Cash Rate Cuts to follow Soon? ABS data reveals Key Insights Latest ABS data has stoked the chatter on one of the most speculated topics of the year: Will RBA implement cash rate cuts any time soon? Latest all groups Inflation data has dropped to the levels of 2.8% which is now within the targeted …
Breaking the silence on the argument that has been doing rounds within investor circles for some time now, RBA has finally published an article in which the central bank has found it inconclusive that high interest rates have driven rent increases over the last few years. This was primarily suggested by the fact that leveraged …
RBA investigates the Causality between Cash Rate and Rent Inflation Read More »
Alan Oster, the chief economist at NAB , anticipates that the Reserve Bank of Australia (RBA) will commence the process of reducing interest rates in February as inflation continues to subside and wage growth stabilises. NAB predicts that the initial reduction will be 25 basis points, marking the beginning of a gradual transition to a …
Big Savings Ahead? NAB Predicts Early Rate Cuts in 2025! Read More »
Confidence in the housing market is rising, with new data revealing a 9.1% jump in home loans for the purchase and construction of new homes in the three months leading up to August, compared to the same period last year. “This growth in lending comes from a shallow base,” said Tim Reardon, chief economist of …
Housing Market shows resilience with growth in New home lending Read More »
Key Highlights: Loan Boom in Australia: Western Australia and Victoria • Western Australia and Victoria are driving the expansion of owner-occupied loans, with yearly increases of 7% and 6% respectively. • Mortgage Insights reports an 8.8% annual increase in the average interest rate on a new house loan in Australia. • Buyer activity is shifting …
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