Reserve bank of australia keeps rates on hold

RBA drop rates to 0.75% to tackle unemployment

The Reserve Bank has dropped its official cash rate below 1% for the first time as it battles rising unemployment and stimulate a slowing economy. This is the RBA’s third cut since June and comes after data showed the unemployment rate has increased to 5.3%, from 4.9% at the start of the 2019. The big[…]

Rates on hold for September

The RBA has kept the official interest rate on hold at its historic low of 1.0%. This comes after the RBA cut interest rates in June and July this year. Before that, the cash rate had sat at 1.5% for the better almost 3 years. RBA governor Philip Lowe said “Economic growth in Australia over[…]

RBA looks to government for other ways to stimulate the economy

As predicted the Reserve Bank of Australia has maintained it’s record low interest rate of 1%, with no change at this month’s board meeting. The pause in cutting will allow time for RBA governor Philip Lowe time to see how the previous cuts will impact the economy. “It is reasonable to expect that an extended[…]

What could you do with $133,505?

Real Estate. It’s a funny business. You have at your disposal experts you can call on to help you on the journey and save you money. We’re talking big money, not small change you can find down the back of your couch. Yet it is probably still one of the few industries where people feel[…]

Wendy Chamberlain discusses more affordable suburbs in Melbourne to buy property

Are buyers back?

A few weeks on from the federal election and with an interest rate cut thrown in for good measure, it seems that there is some confidence returning to the Melbourne real estate market. Agents I’ve been speaking to have said that they’re seeing more hands going up at auction, with clearance rates lifting and some[…]

Rate cut brings interest rates to a new low

The RBA has just announced it’s second rate cut in a row, bringing the cash rate down to a historic low of 1 per cent. Last month RBA governor Philip Lowe hinted at another rate cut, commented that it was “unrealistic to expect that lowering interest rates by quarter of a percentage point will materially[…]

RBA cuts interest rates to record low

The Reserve Bank has cut its official interest rate from 1.5% to a historic low of 1.25%. This was a widely expected result and is the first change in the RBA’s policy setting since August 2016. The RBA governor Philip Lowe suggested an upcoming rate cut in last month’s speech. All 43 economists surveyed by Refinitiv[…]

What a difference an election makes

It really does feel like the real estate market has given a collective sigh of relief, with the coalition retaining power. Irrespective of your political views, the uncertainly surrounding the impact of Labor’s policies on negative gearing and capital gains tax were causing nervousness in the real estate market. This was being reflected in prices continuing[…]

real estate bricks

Purplebricks exit no surprise to those in real estate

Purplebricks is to exit Australia after 2.5 years. I don’t think too many in the real estate industry are going to be surprised by this news. It just goes to show the importance of understanding your market and target audience, which is where I think Purplebricks missed the mark. I know that as a buyer’s[…]

RBA announce rates prior to upcoming election

Despite much anticipation the RBA has decided they will keep rates on hold for another month, announced less than a fortnight out from the federal election. A record low cash rate of 1.5% has now been held since August 2016, although money market traders do not expect it to remain there much longer. It has[…]