Reserve bank of australia keeps rates on hold

RBA keeps rates on hold at record low

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 1.5 per cent at the December meeting of its board, the last meeting for 2018. This is the 26th consecutive time the bank has left the rate on hold, the lowest on record. This record period of inaction by the RBA has now[…]

Stricter Lending Criteria Affect Homebuyers and Home Sales

Houses for sale in Australia are now experiencing longer listing times now that banks have tightened their lending criteria for potential homebuyers. In Sydney alone, homes were taking 43 days on average to sell based on data from CoreLogic. Darwin had the slowest turnover with 93 days while properties in Hobart were selling the fastest.[…]

Important Renting Reforms Passed through the Victorian Parliament

The Residential Tenancies Amendment Act 2018 (Amendment Act) has been approved by the Victorian Parliament. This new law includes more than 130 reforms to the Residential Tenancies Act 1997. These reforms, however, will be implemented effective July 1st 2020 yet. While the new legislation is yet to come into effect, the consultation process will continue[…]

Abolishing negative gearing could be ‘the straw that broke the camel’s back’…

If your retirement plan relies on Real Estate, you absolutely must know what Jane Slack-Smith is about to reveal in her free webinar: The New Rules for Property Wealth. Jane will show you how to protect yourself from devastating losses — and — capitalise handsomely in one of the most uncertain property climates Australia has[…]

Interest Rates on Hold at 1.5 per cent

The Reserve Bank has left the official interest rates on hold at a record low rate of 1.5 per cent for a record 26th month in a row. Economists and traders did not expected a move, with most expecting rates to remain unchanged until at least the second half 2019. When interest rates do next move,[…]

More Melburnians Experiencing Rental Stress

Owning a home in Australia has remained a dream for many. The reason why renting has become a popular option. Unfortunately, renting has also become unaffordable these days to many Australians. Latest research showed that renters particularly those in the inner suburbs of Melbourne, Sydney and Brisbane are spending more than 30 percent of their[…]

What Are The Proposed Changes Included In The New Victorian Rental Laws?

The proposed changes in Victoria’s rental laws are now being tackled in Parliament. The Andrews government released details of the amendments last week and several provisions are expected to go unopposed. Some provisions that are sure to be approved include the one protecting tenants experiencing domestic violence and the clampdown on rental bidding. Once passed,[…]

Reserve Bank Retains Current Official Interest Rate of 1.50%

Already using Social Media? Follow WendyChamberlain.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate. Today marked two years since the Reserve Bank of Australia has moved interest rates and its record-breaking run of inactivity is not predicted to end anytime soon. The RBA earlier left the interest[…]

What is Negative Gearing?

In real estate, negative gearing is when the cost of buying and maintaining an investment property is higher than the income you gain from it. With this loss, it is then possible to offset the income you earn thereby allowing you to pay less tax on the property. For a rental property, for example, negative[…]