In light of the latest inflation data, the national real estate firm called on the Reserve Bank of Australia (RBA) to “take its foot off the interest rate pedal”. Executive chairman of Raine & Horne, Angus Raine, called on the central bank to consider taking a pause on hiking the cash rate during its monetary […]
This week, the Reserve Bank of Australia (RBA) governor Philip Lowe publicly apologised to Australian home owners for the recent interest rate hikes. And while an apology is always welcome, especially from a bank, I believe it was too little too late. The RBA was talking about rates going up in 2024 as recently as […]
From the rebranding of existing federal government deposit schemes to increases in price caps for the Home Guarantee Scheme, there are changes unfolding in Australia’s property buying landscape that could benefit thousands of Australians. This year, we’ve seen the introduction of the Regional Home Guarantee, which is set to expand opportunities even more for those living […]
While economists remain divided on how much inflation and the cash rate will lift, there’s consensus that both will increase. ANZ’s senior economist, Catherine Birch, expects inflation to “run a little higher than previously forecast”, forecasting the Australian Bureau of Statistics consumer price index (CPI) today (30 November) for the month of October to jump […]
Tuesday’s decision by the Reserve Bank of Australia (RBA) to raise the cash rate to 2.85 per cent, the highest in nearly a decade, will add further financial pressure to Australians. Philip Lowe, RBA Governor, hinted that the decision to raise the cash rate by 0.25 percentage points at the Board’s November meeting will not be the […]
The value of owner-occupier mortgages dropped almost 10 per cent in September, according to the Australian Bureau of Statistics. In a month’s time, owner-occupier housing loans fell by 9.3 per cent to $16.8 billion in September 2022 according to the latest Australian Bureau of Statistics (ABS) data. In annual terms, owner-occupier mortgages fell 19.9 per […]
One-stop shops encouraging SMSF property investment and borrowing still continue to account for a sizeable portion of SMSF disputes, says AFCA. Speaking at a recent event, Australian Financial Complaints Authority (AFCA) acting lead ombudsman Shail Singh said that property investments in SMSFs continue to be one of the bigger dispute areas for SMSF advice. For the […]
Since peaking in January 2022, Sydney’s house prices have declined significantly, and new data from RateCity predict this trend to continue through to next year’s conclusion. According to the research body, home prices in the NSW capital — which have fallen 9 per cent in the last 10 months — could drop a further $175,087 by the […]
With just three months left of 2022, the Reserve Bank of Australia (RBA) has now handed down its first decision of the final quarter. Following on from five previous, consecutive rate hikes, the RBA has announced that the new cash rate will be 2.60 per cent, a lift of 25 basis points from the previous […]
The RBA has flagged more options are on the table for the next cash rate hike in October. The Reserve Bank of Australia (RBA) will continue to lift interest rates until it is confident that higher inflation will not become entrenched, the governor of the RBA, Philip Lowe, told the House of Representatives Standing Committee […]