In the space of just a few days, we’ve seen big bank rate hikes, no change to the official cash rate, and property prices fall in key markets. Let’s break it down to see what it all means for spring 2018.
The whistle may have just blown on the 2018 World Cup, but there’s also plenty going on in the property and mortgage markets, and recent developments could help you kick some goals of your own.
As we head into autumn, the property market is dishing up every buyer’s favourite combo: low rates and cooler prices.
What a year it’s been. Property prices have soared in some areas, fallen in others ; and investor lending rates have climbed despite the official cash rate holding firm.
The cash rate stays on hold in time for Christmas.
In an unsurprising move, the Reserve Bank of Australia has kept the official cash rate on hold at 1.5% in November and indicated that there will be no change for some time to come.
The Reserve Bank left the cash rate on hold in September for the 13 consecutive month at 1.5 per cent, despite economic signs improving across a range of sectors.