The Reserve Bank of Australia (RBA) has confirmed it is lifting the cash rate for the sixth consecutive month, with another 25 basis point increase following October’s Board meeting. The cash rate has now surged to a nine-year high following a rapid 250 basis points increase in just 153 days, as the RBA battles to curb rising inflation. Philip Lowe, Governor of the Reserve Bank of Australia, …
RBA rises interest rates at their fastest pace in three decades
At their monthly meeting this afternoon, the RBA has decided to further raise its cash rate by 50 basis points, taking it from 1.85% to 2.35%, it's fastest pace in three decades. Shane Oliver, Chief Economist at AMP, told news.com.au, "They've done five hikes in a row, four consecutive 0.5 per cent increases, it's the fastest tightening cycle since 1994." On top of that, Australia's 2.35 per cent …
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RBA Hikes Cash Rate to 1.85%
At its monthly meeting today, the RBA once again has decided to raise Australia's cash rate by 50 basis points, taking it up to 1.85%, with predictions of more hikes to come over the coming months. As stated in Domain's article today, in a statement by RBA governor Philip Lowe, recent increases in interest rates were required to bring inflation back to target, while also flagging further rate …
RBA Raises Interest Rate to 1.35%
Today the RBA raised the interest rate to 1.35%, a further 50 basis points from their rise in June 2022, marking its third monthly rate rise in a row. As stated in Domain's article today, in a statement following today’s decision, Mr Lowe said inflation was expected to peak later this year before settling into the Bank’s target 2 to 3 per cent range next year as global supply issues ease and …
What Buyers are looking for when purchasing a home
When purchasing a home, buyers tend to have a list of criteria that they are looking for. For each home buyer, it differs. Whilst some look for flat homes and a big backyard, others might opt for an apartment in the city center. A recent article from Realestate.com.au, shows that the pandemic has changed a lot of home buyers priorities, and things that were once considered a luxury, are now …
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RBA Raises Interest Rate to 0.85%
Today's monthly interest rate meeting saw the Reserve Bank of Australia raise the current cash rate to 0.85%, returning to its highest level of since September 2019. This shock move also marks the first back-to-back rate rise in 12 years. In a statement, RBA's Governor Philip Lowe said "today's increase in the interest rates by the Board is a further step in the withdrawal of the extraordinary …
Six ways a Buyers Advocate can help you purchase a home
The key difference between a buyer's advocate and a real estate agent is who they represent. A real estate agent is acting on behalf of the seller, also known as the vendor. A buyer's advocate is acting purely on behalf of the buyer, working exclusively for them to achieve the very best outcome for their client. Here are 6 ways a buyer's advocate can work with you to find the right …
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The importance of getting a property inspected before buying
When it comes to buying a home, it is essential to recognise that you are responsible for much of what takes place. Once the transfer of ownership is complete, you are often liable for any pre-existing defects, including illegal alterations to the property. As Consumer Affairs Victoria (CAV) outlines on its Contracts and Disclosure Statements webpage, sellers must provide prospective buyers …
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Staging can help sell your home
There are many things to consider when selling your home. The best possible price is one such thing! Staging your home, also known as property styling, can help achieve this. Staging your home involves making a good first impression. It can transform your home and highlight its best features to the potential buyer. Staging tasks can involve things like modern styling, de-cluttering, …
Selling your home? Have you considered staging?
There are many things to consider when selling your home. The best possible price is one such thing! Staging your home, also known as property styling, can help achieve this. Staging your home involves making a good first impression. Staging can transform your home and can highlight its best features to the potential buyer. Staging tasks can involve things like de-cluttering, …
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