Entries by Simon Wood

Interest Rate Update – June 2016

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 […]

Interest Rate Update – May 2016

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 […]

Interest Rate Update – April 2016

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 […]

Interest Rate Update – March 2015

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 […]

Interest Rate Update – March 2016

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 […]

Changes to Interest Rates

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 […]

Interest Rate Update – October 2015

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?

“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 […]