WOWZA! We have hit a new record! Yep today the Reserve Bank of Australia decided to cut the official 2% cash rate by 25 basis points to a new record low of 1.75%!! The RBA decided to react in response to low inflation figures and a strengthening Aussie dollar it tool many official forecasters and [...]
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 [...]
The brakes are finally starting to come down on the Australian property market, with a tiny amount of growth recorded over the last few months. Nationally, growth has come in at just 0.2% for that period, with the Sydney market taking a leaf out of the Coles playbook: “Prices are down”. And it’s the first [...]
