The major bank has revised its cash rate forecast, now expecting the Reserve Bank to hike rates to 3.35 per cent by November. Under this revised outlook, ANZ has said that the Reserve Bank (RBA) will introduce four-consecutive, 50-basis point (bp) bumps between now and November’s cash rate decision. The cash rate will remain at […]
While the RBA deputy governor warns Australian borrowers pose “potential risks” to the financial sector, ballooning assets may buffer any financial risks. In her first major speech since being appointed in April, Reserve Bank of Australia’s (RBA) deputy governor Michele Bullock told the Economic Society of Australia that while indebted homeowners posed more risk to the […]
Property prices may be dropping, but that doesn’t mean that things are slowing down for the property market. According to figures from PropTrack, new listings were up 8.5 per cent year-on-year across the country, making it the busiest June for new listings since 2011. The winter months usually bring about a seasonal lull. This June […]
Several lenders have announced interest rate rises on mortgage and savings rates, following the central bank’s decision to raise the cash rate by 50 bps. On Tuesday (5 July) the Reserve Bank of Australia (RBA) announced at its monetary policy meeting it will increase the cash rate by 50 bps to 1.35 per cent. Following the move, […]
The latest cash rate decision from the Reserve Bank of Australia (RBA) will have an impact on the nation’s property market as households cool non-essential spending to fight rising costs. The latest RBA decision, handed down on Tuesday, 5 July, at its monthly board meeting, saw a second consecutive 50-basis point lift to the cash rate, resulting […]
Following its monthly monetary policy meeting today (5 July), the Reserve Bank of Australia (RBA) has announced that it will increase the cash rate by 50 basis points (bps). The move is the second 50-basis-point hike in a row and follows the 25-bp hike in May, taking the official cash rate to 1.35 per cent. The RBA’s […]
An expert is warning home owners to prepare for the full impact of a 50-basis point hike today (5 July) and to further brace for more hip-pocket pain to come as the central bank beefs up efforts to rein in inflation. With the Reserve Bank of Australia widely expected to dole out back-to-back half-percentage point […]
New South Wales Premier Dominic Perrottet has released details of his planned reforms to stamp duty in the state, though the changes don’t go as far as he’d like. Under the new scheme, first home buyers will be able to choose between an upfront payment or a smaller annual property tax if they are purchasing […]
Brisbane remained steadfast in delivering solid gains during the last month of autumn, rising above other capital markets that retreated further from the property boom. But with a series of rate hikes on the horizon, will the city’s prospects continue to be bright for the rest of the year? The possible continued downturn of Australia’s […]
If your investment only term is coming to an end, it’s important to plan ahead. Learn more about your options so you can make an informed decision. Residential property investors often choose to lock their loan into an interest-only period. As a landlord, an interest-only investment loan can be a good way to reduce your […]