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 [...]
If you're on the verge of buying your first home but have been waiting for property prices to stabilise or even fall, it looks like you'll have to hold out for a while longer. After this morning's RBA decision to leave the rate unchanged at 1.50 per cent, it was noted that housing market conditions [...]
All of the banks are lining up and the gates are drawn and they are off! But is looks like there will be neigh change for the month of November. In the RBA's meeting today, the Board have decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to [...]
It would appear that the RBA don't like change very much, at their meeting today, the Board decided to leave the cash rate unchanged, so it will continue to sit at its record low of 1.50% for another month (which we are not complaining about!). In their official statement, the RBA stated "In Australia, the economy [...]
When it comes to buying your first home, scraping together enough money to meet your lender's deposit requirements can be a huge achievement, and it's something that increasing numbers of buyers are struggling with. But it turns out that for many, the financial worries don't stop there. A new survey by Mortgage Choice has found [...]
It was the RBA Governor, Glenn Stevens, last meeting today prior to stepping down from his RBA role and with rates at an all-time low, the outcome was generally predicted as a hold. But with plenty of “crazy” happening around the globe right now, you really just don't know! As per our ‘Loop Alerts’ last [...]
You've probably heard that the RBA cut the official interest rate AGAIN, meaning we're now at a new all-time low of 1.5%. The rates affect pretty much everyone, especially when it comes to mortgage repayments, monthly rental and savings, but what does it mean for the wider economy? Treasurer Scott Morrison says the continued cuts [...]
Whilst the world’s leading athletes are off to the home of ‘Zumba’ this week to put each other to the test, “team RBA” has come out blazing today with its own ridiculous record reducing our official cash rate by 0.25% to a record low of 1.50%! The Commonwealth Bank was the first to move after the announcement, [...]
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 [...]
There's trouble brewing at some of the big banks, and it's all down to accusations over rate fixing. In this instalment of the debacle, we've got a National Australian Bank trader saying that his co-worker – who allegedly rigged the bank bill swap rate - "f--ked up big time". In case you're wondering, the bank [...]
Dr. Emmett Brown: You've got to come back with me! Marty McFly: Where? Dr. Emmett Brown: Back to the future! The Reserve Bank of Australia met today and for them it really was a case of back to the future! The week before last we were sure the RBA were thinking all was good [...]
HOOOOOLLLLLDDDD! Today the Reserve Bank of Australia met and decided to go all Braveheart and hold the official cash rate at the record low of 1.75%. The central bank last moved in May 2016, with a 0.25% cut which was well received by both existing home owners and property investors, as well as those looking [...]
