Cash Rate – Reduced to 1.5% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.5%. In a finely balanced decision the RBA would have been particularly influenced by the results of the June quarter inflation rising only 0.4% and hence only 1.0% over the twelve months […]
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. Notwithstanding the uncertainty surrounding both the Australian election outcome and the aftermath of Brexit the RBA has a preference to await the results of the June quarter inflation figures (due later this […]
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. This follows last week’s better than expected GDP figures which showed annualised economic growth at 3.1 per cent. It is interesting to note that business lending has been growing at a slightly […]
Cash Rate – Reduced to 0.25% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.75%. The weakness of the March quarter’s inflation figure (-0.2%) shocked many Economists. This was the first time the headline inflation rate has fallen since December 2008 and the resultant annual inflation […]
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 […]
