February 2, 2016
RBA cuts interest rates to lowest level since 1959
Interest rates today took another quarter of a per cent drop, stooping to their lowest levels since 1959.
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February 2, 2016
New figures show home loan approvals on the rise
An improving housing sector has been reflected in new Bureau of Statistics figures that show an increase in home loan approvals.
February 2, 2016
RBA warns banks to maintain lending standards despite cheap credit
The RBA has warned banks to maintain their lending standards while record-low interest rates fuel demand for new home loans.
February 2, 2016
Retail spending soft as homeowners pay down mortgages
The Reserve Bank says homeowners have used between 50 and 90 per cent of the money saved from ongoing interest cuts to pay down their mortgages ahead of schedule.
February 2, 2016
Interest rate cut looking unlikely
Despite the Australian dollar’s recent recovery, RBA October minutes suggest there will be no change to interest rates next month.
February 2, 2016
Rippleside Victoria’s best performing regional suburb
Geelong’s suburb of Rippleside is the state’s best performing regional location, with its median house price jumping 32 per cent in the last 12 months.
February 2, 2016
Moonee Ponds’ Hall Street site goes for $23m
Moonee Ponds is set for a major retail and residential development after its Hall Street site was bought for $23 million by Leighton Properties.
February 2, 2016
Growing expectations the RBA’s rate-cutting cycle is nearing its end
Finance experts are saying the cheap home-loan cycle may have come to an end as fixed-term interest rates have risen for the first time in three and a half years.
February 2, 2016
Construction of new homes finally on the rise
The improving housing market has finally led to an increase in new-home construction – for the first time in three years.
February 2, 2016
Full-time jobs sliding as rates remain on hold
Expectations of a near-term reduction in interest rates remain low despite full-time job losses in the labour market being at their highest level in 16 months.