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 [...]
We hope that you and your family enjoyed a fantastic Christmas and New Year! With the summer holidays in full swing, auction activity in our property markets around the country has been a little quiet as home buyers forgo the open inspection circuit in favour of the beach. So this month let's do a review [...]
Christmas is just around the corner and isn't it a wonderful time of year? It's a time for family and friends, a little self-indulgence, of recognising how hard you've worked all year and rewarding yourself for your efforts. If you've been contemplating a property purchase, why not make that dream a reality? We can help [...]
At its final meeting for 2017, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 1.5%. The RBA next meets in February 2018. The good interest rate news for property owners and buyers looks set to continue into 2018. In its Statement on Monetary Policy released in mid-November, the [...]
It's hard to believe we're already into November and Christmas is only weeks away! The spring property market is really heating up, with the number of auctions in our capital cities reaching a record high at the end of October. At the same time, rises in home values seem to have stalled and clearance rates [...]
At its November meeting today, the Reserve Bank of Australia has kept the official cash rate unchanged at 1.5% for the 15th consecutive month! What else is happening in our markets? Future rate movements: Some analysts are speculating we will see our next rate cut in 2018, following recent declines in auction clearance rates, and [...]
There's a certain buzz in the air at this time of year, as the weather warms up and the property market gets into full swing. Buyers continue to come out of hibernation and snap up properties during the spring selling season. If you're one of the lucky ones about to make an exciting property purchase, [...]
At its October meeting, the Reserve Bank of Australia has again opted to keep the official cash rate unchanged at 1.5%. Economists widely anticipated the RBA's decision, with many predicting no further RBA rate changes until next year. What else is happening in the loan market? Interest only loans: There has been a significant reduction [...]
At its September meeting, the Reserve Bank of Australia chose to keep the official cash rate on hold at 1.5%. How will this affect you this Spring? Despite the RBA keeping the cash rate unchanged, lenders continued to cut rates on principal and interest loans for owner occupiers during August. Home loan rates are still [...]
With winter on the way out, now could be a great time to score a bargain in the property market, as some buyers may still be in hibernation mode and traditionally, there is less competition at this time of year. Property numbers are likely to pick up later this month and into early September, with [...]
