Australian real estate news
The recently released minutes for the Reserve Bank of Australia’s August meeting a fortnight ago shows that the board is pleased that the uptrend in home prices has stalled, according to Macquarie interest rate strategist Rory Robertson.
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Moderating housing growth pleases RBA
Staff Reporter The property market may see interest rates on hold for some time if the Reserve Bank’s August meeting minutes are anything to go by.
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RBA "comfortable" with cash rate
Australian Bureau of Statistics (ABS) Housing Finance figures for June show, in trend terms, the number of commitments for owner occupied homes fell 0.8 per cent, compared to the previous month. In seasonally adjusted terms, the number of commitments decreased 3.9 per cent.
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Housing Finance Commitments Trends Have Decreased
HONG KONG (MarketWatch) — Asian markets were mostly lower by midday Wednesday as the U.S. Federal Reserve’s economic assessment dragged on sentiment, with Japanese shares hit hard as exporters such …
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Most Asian markets lower, led by Tokyo shares
The Reserve Bank has called into question the Treasury forecasts that were used to seal the deal with the mining companies that paved the way for the election. When Prime …
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About those Treasury forecasts… The Reserve Bank think’s they’re… err…
Press Release Encouraging a healthy spring property market Potential and existing property market participants will be cheering the Reserve Bank of Australia’s decision to keep our cash rate steady at …
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Steady cash rate warms winter chill: PR
The official cash rate by the Reserve Bank of Australia (RBA) remains unchanged at 4.5 per cent today due to an increasingly uncertain global economic outlook compared to a few months ago.
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Official cash rate unchanged at 4.5 per cent
SYDNEY’S flagging auction clearance rate could receive a boost if the Reserve Bank keeps interest rates on hold for the next few months, Australian Property Monitors says.
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Decision to keep rates on hold could boost auction clearances
Households with mortgages have been advised to take advantage of the pause in interest rate rises and pay down their debts.
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Households recommended to reduce their debts
Last month, Real Estate Institute of Australia (REIA) President, Mr David Airey appealed to the Reserve Bank of Australia (RBA) to take the state of the housing market into consideration when making their decision regarding official interest rates. “Fortunately, the Reserve Bank have once again made a considered and accurate assessment of the property market and left official interest rates on hold,” said Mr Airey Since last month’s no change, housing affordability has once again worsened
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Holding interest rates the right decision – by REIA
