Great news for homeowners and borrowers! At its June meeting today, the Reserve Bank of Australia (RBA) cut the official cash rate to just 1.25% - the lowest level in Australian history. Analysts widely predicted a rate cut would follow hard on the heels of the Federal Election and during May, many lenders started to [...]
At its May meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% - despite speculation from economic analysts that there may be at least one, or possibly two RBA rate cuts by the end of this year. However, it seems the RBA has elected to wait until [...]
It may be a buyer's market, but when property prices are falling, buyer confidence often goes with it. However, the possibility of paying too much is not the only risk a home buyer or property investor can face when market conditions are undergoing significant change, as they are now. In this article, we outline some [...]
You may have heard the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has made some recommendations about changing how mortgage brokers get paid. There's been a lot of noise in the media, so we thought it might be a good idea to update you about what's going on and how [...]
Autumn has arrived and as the weather cools, property markets around the country are starting to heat up. Auction numbers and clearance rates are a bit low for this time of year, but private home sales are going along quite strongly. Nevertheless, home values are continuing to fall in many areas, and if you're in [...]
At its March meeting, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% despite concerns about the potential impact of a declining housing market on economic growth. Many analysts are now predicting the RBA could cut rates by up to 50 basis points (half a percent) by mid-2020 if [...]
The Reserve Bank of Australia (RBA) has met for the first time this year and decided to keep the official cash rate on hold. Flat economic data for the last quarter of 2018 will most likely motivate the RBA to leave them unchanged for some time. Meanwhile, several banks have announced out-of-cycle rate changes – [...]
Happy New Year! We hope you enjoyed some quality time with family and friends over the Christmas and New Year break. Welcome to our first newsletter for 2019. As many people are still on their summer holidays, there's not much happening in our property markets this month. Few auctions have been listed around the country [...]
