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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August 2018 cash rate on hold at 1.5%

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 […]

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Mortgage Focus May 2018

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 […]

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Cash rates on hold for 18th month, April 2018

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 […]

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1.5% cash rate unchanged for March 2018

At its March meeting today, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. This is now the 17th consecutive month the RBA have opted to leave the cash rate steady. We can expect this trend to continue, with most analysts predicting no change to the official rate […]

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Interest rates at 1.5% for February 2018

At its first meeting for 2018, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. What does this mean for interest rates? With the latest Australian Bureau of Statistics’ consumer price inflation report (CPI) coming in below expectations last week, few analysts think the economy will improve enough […]

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Rates on hold at 1.5% for May 2017

At its May meeting, the Reserve Bank of Australia chose to keep the official cash rate on hold at 1.5%. What does this means for you? Interest rates remain low, so it’s still a great time to invest in property or to purchase a home! Despite some lenders raising interest rates on both owner-occupier and […]

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Mortgage Focus January 2017

Happy New Year! We hope you enjoyed the break and Santa was kind to you and your family this Christmas. Are you ready for another fantastic year in our property markets? As the Reserve Bank of Australia will not meet until the first Tuesday in February for its initial rate meeting for 2017, there is […]

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October 2016: no change on cash rate at 1.5%

Hard on the heels of Grand Final Weekend, the Reserve Bank of Australia (RBA) met for its October meeting today and decided to keep the official cash rate on hold at 1.50%. Today’s RBA decision is the first for new RBA Governor Dr Philip Lowe, following the retirement of Glenn Stevens in September who served […]

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Mortgage Focus – September 2016

Spring is here and it’s also the start of the busiest time of year for our property markets! Auction activity is already heating up in our largest capital cities – are you ready for the rush? At its September meeting last week, the Reserve Bank of Australia (RBA) decided to keep the official cash rate […]

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Interest rates on hold for September 2016

Spring is here and the Reserve Bank of Australia (RBA) met for its September meeting today and decided to keep the official cash rate on hold at 1.5%. Today’s RBA decision follows a 25 basis point rate cut last month, which saw the official cash rate fall to all-time lows. The move prompted a flurry […]

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