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The Reserve Bank of Australia has cut the official cash interest rate to a record low of 0.1 percent. RBA Governor Philip Lowe said the move will help quicken the pace of economic recovery and noted "the Board is prepared to do more if necessary". "With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. RBA Governor Philip Lowe noted "As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia". Although under employment and unemployment remain high, Dr Lowe said employment had increased in June and …
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Sellng a home these days means you need to be on trend and clutter free with your interior design. Your goal should always be to have the buyer picture him or herself living in their new home - your home! Decluttering is vital, to ensure that any prospective buyer can visualise themselves living in the space. A declutter can include removing bulky appliances, any personal items and ensuring …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. Currently, the Australian economy is experiencing a very difficult period, with the biggest contraction since the 1930s. Since March, over 800,000 people have lost jobs, with many more on reduced hours or under …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have a more important role than the monetary policy which was the …
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The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook remains uncertain at this time. He cited the sharp rise in unemployment as many lost their jobs and financial markets have not …
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The Reserve Bank of Australia has decided to keep the latest record level cash interest rate of 0.25 percent. This is in response to the the corona virus pandemic that has been affecting global economies. RBA Governor Philip Lowe said the pandemic remains a major public health issue and many countries are expected to suffer the consequences. Increases in unemployment is just one of them. He …
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The Reserve Bank of Australia has decided to further cut the cash interest rate to its record low of 0.25 percent. This is to help prevent a recession in the country caused by the corona virus pandemic. The RBA revealed the currency has lost 20 percent this year. RBA Governor Philip Lowe said the aim of their decision is to help stabilize the economy and manage monetary and fiscal policies to …
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Residents of Australia who live abroad will no longer be able to enjoy capital gains tax (CGT) exemption on their family home. This is after the Australian Parliament passed new laws that changed certain policies on the CGT. More than 100,000 Australian expats are expected to be affected by these new laws. On the other hand, the government is expected to generate $581 million from these taxes. …
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Many first home buyers in Melbourne are still relying on their parents to get into the property ladder. New research has found that more than a third of parents in Victoria provide up to $50,000 in assistance to their children. Data from Mozo.com.au revealed that 37 percent of parents helped provide deposit or acted as a guarantor on a home loan while their children continue to live with them. …
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