When our economy is sluggish and it needs a kick along the best way to initiate activity is to cut interest rates right? Wrong, according to one of Australia’s leading economists.
The RBA surprised a few pundits yesterday when they left interest rates unchanged at 2.5 per cent.
The country’s biggest mortgage broker, AFG, has reported a 16 per cent jump in the value of home loans processed last month after interest rates were cut quarter of a per cent back in February.
The Abbott Government’s financial systems inquiry head David Murray says Australia needs to introduce limits on borrowing.
The large and continually growing supply of apartments in Melbourne is failing to deter offshore investors.
Pressure on the RBA to again cut interest rates has eased slightly after unemployment figures released from the Australian Bureau of Statistics for February show a small drop.
The robust property market and rising prices are seeing more Aussies turn to home renovations.
In yesterday’s minutes from March’s RBA policy meeting it was clear further cuts to INTEREST RATESimage this year could be on the agenda.
Young people that are doing well financially are benefitting most from the sustained period of low interest rates, and it’s largely at the expense of older Australians.
The Foreign Investment Review Board (FIRB) says uncovering and prosecuting illegal residential property buying by foreigners is very difficult and a certain amount slipping through the cracks is inevitable.
