As expected, the RBA kept the official cash rate on hold for the 25th month in a row at its October meeting. During September, a number of lenders made out-of-cycle rate rises to account for their increasing borrowing costs, so we expect home loan interest rates to remain relatively stable for the time being. Forecasters [...]
The Reserve Bank of Australia announced on Tuesday that the cash rate is on hold at 1.5%. Property market conditions continued to turn in favour of buyers last month. Home value movements have stalled, auction clearance rates have dropped, and properties are on the market longer. With interest rates remaining low, now is the time [...]
As expected, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1.5% at their July meeting today. This month, it's all good news for home owners and those in the market for a new loan! Next month (August) will bring us to a record breaking two year period [...]
We hope you are embracing the arrival of winter and enjoying the cool change. In recent weeks we've seen conditions for property buyers improving, with fewer homes reaching the reserve price at auction and values trending downwards in many markets. During the colder months, there are usually fewer buyers doing the rounds, so there could [...]
As expected, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1.5% at their June meeting today. The RBA has not moved on rates since August 2016, with the objective of stimulating inflation, employment and wages growth through rate stability. However, the Organisation for Economic Cooperation and Development [...]
Can you believe it's already May? If you’ve been thinking about a 2018 property purchase, here's why now is a great time to go for it. Firstly, the cash rate remains unchanged at a record low level. Secondly, home values and auction clearance rates are falling in many markets around the country, so conditions look [...]
At its May meeting yesterday, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. Today's decision makes it 21 months in a row where the RBA has decided to leave the cash rate on hold. It is also the longest period without a cash rate rise in the [...]
We hope you had an amazing Easter long weekend and the Easter Bunny was very generous! March was an exciting month in the property world. In the week prior to Easter, we saw the highest volume of auctions ever recorded across the combined capital cities, and by Melbourne individually. Meanwhile, most capital city home values [...]
At its 3rd April meeting, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. While the RBA decided to leave the official cash rate on hold for the 18th consecutive month, quite a few lenders raised their home loan interest rates last month – some by as much [...]
The busy Autumn property season is upon us, and what an exciting time of year it is! In recent weeks, we've seen auction volumes surge as one of the year's peak selling periods kicks into gear. With so much more stock on the market, property prices in some markets are falling, so you could have [...]
