Emergency RBA meeting leads to cash rate cut

At its emergency meeting today the Reserve Bank (RBA) announced a cash rate cut of 0.25%, bringing the cash rate to 0.25%, the lowest in Australian history! This cut was made in response to the global coronavirus (COVID-19) crisis, which has been declared a pandemic by the World Health Organization (WHO). Australia has entered unchartered […]

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Mortgage Focus – March 2020

Autumn is here! Activity in the property market usually picks up during this time, so an exciting month is ahead of us. Whether your goal for 2020 is to buy a new home, an investment property, or to refinance your existing home loan, your mortgage broker will be happy to assist you throughout the process. […]

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March 2020 interest rates hit historic low of 0.50%

While the autumn wind blows colder, things are heating up in the property market as the Reserve Bank of Australia (RBA) decided to slash the official cash rate to a historic low of 0.50% at its meeting today. At the previous meeting, RBA governor Philip Lowe said that despite expectations of stronger global growth this […]

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Interest rates on hold at RBA’s first meeting for 2020

At its first meeting for 2020, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.75%. This is still the lowest it’s ever been! While the first 2020 decision is to hold the cash rate, economists are predicting more rate cuts to occur early this year. However, RBA governor […]

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Mortgage Focus January 2020

Happy new year! How was your holiday break? We hope you had a great celebration with your loved ones! With both the new year and summer holidays, our property markets are typically quiet. But if you are looking to take advantage of this quiet season, we are always available to help you out. This can […]

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RBA slashes rates to 0.75% October 2019

What a win for spring property hunters and homeowners! The Reserve Bank of Australia (RBA) has slashed the official cash rate to a historic low of 0.75%. Prior to the announcement, RBA Governor Philip Lowe had hinted at more cash rate cuts to come, following reductions in June and July. Governor Lowe said an extended […]

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Second historic rate cut to 1% – July 2019

As anticipated by market analysts, the Reserve Bank of Australia (RBA) cut the official cash rate for the second month in a row, bringing it to just 1% pa – a new historic low. RBA Governor Philip Lowe said last month “the possibility of lower interest rates remains on the table” and many analysts expect […]

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May 2019 rates on hold at 1.5%

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 […]

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Mortgage Focus – March 2019

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 […]

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March 2019 – RBA announces rates on hold at 1.5%

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 […]

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RBA rates on hold at 1.5% for February 2019

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 – […]

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October 2018 cash rate on hold at 1.5%

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 […]

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