The nation's financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.
News
The Reserve Bank has decided against a third rate cut in a row
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09 August 2019
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.
Negative gearing concessions on vacant land have been scaled back
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07 August 2019
The Federal Government has introduced legislation to Parliament – backdated to July 1 – that cuts back negative gearing concessions on vacant land.
US Fed cuts rates for the first time since the GFC
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02 August 2019
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.
RBA rate cut moves hinge on inflation figures
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31 July 2019
Economists say it’s well and truly possible that the Reserve Bank could cut interest rates twice more in the next year.
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