Inflation rate jump signals the end for more 2019 rate cuts
It looks as though interest rate cuts from the Reserve Bank are done for the year after inflation rose to 1.7 per cent in the September quarter.
It looks as though interest rate cuts from the Reserve Bank are done for the year after inflation rose to 1.7 per cent in the September quarter.
Mortgage brokers have another win from the federal government after buying more time to earn commissions for draw downs on extra debt.
Making poor decisions in your first foray into the property market can cost dearly so it’s important to avoid the avoidable.
Australian Competition and Consumer Commission chairman Rod Sims says the gap is a show of disrespect from the banks towards their loyal customers.
Major think tank player the Grattan Institute says the new federal government plan to help first home-buyers afford a deposit is ineffective and might even be counterproductive.
High net-worth investors are behind a big surge in capital being invested in the commercial property sector around the country.
Mortgage brokers say the record-low interest rates of just 0.75 per cent will see borrowers borrow more for their mortgage despite debt risks and economic uncertainty.
Some of the biggest movers and shakers in the real estate industry have come out in support of the Government’s calls to release the shackles of tight lending restrictions to get credit flowing again.
The nation’s central bank didn’t stop there, indicating it will cut rates again if employment, economic growth and the global economy don’t improve.
Commonwealth Bank has stoked the fire of competition among the big banks by slashing its fixed interest rates by up to 90 basis points across its mortgage products.