Despite all the challenges caused by the pandemic, the property market finished the year on a strong note in 2020. Read on to find out how the property market performed near you and what's in store for 2021. Interest rate news Last year, the cash rate decreased three times due to the COVID-19 pandemic. The [...]
With Christmas just days away, we'd like to send our very best wishes to you and your family for a happy and safe holiday season. In a few weeks, we say goodbye to 2020. Many of us are breathing a sigh of relief to welcome in 2021, and looking forward to a positive year ahead. [...]
At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate unchanged at the historic low of 0.10%. Last month, the Board slashed the cash rate for the third time this year at a historic low of 0.10%. This was accompanied by an additional bond purchase (quantitative easing) program worth [...]
The 2020 Federal Budget announced a range of economic measures to help support individuals and businesses through the COVID-19 downturn. It also includes some initiatives that could be helpful if you want to buy your first home, build a granny flat or put money aside to invest. Even though 2020 has been a difficult year [...]
It has been an exciting past month in the property world, with the housing recovery continuing to gather momentum. In October, all capital cities except Melbourne saw dwelling values increase. If you are new in the property market, considering your next property purchase, or taking the next step in your investment journey, the timing couldn't [...]
At its meeting today, the Reserve Bank of Australia (RBA) announced another cash rate cut to an all-time low of 0.10%. This follows a hold in October at 0.25%. In October, the RBA reiterated a commitment to maintain highly accommodative policy settings as long as required. RBA governor Philip Lowe highlighted the importance of the [...]
Everyone wants a property bargain, right? Well, there's a big difference between a bargain and a home that's just cheap. For example, Andamooka in South Australia was declared Australia's cheapest suburb in 2018 – the average house price is just $34,625. The reason why – the town has a population of just 316 people and [...]
Spring has officially arrived, which usually marks the start of the busiest time of year for the property market but this year has been like no other. Australia's housing is slowly emerging from its COVID-induced slumber as the spring property market gains momentum. New data shows a clear shift towards increased interest in regional areas [...]
At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate at the historic low of 0.25%. In September, the RBA decided to increase the size of the Team Funding Facility and make it available for longer to help keep interest rates low for borrowers and support the provision of [...]
Spring is here which means we can expect the property market to start becoming more active, as restrictions due to COVID-19 start to ease in some parts of the country. We have entered spring with record low interest rates, which is good news for prospective buyers. If you are in a good financial position, now [...]
