The reserve bank of Australia decides to keep rates on hold

RBA keeps rates on hold despite their less optimistic view of the Australian economy

After a 2 month summer break, the RBA has kept interest rates on hold at 1.5 per cent. In recent times the RBA has maintained a fairly optimistic view on the economy, however they did note in the post-meeting statement that “downside risks” have increased. Today’s meeting confirmed that the RBA hasn’t changed course, maintaining[…]

Buying a Home in Victoria

The state of Victoria in the southeast of Australia is the smallest state and the second most populous in the country. This most urbanised state has a population of more than 5.3 million as of 2011 but the Australian Bureau of Statistics predicts the number will increase to 7.2 million by 2050. Majority or almost[…]