Tag Archives: cash rate

The prospect of Australia plunging into recession has risen as excessive as 70 per cent, in accordance with some economists, on the again of the Reserve Financial institution of Australia’s aggressive price hikes which at this stage haven’t any finish in sight. With 9 consecutive hikes since Could final yr, …

With Aussies stretched to the restrict amid hovering value of residing pressures and skyrocketing rates of interest, specialists are sounding the alarm over a recent disaster to return. Based mostly on earlier financial traits, it’s now clear that situations are lining up for an avalanche of insolvencies within the months …

The Reserve Financial institution has issued a grim warning it should do no matter it takes to deliver down inflation and warned owners to anticipate extra ache to return after climbing rates of interest for the ninth time since Could — resulting in a name for the financial institution’s boss …

Because the Reserve Financial institution of Australia appears to be like to carry rates of interest for a ninth consecutive time on Tuesday, one Sydney-based mortgage dealer estimates her month-to-month repayments have elevated by $1500 over the previous 12 months. “It’s sitting at about $9500 a month and we were …

Because the RBA first started elevating rates of interest in Could final 12 months, it has come beneath a substantial amount of criticism for elevating charges a lot sooner than its earlier commentary had steered. The broader narrative was that it was extremely unlikely that the RBA would increase interest …

There are fears that the chance of Australia falling into recession has risen with early indicators pointing to potential monetary doom for the nation because the pressure of hovering inflation and value of dwelling pressures present no indicators of easing. Whereas retail gross sales dropped by 3.9 per cent in …

Australians will by now all be conversant in falling property prices. Particularly in Sydney and Melbourne the place the bust has been underway longest. It has now unfold in all places. How far are property costs going to fall? There are usually three levels to any property bust. Part one: …

In recent months there has been a great deal of debate surrounding the “fixed rate mortgage cliff” and its impact on the housing market and the broader economy. Opinions on the issue range from it being viewed as a relative non-event, to those who view it with far greater levels …

Home costs have tumbled for the ninth month in a row as rate of interest will increase take a chunk out of the property market. The price of buying a house has deepened by 0.21 per cent in December, bringing values to 2.29 per cent beneath the place they had …