Cash Rate Decision October 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. This is the fourth consecutive month the RBA has held the cash rate. Why Did The RBA Leave The Cash Rate Unchanged? In her statement on the RBA’s decision, Governor Michele Bullock said, “Interest rates have been increased by 4 percentage points […]
NSW Budget 2023/24: A Closer Look At Affordable Housing Plans
The NSW Budget for financial year 2023/24 was revealed on 19 September 2023. Treasurer Daniel Mookhey outlined a plan that addresses COVID-19, rapid technological change, climate change, and global political instability, focusing on economic stability, housing affordability and essential services. We’ve sifted through the details to provide you with insights into the budget features that […]
Cash Rate Decision September 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. This is the third consecutive month the RBA has held the cash rate. Why Did The RBA Leave The Cash Rate Unchanged? In his statement on the RBA’s decision, Governor Dr Philip Lowe said, “Interest rates have been increased by 4 percentage […]
Housing Values Rise for the Sixth Consecutive Month
Housing values rose for the sixth consecutive month in August, with the Home Value Index (HVI) increasing by 0.8%. This represents a slight uptick from the 0.7% growth observed in July. Since hitting its low point in February 2023, the HVI has increased by 4.9%, adding $34,301 to the median dwelling value. Every capital city […]
A Resilient Recovery and Emerging Trends
CoreLogic’s Home Value Index rose 0.7% in July, marking the fifth consecutive increase in the housing recovery. Since hitting a low in February 2023, the national home value index has gone up by 4.1%, following a fall of 9.1% from the record highs in April 2022. Nationally, home values were still 5.3% below the peak […]
Cash Rate Decision August 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. This is the second consecutive month the cash rate was held. Why Did The RBA Leave The Cash Rate Unchanged? In his statement on the RBA’s decision, Governor Dr Philip Lowe said, “Interest rates have been increased by 4 percentage points since […]
Australian Housing Market: A Fragile Recovery Continues
It was the fourth straight month of rising housing values. CoreLogic’s Home Value Index went up 1.1% in June, falling slightly off the pace from the 1.2% gain recorded in May. The market was still 6% below its peak in April 2022, however, the equivalent of dwelling values being $45,771 below that peak average of […]
Cash Rate Decision July 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. Why Did The RBA Leave The Cash Rate Unchanged? In his statement on the RBA’s decision, Governor Dr Philip Lowe said, “Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish […]
Support For First-Home Buyers In South Australia
South Australia announced the 2023/24 state budget on 15 June 2023. As part of the budget, first-home buyers in South Australia can get the following: Relief from stamp duty An increase in the property price cap for eligibility for homeowner grants A loan for building a new home with a deposit as low as 2%. […]
Cash Rate Decision June 2023: RBA Increases Cash Rate To 4.10%
The Reserve Bank of Australia (RBA) has increased the cash rate to 4.10% for June 2023. How Does The Cash Rate Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest rate, it will almost […]
