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We regularly provide updates and commentary on the finance industry in Australia. Feel free to provide your thoughts.
The latest CoreLogic insights reveal that while economic indicators are improving, we're still not quite at the finish line for a rate cut. With data moving in the right direction but inflation and wages growth still holding sway, the Reserve Bank remains cautious. This is a key reminder for anyone with a mortgage to stay proactive. Keeping a close eye on rates—and ensuring you're getting the best deal—is more important than ever. Make sure you're not left behind when rates do move—Sign up to RateTraker today to stay ahead!
#propertymarket #mortgagebroker #interestrates #FinanceUpdates #ratetraker
smpl.is
There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points.A big thank you to the WBP Group for consistently delivering high-quality insights into the property market. Their latest Australian Property Market Update (May 2024) offers some compelling takeaways.
One point from Melbourne’s residential market caught my attention:
After a strong start in 2024, stock levels are tapering, with investor-grade properties seeing increased supply due to higher borrowing costs and land tax, affecting investor confidence. Building approvals are also at their lowest in over a decade.
Read the full update here:
Australian Property Market - WBP Group Market Update May 2024 - WBP Group
smpl.is
The 2023 property market proved to be one of surprise, but also of challenge. With rising interest rates, inflation and increasing cost of living impacting consumer confidence, the Australian prope...Inflation post-COVID has been a hot topic, but could we have avoided some of the impact? Finance & Insurance (interest costs) and Transport (CPI increases from fuel tax) both pushed inflation higher. If these pressures were managed differently, we might be in a better position. A big question for the RBA and the government to consider. #Inflation #Economy #Policy #RBA #CupDayRateCut
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Australian Bureau of Statistics on LinkedIn: In case you missed it, here is our top post from September! Australia’s…
In case you missed it, here is our top post from September! Australia’s overall CPI (Consumer Price Index) has risen by over 70% since 2004. Of the different…
The RBA missed an opportunity to reduce the official rate by 0.10% this week, but with CPI already falling within the target range, a move at the next meeting on Cup Day is crucial. Lowering rates now would help steer the economy toward a soft landing.
Headline inflation drops to 2.7pc, down from 3.5pc, as energy rebates kick in
smpl.is
That huge slowdown in the pace of headline inflation was expected, but economists say it needs to be interpreted cautiously.With Australian inflation easing, is now the time for the RBA to consider lowering rates? A small reduction of 0.10% to 4.25% could be the first step towards ensuring a soft landing for the economy.
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#interestrates #RBA #inflation #EconomicOutlook #mortgagebroker #EconomicPolicy #softlanding #ratecut #ppmfinance
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
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Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.