by Adrian Suljanovic•14:30 PM, 1 Aug 2023 The Reserve Bank has paused the cash rate yet again as it waits to assess the impact of the previous 12 hikes. Following its August monetary policy meeting today (1 August), the Reserve Bank of Australia (RBA) has decided to hold the official cash rate steady at 4.1…
Latest Property News
Research News • 19 Jul 2023 In this Property Pulse, Eliza Owen explores the correlation between the cash rate and rents, as well as investor activity more broadly. As inflation moves past its peak, the RBA is getting closer to the end of rate hikes. This could be good news for renters, because growth in rent…
By Kate Aubrey 26 July 2023 As the quarterly inflation data came in below market expectations, some economists revised their cash rate estimates. Inflation in Australia showed encouraging signs of moderation, according to the latest quarterly Consumer Price Index (CPI) data released by the Australian Bureau of Statistics (ABS). The CPI data for the second…
By Annie Kane 14 July 2023 The federal government has confirmed who will take over the reins as governor of the Reserve Bank of Australia following Philip Lowe’s departure in September. Following a cabinet meeting on Friday morning (14 July), Prime Minister Anthony Albanese and Treasurer Jim Chalmers named Michele Bullock as the next governor of the…
Research News • 06 Jul 2023 Tenants may be relieved to hear Australia’s monthly rate of rental growth eased in June, but ongoing demand pressures and chronic undersupply has kept rental growth, particularly for units, well above long-term averages. CoreLogic’s Quarterly Rental Review for Q2 2023 shows the country’s quarterly rental growth trend of 2.5% was in…
by Adrian Suljanovic The decision to hold will come as a welcome relief for many borrowers, however the door is still open for a further hike next month. The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.1 per cent. This marks the second time the RBA has decided…