RBA Cuts Again Blog article
As anticipated by market analysts, the Reserve Bank of Australia (RBA) cut the official cash rate for the second month in a row, bringing it to just 1% p.a. – a new historic low. RBA Governor Philip Lowe said last month:
“The possibility of lower interest rates remains on the table”
Many analysts expect at least one more RBA rate cut by November this year, and whilst most lenders passed on last month’s rate cut to borrowers, causing home loan interest rates to hit their lowest levels since November 2016, it will be interesting to see what happens this time round.
On the property market front, CoreLogic reported that home value falls are slowing and auction clearance rates are up, so if you’re looking to buy a home it could be a good time to make a move.
Call our lending specialists Josh and Christine to find out more on 03 9686 4976.
Mar
At its March meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. However, changes are happening in the market...
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Jun
Learn why banks are raising rates outside of the RBA's decisions on interest only loans. Should you switch to principle & interest repayments?
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Mar
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Nov
Our Managing Director, James Taylor's overview of the last financial quarter, and forecast for interest rates, property and financial markets.
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May
At its May meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. However, Australian lenders are still increasing rates to keep in line with APRA's new lending rules...
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Jun
At its June meeting today, the Reserve Bank of Australia (RBA) cut the official cash rate to just 1.25% - the lowest level in Australian history.
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Sep
The RBA may have held the official cash rate at the first spring meeting, but interest rate changes continue in the home loan market:
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Feb
The Reserve Bank of Australia didn't move the official cash rate at the first meeting of 2017. Meanwhile, many lenders have been adjusting their interest rates outside of RBA movements this summer.
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May
Yesterday the Reserve Bank dropped interest rates by 0.25% to a record low 1.75%, but what's next? James Taylor gives us his view here...
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Dec
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