Archives for July 2017

According to the minutes released from the Reserve Bank of Australia’s July 2017 meeting, officials believe the neutral real interest rate may sit at 3.5 per cent, this magic number being described as the, “interest rate at which output growth is at potential and inflation is stable.” This is quite an increase above the current cash rate of 1.5 per cent and analysts believe these comments act as a signal to the market that a series of increases are on the horizon. As usual, there are … [Read more...]

Anyone else feel that despite the vast amount of research conducted into the property market, there’s never anything particularly relevant for those of us living in Canberra? Us too! So we decided to change that. We were particularly interested to see how Canberra's property prices compared to Sydney.  We know how they differ right now, but how has this changed over the last decade? Here’s what our team discovered. Right now, the gap between Canberra and Sydney house prices is the … [Read more...]

We have spoken about off-plan property purchases before. Here we cover what an off-plan purchase is. And here, we mention the things you need to consider when committing to one. Due to the unprecedented level of change in the lending environment, we wanted to add to the conversation about an off-plan purchase to ensure you’re completely across the risks and doing everything you can to minimise them. The first step if you’re considering purchasing a property off-plan, is to get your … [Read more...]

At the RBA Meeting held today 4 July 2017, the Board decided to leave the cash rate unchanged at 1.50 per cent.  Here is an extract of the Media Release issued by Phillip Lowe, Governor: Monetary Policy Decision.  The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties … [Read more...]