Aussie Home Loans says mortgage enquiries have jumped 30 per cent since the Reserve Bank last pulled on its monetary policy interest rate lever by cutting rates to a record low of 1.5 per cent.
The RBA has defended its interest rate cut from last month saying the property rebound garnered from it won’t last long.
Reserve Bank minutes released from their May meeting and they reveal reluctance from board members to cut rates. As we know, the RBA went ahead
Instead of changes to negative gearing, the Government says increasing house supply and cracking down on union corruption are the best ways to address housing affordability.
The Reserve Bank has made its move on interest rates, cutting them to a new record low of 1.75 per cent in its ongoing effort
Property developers have issued a warning to the RBA that if they keep talking up apartment oversupply fears, it will cause more banks to withdraw
The RBA has left interest rates on hold for the 11th straight month but another rate cut could be on the cards if the Australian
The RBA has kept interest rates on hold at 2 per cent for the tenth month in a row, and their language indicated the slightest
Top economist Dr Shane Oliver says the RBA will have to cut interest rates below their current record low of 2 per cent.
AUD/USD – Short term trend UP, Long term trend UP
The AUD/USD broke through resistance of 1.0600 and has traded as high as 1.0792. RBA leaves rates unchanged and downgrades the Australian growth forecast. The global growth outlook is a concern for the RBA with European sovereign debt issues weighing on the European banking system.
