The Reserve Bank governor Philip Lowe says he’s confident the Australian economy will bounce back strongly from the extended eastern states lockdowns and insists interest rates will remain low for years to come.
News
Banks are slashing variable rates as the RBA keeps the official cash rate on hold again
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09 September 2021
The Reserve Bank has kept the official cash rate on hold again this month, but it hasn’t stopped banks from slashing variable mortgage rates to try and lure customers.
One-on-one home inspections should return once we hit 70% vaccination rate
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07 September 2021
The government says it expects that COVID vaccination rate milestone to be reached by September 23.
End of HomeBuilder scheme sees drop in new home build approvals
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02 September 2021
The end of the HomeBuilder government incentive scheme has seen a sharp drop in new dwelling approvals.
Auction clearance rates succumb to another lockdown
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31 August 2021
Melbourne’s terrific auction clearance rates have finally succumbed to the latest lockdowns and delta outbreak.