates to pull [...]
In case you missed it, we're talking about RBA's announcement the other week that they had cut interest rates from 2% to an all-time low of 1.75%. Real estate agents are reporting that this cut – the first we've seen in a year – has buyers splashing their cash like there's no tomorrow. “It’s pretty [...]
Have you considered how the price of chicken, petrol and postage stamps can influence your mortgage interest rate? They are in fact more closely connected than many people realise. That’s because these commodities — along with alcohol, clothes, education and more — help inform Australia’s Consumer Price Index, which is the biggest single contributing factor [...]
Sure rates are low, but some banks are really starting to put the heat on our first home buyers and investors. If you are looking at property investing. Here's what you need to know. When you apply for a loan, the bank or financial institution will look at if you can make repayments at not [...]
