After much speculation over the last couple of months, with plenty of people split over which way interest rates would go next, the Reserve Bank last night dropped them a quarter of a per cent to a new record low of 2.25 per cent.
News
Australian dollar falls below 78 US cents
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30 January 2015
The Australian dollar is spiralling down at a rate of knots, early this morning it hit a five and half year low of 77.55 US cents.
Mortgage delinquency on the improve
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29 January 2015
Mortgage delinquencies are down across Australia in the last year, suggesting home owners are finding it easier to pay their mortgages.
Property investment hotspots for 2015
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22 January 2015
Property investment hotspots look set to move from the major capital cities to some popular tourist destinations in Queensland.
Australian housing sector set for correction period
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21 January 2015
It appears Australia’s housing boom is set for a cooling period this year.
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