News

Interest rates kept steady

By Mona Young

The Reserve Bank of Australia again kept interest rates steady and said recent economic developments had strengthened its view that rates can remain low for some time to come. They cited a pick-up in housing and consumption that was offset by a subdued labour market and slow wage growth.

The RBA also states that despite the fall in the local dollar to date, they anticipate further falls as the currency remains high for historical standards. Further falls will help to stimulate growth and investment from offshore, which is likely to further fuel housing prices and demand.

Auction clearance rates remain high at 87% for March, limited stock and strong buyer demand continues to drive this outcome.

Up to Date

Latest News

  • How to invest in real estate without affecting your lifestyle

    Most investors buy property as a means to securing a better financial future, but sometimes our future comes at the expense of our current lifestyle. But there are ways to minimise investing expenses so you can still indulge in dinners out, a gym membership and even the occasional holiday abroad. … Read more

    Read Full Post