The Reserve Bank has left interest rates at historic lows as economic conditions improve, but the property industry says other measures are required to improve housing affordability.
CBA, the National Australia Bank, and Westpac are raising mortgage interest rates amid higher global funding costs.
Despite speculation about a Melbourne Cup Day surprise, the RBA Board decided to leave interest rates on hold this month.
Regardless of who wins Government, there seems little in our immediate economic future to indicate a major change to the status quo.
As we face uncertainty on the political front this will definitely make it increasingly difficult to manage the economy moving forward, but the future leadership will need to take responsibility for supporting the economy.
We urge those who are seeking to purchase property to ensure that they take a long term approach.
The RBA’s decision to leave interest rates on hold was widely expected and the right move in the current context, as the market finds its feet this year.
Laing+Simmons Managing Director Leanne Pilkington has harsh words for the big banks.
Australian banks write $12.9 billion in loans to investors in March.
How the major banks have reacted to the latest RBA cut.
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