Once again, the RBA has held the cash rate at 1.5 per cent today as the economy continues to grow moderately, the inflation rate sits in its target range and unemployment remains steady.
From property values to interest rates, we look at where we’ve been and where we’re headed with insight and analysis from industry experts and forecasters.
The Reserve Bank continued to hold the cash rate at 1.5 per cent at its July meeting today, as the inflation and unemployment rates remain low, counter-balanced by continued growth in the Eastern Seaboard housing market.
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It’s good news for home owners, home-seekers and renters alike with the Reserve Bank (RBA) announcing it would keep the cash rate on hold at a low of 1.5%.
Reserve Bank figures show the average home owner is 2.5 years ahead with their loan. If you’re not one of them, you need to read this.
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The Reserve Bank of Australia (RBA) eased interest rates in May, cutting the official cash rate to a record low of 1.75%. The cut was the RBA’s reaction to inflation falling below its target of 2-3%⁶, and with it the risk of deflation.
Morrison’s budget offered good outcomes for small businesses and middle-income earners, with potential tax savings for both these groups. But it was superannuation reform that dominated the 2016 federal budget.