September 4, 2019
RBA holds its nerve and keeps rates at 1%
The Reserve Bank left interest rates on hold yesterday but many economic experts think they’ll be cut again as soon as next month.
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August 29, 2019
Some banks are offering cut mortgage rates below 3 per cent
Banks are now offering some of the lowest fixed mortgage interest rates ever, with some dipping below 3 per cent.
August 28, 2019
Treasurer moves to implement Hayne recommendations for mortgage brokers
Treasurer Josh Frydenberg is moving to implement some of the Hayne royal commission recommendations for mortgage brokers, targeting best-interest duties and bonus commissions.
August 22, 2019
RBA’s August minutes forecast long period of low interest rates
The latest minutes from the RBA’s August meeting show the central bank expects a long period of record-low interest rates while the economy continues to weaken and the global economy suffers through trade wars.
August 21, 2019
Melbourne property market is gaining momentum
Dwellings that have been hanging around on the market for months have started to sell indicating the downturn has finally ended.
August 16, 2019
Westpac announces improvements to loan policies
In the wake of their big legal win against ASIC this week, Westpac has announced its plan to improve its loan policies.
August 15, 2019
APRA has closed the deal on lending serviceability floor changes
The nation’s financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.
August 9, 2019
The Reserve Bank has decided against a third rate cut in a row
The Reserve Bank has decided against cutting rates for the third month in a row and has left them at their record-low of 1 per cent.
August 7, 2019
Negative gearing concessions on vacant land have been scaled back
The Federal Government has introduced legislation to Parliament – backdated to July 1 – that cuts back negative gearing concessions on vacant land.
August 2, 2019
US Fed cuts rates for the first time since the GFC
The US Fed has cut rates for the first time since the Global Financial Crisis and it has put pressure on the Reserve Bank here at home to lower its official cash rate again in the coming months.