rba cuts interest rate

Reserve Bank drops interest rate to 0.1 Percent

  The Reserve Bank of Australia has cut the official cash interest rate to a record low of 0.1 percent. RBA Governor Philip Lowe said the move will help quicken the pace of economic recovery and noted “the Board is prepared to do more if necessary”. “With Australia facing a period of high unemployment, the[…]

Reserve Bank leaves official cash rate on hold at 0.25 Percent

  The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. RBA Governor Philip Lowe noted “As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia”. Although under employment and unemployment[…]

Melbourne Weekend Auctions Results | 18 July 2020

  As Melbourne continues with Stage Three restrictions due to mounting cases of coronavirus, buyers are still out and about and buying real estate. The Melbourne auction market recorded a 82 percent auction clearance rate (based on REIV data), down from 88 percent last week.  At the same time last year, the clearance rate was[…]

Melbourne Weekend Auctions Results | 11 July 2020

  With the Melbourne market back into Stage Three restrictions due to mounting cased of coronavirus, buyers appear to be getting used to the “new normal” of online selling options. The Melbourne auction market recorded a 88 percent auction clearance rate (based on REIV data), up from 71 percent last week.  At the same time[…]

Selling Your Home? Make sure you remove these deal breakers

Sellng a home these days means you need to be on trend and clutter free with your interior design. Your goal should always be to have the buyer picture him or herself  living in their new home – your home! Decluttering is vital, to ensure that any prospective buyer can visualise themselves living in the[…]

No Change: Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate

The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. Currently, the Australian economy is experiencing a very difficult period, with the biggest contraction since the 1930s.  Since March, over 800,000 people have lost jobs, with many[…]

Reserve bank of australia keeps rates on hold

Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate

The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have[…]

Reserve bank of australia keeps rates on hold

Reserve Bank Maintains 0.25 Percent Interest Rate

The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook remains uncertain at this time. He cited the sharp rise in[…]

Reserve bank of australia keeps rates on hold

Reserve Bank Keeps 0.25 Percent Interest Rate

The Reserve Bank of Australia has decided to keep the latest record level cash interest rate of 0.25 percent. This is in response to the the corona virus pandemic that has been affecting global economies. RBA Governor Philip Lowe said the pandemic remains a major public health issue and many countries are expected to suffer[…]

We are open and here to support you

  We are open and here to support you. As we all navigate this uncertain time, please rest assured that we are here to help with your property needs, whatever they may be. We remain your independent voice, to always support the best interests of you, our clients. Whether buying your first home, moving to[…]