The RBA has made its decision on the cash rate, choosing to hold it at 1.5%. It has now been at this rate for 22 meetings and experts are not forecasting a change any time soon. Predictions coming in over the weekend and yesterday had forecast this decision, with AMP Capital’s chief economist, Dr Shane […]
From 1st July 2018, comprehensive credit reporting (CCR) will become mandatory, meaning banks will be forced to share detailed positive and negative financial history with other lenders. Currently, most lenders only share negative information such as credit applications, defaults, overdue payments, bankruptcy and judgments. Under the new regime, they will now also have to share […]
As property prices continue to rise, purchasing in a centrally-located or sought-after area is getting out of reach for the average working millennial. Instead, many are opting to rent rather than buy as it means not having to compromise their inner city or beach side lifestyle. But for those who are still eager to enter […]
The Reserve Bank has left interest rates unchanged at the historic low of 1.5 % for the 20th consecutive meeting. The current holding pattern is the longest stretch without a move, with the RBA last changing rates with a 25 basis point cut in August 2016. The decision was of little surprise, with the market […]
When purchasing an investment property, there are several factors that could increase or reduce your potential return on investment. In this case it’s not just location, location, location. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’. But how do you know what will appeal […]
It is possible for people to launch into the property investment market in their early twenties – in fact, this is a great time to start, when you are first launching into your career and don’t yet have any other financial responsibilities such as a family to support. However, buying an investment property can never […]
The Reserve Bank has kept interest rates on hold at the historic low of 1.5 per cent for the 19th consecutive meeting.
So, the time has come to upgrade your house. But should you buy first, or sell your existing place first? It’s a tough choice. Here are the key pros and cons.
If you are looking for a sound real estate investment, look beyond the typical two bedroom apartment and consider expanding your portfolio with a commercial property. There are three types of commercial property – office, retail and industrial. There are some significant differences between investing in commercial and residential real estate, each with a potential […]
It is now the 18th consecutive board meeting where the RBA has not budged from its emergency setting. The non-move equals the previous longest stint without rates changing since the RBA became independent from Federal Treasury, set between January 1995 and July 1996. The RBA last moved in August 2016 with a 0.25 percentage point […]