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Odds of another RBA rate lift have surged ahead of the August 11 board meetingMarket expectations for a further 0.25% RB...
29/07/2026

Odds of another RBA rate lift have surged ahead of the August 11 board meeting
Market expectations for a further 0.25% RBA cash rate rise have jumped sharply in just one week.
Back on 17 July, the ASX Rate Tracker only priced a 16% chance of an August hike. As of 24 July, this probability had climbed all the way to 43%.
The key trigger was Australia’s much stronger-than-expected June employment print:
The economy added 76,300 new jobs, vastly exceeding the consensus forecast of roughly 15,000. The unemployment rate held steady at 4.4%, driven by a rise in workforce participation.
A resilient labour market gives the RBA scope to tighten monetary policy again if inflation remains persistent. Elevated global oil & energy costs are also adding upside inflation risks right now.
For now, a rate hold is still marginally favoured by markets, but another increase is no longer an unlikely outcome.
Tomorrow we’ll receive the critical June quarterly inflation figures — this data will almost certainly shift the hiking odds higher or pull them back down significantly.
What this means for mortgage holders & buyers:
1. Variable loan repayments will jump immediately if the RBA hikes;
2. Borrowing capacity will shrink further amid higher assessment rates;
3. Fixed rate pricing will edge up across most lenders in advance of the decision.
If you’d like to stress-test your home loan against both hold & hike scenarios, review refinance options or lock in a competitive fixed rate ahead of the call, feel free to send me a message anytime.
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RBA UPDATE | Effective August 7, 2024The result of today’s cash rate decision remains unchanged at 4.35%.Tanya Sale, CEO...
08/08/2024

RBA UPDATE | Effective August 7, 2024
The result of today’s cash rate decision remains unchanged at 4.35%.

Tanya Sale, CEO of mortgage aggregator group ‘outsource Financial’ said the RBA seems to be conscious of “not putting any further pressure on households.”

Ray White predicts that approximately 99 new suburbs will join the million-dollar suburbs list in Australia, which currently sits at 857 suburbs - NSW leading the nation with 358 million-dollar suburbs. VIC holds second place with 176 suburbs, closely followed by Queensland with 174.

RBA UPDATE | Effective May 8, 2024Following its two-day board meeting, The Reserve Bank of Australia (RBA) opted to hold...
13/05/2024

RBA UPDATE | Effective May 8, 2024

Following its two-day board meeting, The Reserve Bank of Australia (RBA) opted to hold the official cash rate at 4.35% for its third consecutive month. This decision came about because the board does not yet believe the time is right to move the official cash rate, despite the latest inflation data coming in higher than expected.

The board explained, “in the near term, inflation is forecast to be higher because of the recent rise in domestic petrol prices, and higher than expected services price inflation, which is now forecast to decline more slowly over the rest of the year.”

Property prices have hit yet another record high, with capital city house prices and units seeing value increases. According to Domain, capital city median house prices jumped 1% to $1.112 million, while capital city units rose 0.6% to a median of $637,578 over the quarter. For the combined regional areas, house prices fell 1.1% in the March quarter to $590,378. At the same time, units saw prices rise 2.6% to $465,711.

Oxford Economics Senior Economist, Maree Kilroy said the unprecedented increase in population numbers, led by mass immigration, is a catalyst for the uptick in prices, whereby despite higher interest rates, “demand eventually won out.”

Offshore investment in commercial dips for nowThe rising cost of finance has seen offshore commercial investors slow dow...
18/01/2024

Offshore investment in commercial dips for now
The rising cost of finance has seen offshore commercial investors slow down – but there are signs conditions might be improving.

According to Ray White Commercial, volumes fell by 48.11 per cent in the year to 2022/23, after growing by 45.47 per cent the year prior.

During this time there was large investment into the office sector, resulting in yields falling sub-4 per cent in major CBD markets. The United States and China represented the greatest interests in commercial investment.

Looking ahead, Ray White said a combination of a falling Australian dollar and improved affordability for many asset types will likely see an uptick in demand by offshore groups.

“Historically, Australia and its ‘safe haven’ status has kept interest levels high in commercial assets which is not expected to waver,” Ray White said.

“Interest in development opportunities will continue particularly given the underlying housing demand shortage, with BTR and student accommodation expected to aid in this regard.

“While the trophy nature of office assets will continue to see buyers look toward these opportunities, their revaluation in a low occupancy environment will need to take place.”

RBA UPDATE | Effective December 6, 2023For its final board meeting of the year, the Reserve Bank of Australia (RBA) gave...
06/12/2023

RBA UPDATE | Effective December 6, 2023

For its final board meeting of the year, the Reserve Bank of Australia (RBA) gave homeowners a welcome gift this holiday season, holding the cash rate at 4.35%. The decision marking the sixth cash rate hold for 2023.

RBA Governor, Michelle Bullock stated: "Holding the cash rate steady at this meeting will allow time to assess the impact of the increases in interest rates on demand, inflation and the labour market.”

Ms Bullock added: "Whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable timeframe will depend upon the data and the evolving assessment of risks."

Australian property prices have officially recovered from the declines of last year, according to CoreLogic’s national daily Home Value Index. Since bottoming out in January 2023, home prices have risen by 8.1%, taking values to a new record high at the end of November; with the smaller capital cities continuing to be the strongest markets in the country.

Last month, prices rose the most in Perth – up 1.6% for the month – ahead of Adelaide (1.3%) and Brisbane (1.2%). Sydney values increased just 0.1% last month, while prices fell 0.1% in Melbourne. Over the past 12 months, Perth prices are up 12.5%, followed by Brisbane (10.3%) and Sydney (10.1%).

Commercial car loan vs personal car loanIf you’re looking at buying a car for your business, it may be worth considering...
30/11/2023

Commercial car loan vs personal car loan

If you’re looking at buying a car for your business, it may be worth considering a commercial car loan instead of a personal loan.

With a commercial car loan, you can purchase a single car, van, or even a truck.

A commercial car loan might even offer lower interest rates and come with more flexible loan structures.

There can also be a range of tax benefits including:

● The ability to claim interest on the loan as a tax deduction
● Asset tax write-off
● Claim GST on the full purchase price of the vehicle on your taxes
● Claim vehicle depreciation
● Claim the kilometres, fuel, registration and insurance on your taxes
#珀斯 #霍巴特 #墨尔本 #布里斯班 #阿德莱德 #悉尼 #黄金海岸 #澳洲贷款

What you need to consider for boat financeWith summer just around the corner, now is the perfect time to start thinking ...
30/11/2023

What you need to consider for boat finance

With summer just around the corner, now is the perfect time to start thinking about your new boat. When considering boat finance, keep these key points in mind:

Unsecured vs. Secured Loans: Choose between securing your boat as collateral (secured loan) or not (unsecured loan). Secured loans may offer lower interest rates.

Balloon Payments: Consider incorporating a lump sum payment at the end of your loan term to lower regular repayments.

Loan Terms & Minimum Amounts: Be aware of lender restrictions on loan terms and minimum amounts.

Budgeting: Use a Loan Repayment Calculator or speak to a finance professional to plan your repayments effectively.

Early Loan Repayment: Opt for lenders that allow early repayment without extra fees.

Credit Rating: A poor credit history can affect your loan application, and competitive interest rates are often reserved for those with good credit.

Speak to a finance broker so they can assess your needs and compare your options.
#珀斯 #霍巴特 #墨尔本 #布里斯班 #阿德莱德 #悉尼 #黄金海岸 #澳洲贷款

Over 90% of homes sold for a profitHome sellers have been busy locking in gains, with new data showing the number of res...
28/11/2023

Over 90% of homes sold for a profit

Home sellers have been busy locking in gains, with new data showing the number of resellers making a profit is on the rise.

According to CoreLogic, 92.8% of resales sold for a profit, up 40 basis points from the previous quarter.

The increase coincides with a 2.8% lift in home values nationally, as prices continue to drift higher on the back of surging demand and tight supply.

The median gains from resale were $290,000 in the quarter, while Adelaide was the market with the most profitable resales at 98.2%.
#珀斯 #霍巴特 #墨尔本 #布里斯班 #阿德莱德 #悉尼 #黄金海岸 #澳洲贷款

Auction volumes continue to surgeWith the end of spring approaching, auction volumes continue to surge across the countr...
22/11/2023

Auction volumes continue to surge

With the end of spring approaching, auction volumes continue to surge across the country.

The week ending October 28 marked the busiest auction period since Easter, with 3,383 homes auctioned across the capital cities.

Auction volumes were 37.4 per cent above the 2,463 auctions held the week prior and 76.1 per cent higher than the 1,921 seen this time last year.

The additional auction activity tested the depth of buyer demand, with the capital's preliminary clearance rate falling to 68.5 per cent, the lowest preliminary rate since Easter (67.8 per cent).

#珀斯 #霍巴特 #墨尔本 #布里斯班 #阿德莱德 #悉尼 #黄金海岸 #澳洲贷款

Home prices to hit a new record in NovemberNational home prices are likely to hit a record high in November, according t...
14/11/2023

Home prices to hit a new record in November
National home prices are likely to hit a record high in November, according to CoreLogic.

The latest data showed that property prices rose 0.9 per cent in October.

Since the market’s small trough in January, home prices have increased 7.6 per cent, leaving values only half a per cent below the historic high recorded in April last year.

Last month, prices surged 1.6 per cent in Perth, 1.4 per cent in Brisbane, 0.3 per cent in Adelaide, 0.8 per cent in Sydney and 0.5 per cent in Melbourne.
#珀斯 #霍巴特 #墨尔本 #布里斯班 #阿德莱德 #悉尼 #黄金海岸 #澳洲贷款

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