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 [...]
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 [...]
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 [...]
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 – [...]
November is an exciting month as the Spring Racing Carnival kicks into high-gear and we begin the countdown to Christmas. It's an exciting time for property buyers too, as auction clearance rates continue to slide, and sellers struggle to get their price in the spring property market. Interest Rate News At its November Melbourne Cup [...]
As expected, the RBA kept the official cash rate on hold again at its November Melbourne Cup Day meeting. Forecasters are predicting no rate rises until late 2020 and don't rule out the next move being a rate cut, considering declining home prices. However, despite auction clearance rates falling below 50% in most markets during [...]
The last weekend in September was a little quiet in our property markets, as buyers took time off to watch the AFL and NFL Grand Finals. We hope your team won and you're now back on the open inspection circuit – there are plenty of bargains up for grabs in our spring property market and [...]
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 [...]
