Just two months ago the interest rate was sitting at just 0.35 per cent, which is a full 1 per cent lower than it is right now.
Economists say APRA’s new lift to the borrowing interest rate buffer will slow house price growth and is effectively an interest rate hike.
The RBA says it wants to see wages rise before lifting the official cash rate but house prices could rise 10 times as fast as them in 2021 according to some forecasts.
The Australian Securities and Investments Commission has released its official guidance on the application of the best interests duty on mortgage brokers.
The best interest duty mortgage broker reforms that came out of the banking royal commission have been postponed for six months.
The RBA will be happy with new job market figures showing unemployment falling to its lowest level in nine months.
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.
Property sales in Australia have fallen further than the level during the Global Financial Crisis, putting downward pressure on prices across the country, led mainly by Melbourne and Sydney.
Despite dip in March, the national vacancy rate has been tipped by SQM Research to push the 3 per cent threshold by the end of the year.
The way people handle their money is having a significant impact on the health of Australians according to a new benchmark measure of financial wellbeing.
