by Wendy Chamberlain | Dec 4, 2019 | Buying a Home
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...
by Wendy Chamberlain | Nov 5, 2019 | Buying a Home
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...
by Wendy Chamberlain | Nov 4, 2019 | Auctions, Buying a Home
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....
by Wendy Chamberlain | Oct 1, 2019 | Buying a Home
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%,...
by Wendy Chamberlain | Sep 3, 2019 | Buying a Home
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...
