After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35% in response to increasing inflation pressures. The latest inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates was in November [...]
Summer has arrived and not only is the weather heating up – so is the property market! Property volumes are continuing to surge, with plenty of new listings going up in areas previously affected by lockdowns such as Sydney, Melbourne and Canberra. Meanwhile, Australian property values are seeing a slowdown in the monthly rate of [...]
The Reserve Bank of Australia (RBA) has decided to leave the cash rate on hold at the historically low level of 0.10%. RBA Governor Philip Lowe had previously indicated the cash rate would not increase until actual inflation is within the 2 to 3 per cent target range, which is unlikely to happen before 2024. Recently, [...]
Australian housing values continued their upward trajectory in July, rising another 1.6%, despite lockdowns in many parts of the country. This brings national housing values up a staggering 16.1% over the past year. But some experts say there are signs that the market may be losing some momentum. Interest rate news The Reserve Bank of [...]
The Australian property market continues to break records with national dwelling values reaching a peak in FY21 that hasn't been seen since April 2004. If you are keen to get a foothold in the market, hang in there. Some experts say some of the heat may be coming out of the market. Interest rate news [...]
As expected, the Reserve Bank of Australia (RBA) has held the official cash rate at 0.10%, retaining a record low streak. This decision was what most experts were predicting, in line with the RBA's forecast that it would likely hold the cash rate until at least 2024 to allow the labour market to tighten enough [...]
As the winter property season and end of financial year (EOFY) are upon us, the Australian property market would usually slow down during the cooler months, but experts say with current buyer demand and low interest rates, we are in for a stronger-than-usual winter season. Interest rate news The Reserve Bank of Australia (RBA) decided [...]
The autumn property season is upon us, and while the weather may be cooling down, the property market around the country is continuing to heat up! In the latest REA Insights Property Outlook report, 2021 is set for a big year as the positive momentum for price growth continues. There is a substantial lift in [...]
The Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.10% at its meeting today. The decision to hold the official cash rate was not a surprise as the RBA has been clear in their message that they won't be changing rates any time soon. In the latest REA Insights [...]
At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate unchanged at the historic low of 0.10%. Australia's housing market started the year on a firm footing as shown in CoreLogic's January data. Despite the rebound in housing values, RBA Governor Philip Lowe said that we may expect an [...]
