Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. Notwithstanding a strong Australian dollar the RBA remains comfortable with a contained inflation rate and a slowly improving labour market. Business credit has expanded (0.7% for the month of February) resulting in an […]
Cash Rate – No change The Reserve Bank of Australia (RBA) has announced it will maintain the official cash rate at 2.25%. Following last month’s RBA decision to reduce the cash rate by 0.25% for the first time since August 2013, the RBA decided to defer any action so as to better understand the effects […]
The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. It may be Super Tuesday in the United States but it is also a huge week for local financial data, including the GDP figures for our last quarter. The Bank will prefer to assess this information to see […]
First Point Group always work to find the best possible outcome for our clients. In this case study, Kate had a $300,000 fixed rate home loan, and a $400,000 variable home loan ($700,000 total). Kate sold her home, but had not yet found a new property to buy. She was happy to rent for a […]
We recently wrote regarding significant changes in the Australian residential investment loan market over the past couple of months. This intervention by APRA (Financial System Regulator) sparked the beginning of a process for Australian Lenders to not only reduce the volume of investment lending, but just as importantly, to bolster the amount of capital Lenders […]
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. The RBA remains comfortable to provide a period of stability, to allow business and consumers some certainty over the coming months particularly following the recent change of political leadership. The financial markets […]
“Should First Home Buyers have access to superannuation for a home deposit?” Source: Digital Finance Analytics 30/09/2015 DFA recently published 5 reasons why first home buyers should not be able to use superannuation towards a house purchase, summarised as follows: First, measures to boost demand for housing, without addressing the well-documented restrictions on supply, do […]
Australia – Interest Rate Forecast for 2016
In the past couple of months we have seen significant changes in the Australian investment loan market. As you may have seen recently in the media, the Australian Prudential Regulation Authority (APRA) – the prudential regulator of the Australian financial services industry – is concerned about the recent strong growth of lending to property investors, […]
Cash Rate – No Change The Reserve Bank of Australia (RBA) has announced it will maintain the official cash rate at 2.00%. Notwithstanding the extreme market volatility last week the RBA remains comfortable to remain on the sidelines until there is significant financial data which influences the next change. The reduced Australian dollar, improvement in […]
