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 [...]
We hope 2020 is off to a positive start for you Activity in the property world has been quiet of late, in line with the seasonal festive period slowdown. However, as we progress into February, things are bound to pick up. If your goals this year include purchasing a property, now is the time to [...]
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 [...]
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 [...]
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 [...]
The RBA has kept the official cash rate on hold at 1.0% at its September meeting today. The RBA Board has hinted an extended period of low interest rates are required to reduce unemployment and achieve inflation targets. Following cash rate cuts in June and July, there's been speculation about further cuts before the end [...]
It's been an exciting few months in the property world, with plenty of chatter about a potential market rebound. Back-to-back interest rate cuts, looser lending conditions and increased confidence following the May federal election have seen buyers returning to the market. In July, five of the eight capital cities recorded a slight rise in dwelling [...]
The RBA has decided to keep the official cash rate on hold at 1.0%. The cash rate remains at its lowest level in Australian history. The RBA's recent decisions have prompted plenty of movement in interest rates amongst the big lenders. Some have passed on sizeable reductions in variable rates, while others have been slammed [...]
Great news for homeowners and property buyers this month. Home loan interest rates have fallen again. If you’re in the market for a home or want to invest in property, now is a good time get pre-approval on a competitive home loan. Interest rate news At its July meeting, the Reserve Bank of Australia (RBA) [...]
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 [...]
