Homeowners across Australia will be feeling a sigh of relief, as the RBA announces it has kept the interest rates on hold at 3.6% after today's monthly meeting. Mortgage rates are to be put on hold for the first time since May last year, which is a major boost for homeowners. After an historic 10 rises in a row, the cash rate will now stay at 3.6 per cent for at least another …
RBA announces its 10th rate rise
Reserve Bank Governor Philip Lowe has issued a grim update on Australia’s battle with rampant inflation, after the RBA lifted rates for a tenth consecutive time to 3.6 per cent on Tuesday. The expected 25 basis rise was confirmed after the Reserve Bank board met on Tuesday afternoon, with the cash rate at its highest since June 2012. Mr Lowe flagged more “tightening of monetary policy will …
Ninth Consecutive Interest Rate Rise
Australia’s central bank has slugged borrowers with another increase in interest rates, extending the record run of hikes to nine meetings in a row as it tries to cut inflation, and indicating there are “further increases” to come. The Reserve Bank at its first board meeting of 2023 on Tuesday raised its cash rate 25 basis points to 3.35%, its highest level in just over a decade. Most …
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RBA has raised interest rates again at the final 2022 meeting
The Reserve Bank of Australia has hiked rates for the eighth time this year at its final board meeting for 2022 - announcing a 25 basis point increase to take the official cash rate to 3.10 per cent. Announcing the latest rise, RBA governor Philip Lowe said that high inflation figures were still weighing on the board's mind and that inflation figures were still far too high for the bank to …
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Australia’s cash rate has been raised by another 25 basis points
The Reserve Bank of Australia (RBA) has chosen to lift the interest rate by just 25 basis points – the same rise as in October – for the seventh increase in as many months. The cash rate will now sit at 2.85 per cent, although another rate rise is still looming on the horizon in December, just in time for Christmas. As seen on Domain, some economists were predicting a bigger 50 basis point …
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Another rate rise from the RBA
The Reserve Bank of Australia (RBA) has confirmed it is lifting the cash rate for the sixth consecutive month, with another 25 basis point increase following October’s Board meeting. The cash rate has now surged to a nine-year high following a rapid 250 basis points increase in just 153 days, as the RBA battles to curb rising inflation. Philip Lowe, Governor of the Reserve Bank of Australia, …
Do you know how to choose the right suburb to buy your next home?
Buying a home is one of the most important decisions a person makes in their life. As such, it should not be rushed. Time should be taken to research and plan. This will make sure that you buy the property of your dreams in the right location and within your budget. When choosing a property and suburb, thorough research is strongly recommended. It is also essential that you understand the …
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Do you know the 3 most common methods of sale?
You have finally found the most perfect property. You have fallen in love with the house, land and lifestyle that you could have – you have even visualised where your furniture will be placed. But now you are faced in a bidding war against equally motivated buyers wanting to purchase YOUR dream property! This is yet another challenging scenario that …
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Queensland Land Tax Changes
As seen in the REIV newsletter last week, The Queensland government has recently passed a significant change to the way land tax is calculated on eligible real estate in Queensland. From 30 June 2023, the Queensland Government will use the total value of your Australian land. This includes your taxable land in Queensland and your relevant interstate land. REIV supports the REIA in opposing …
Buyers are increasingly seeking a home with a study or second living space
Among many other changes post pandemic, buyers re-evaluating their buying criteria, particularly the space and rooms their dream property has. Considering the number of weeks in lockdown we have spent in our homes, particularly in Melbourne, a home office or study has become of key importance for buyers. For renovators and house flippers this should be a renovation priority right …
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