Mortgage Focus June 2018

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 […]

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June 2018 – rates still on hold

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 […]

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Cash rate on hold for November 2016

At its annual Melbourne Cup Day board meeting today, the Reserve Bank of Australia (RBA) announced it would keep the official cash rate on hold at 1.50% for November. According to comments made by RBA Governor Dr Philip Lowe last month, today’s decision was largely based on 3rd quarter CPI inflation data*. This data has […]

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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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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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Lowest cash rate on record for August 2016

Today the Reserve Bank of Australia (RBA) met for its August meeting and decided to cut the official cash rate by 25 basis points to just 1.50%, creating the lowest cash-rate ever on record! The decision follows the release of June quarter inflation data last week that revealed inflation has slipped well below the RBA’s […]

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Cash rate on hold at 1.75% for June 2016

With winter setting in and no sign of our property markets slowing, the Reserve Bank of Australia (RBA) met today for its June meeting and elected to keep the official cash rate on hold at 1.75%. The official cash rate is currently at all-time lows following a rate cut last month. Forecasters are predicting that […]

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Mortgage focus – May 2016

The autumn property market is proving to be very busy and full of opportunities for home buyers and investors. We expect lower interest rates will stimulate the market even further, so talk to us about getting your finance in place now! The Reserve Bank of Australia (RBA) met for its May meeting last week and […]

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May 2016 interest rates cut to 1.75%

Great news for those in the market to buy property this autumn! The Reserve Bank of Australia met for its May meeting today and decided to cut the official cash rate by .25 basis points, bringing it to a new historical low of 1.75%. Wow! That’s seriously low. With the Aussie dollar on the rise […]

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June 2015 cash rate on hold

Winter is here, but our property markets are running hot! The Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.0% at its monthly Board meeting today. Whilst the decision was widely expected, it was made amongst speculation that there is another rate cut on the horizon this year, […]

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State of the economy, November 2013

As the favourite Fiorente finally brought home the Melbourne Cup for Australian racing legend Gai Waterhouse on Tuesday, the Reserve Bank of Australia decided to leave the official cash rate on hold at 2.5% for the third consecutive monthly board meeting, in line with expectations. The decision follows encouraging improvements in household and business confidence […]

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Cash rate hits historic low!

How low can you go? Today, the Reserve Bank of Australia decided to lower the official cash rate. After two consecutive rate holds, the board decided to reduce the official cash rate by 25 basis points to 2.5%. The July cash rate was already at a historic low, but a drop to the Australian dollar […]

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