Melbourne Auction Results | 4th July 2020

The Melbourne auction market recorded a 72 percent auction clearance rate (based on REIV data), up from 66 percent last week. This result is based on 300 auctions reported across Melbourne. 157 homes were sold at auction, 58 before auction with 85 homes passed in (31 on a vendor bid).  22 homes were withdrawn from[…]

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[…]

Reserve bank of australia keeps rates on hold

RBA Cuts Official Interest Rate to 0.50%

The Reserve Bank of Australia today decided to further reduce the current official cash interest rate by another 0.25 basis points. This makes the new 0.50 percent rate the new historic low after the last cut in October 2019. The rate has been kept on hold since its last point cut in October. The decision[…]

Reserve bank of australia keeps rates on hold

RBA Keeps Current Official Interest Rate

The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 0.75 percent. The rate has been kept on hold since its last point cut in October. The decision was also expected by analysts or traders although they are anticipating another cut soon by March or[…]

Reserve bank of australia keeps rates on hold

RBA holds rates at 0.75% in December

The Reserve Bank has held interest rates at the record low level of 0.75% this month. Thanks to the expected increase in consumer spending over Christmas and the New Year, the RBA decided to make no change to interest rates in December. Reserve Bank Governor Philip Lowe said “Given these effects of lower interest rates[…]

The reserve bank of Australia decides to keep rates on hold

RBA rates hold at 0.75%

The Reserve Bank today decided to hold interest rates at the historic low of 0.75%. The decision to hold interest rates after the October cut was largely expected given a minimal improvement in unemployment and a minor uptick in inflation. RBA governor Philip Lowe said “The low level of interest rates, recent tax cuts, ongoing[…]

Bidding at auction? Don’t make these mistakes.

By now I’m sure you’ve started to hear the media reporting that house prices are on the rise. For the past quarter, Melbourne house prices jumped 4.1 per cent, with houses regaining almost half of the price falls that occurred during the recent downturn. For those of us immersed in all things real estate, out[…]

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[…]