Mortgage broking articles & tips

RBA Cash Rate June 2020: Swaying on the edge of an economic and property cliff?

Today, Governor Lowe and the Reserve Board met and they kept the cash rate on hold, which as we all know, they will be for the time being. It has been an interesting couple of months. We've obviously gone through March and April with a lot of uncertainty, a lot of unknowns around what was happening. And that caused a lot of pessimism and fear i...

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RBA Cash Rate May 2020: The Three Critical Themes Unfolding In The Economy Right Now — And How They Impact Property Prices!

Today Governor Lowe and the Reserve board met, and they kept the cash rate on hold at 0.25%, so nothing to see there. What I wanted to highlight in regards to some of the activity from the RBA, we did get an update in the middle of May, in terms of how their stimulus package and monetary package they introduced in March is going to work. So, a ...

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RBA Cash Rate April 2020: The Coronavirus Lockdown, An Australian Recession And What This Will Mean For The World Economy

Governor Lowe and the Reserve Board met today and they kept the cash rate on hold. But we all know that, right? Because the cash rate is going to remain at 0.25 until such time as we reach unemployment levels of 4.5% and also inflation within that 2 – 3 bandwidth. Now, Governor Lowe and the board are basically saying this could take up to ...

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COVID-19 and What to Expect in Australia’s Property Market

(Note: Click here to log in to MyWealth Portal) Hi, Ben Kingsley here, Managing Director of Empower Wealth and I want to give you a quick update in terms of what's happening in the property market right now. Now we all know that we've been impacted currently and also our future movements will be impacted by the Coronavirus. But what's int...

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RBA Cash Rate March 2020: The Coronavirus Spreads Right Across The Economy

Today, the Reserve Board met – and wow, it would have been a challenging and interesting meeting to be at for this March decision. Effectively, the market was pricing in at a 90% chance of a rate cut, and they got it. So the cash rate has moved by 25 basis points down to 0.5%. Now, there was already a fairly good argument as to why they neede...

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RBA Cash Rate – February 2020

On this first Tuesday of February as part of the new 2020s, the new decade, the RBA had a tough decision to make today. They had some really positive economic data flowing through from the end of 2019 that consisted of a really good unemployment story. It also said that retail spending had at a bounce in November, so that was positive. Ultimatel...

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RBA Cash Rate – December 2019

Today Governor Lowe and the reserve board met for the final time in 2019 and they kept the cash rate on hold at 0.75%. Now, in 2019 we saw three rate cuts. And for all of those people who love the data, what's interesting about that is between August 2016 and May 2019 — 34 months — the cash rate was on a hold at 1.5%. So they've definitely tri...

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RBA Cash Rate – November 2019

On this Melbourne Cup Tuesday in November, the Reserve Board met and they've kept the cash rate on hold at 0.75% — and that's on the back of stable unemployment. So we haven't seen unemployment deteriorate — in fact, it improved — but more about that later. And we’ve also had some commentary coming out of the Reserve Bank, in regards to ...

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RBA Cash Rate October 2019: Third Time Lucky?

Today Governor Lowe and the Reserve Board met for the first Tuesday of October and they've cut the cash rate.   Now, 75% of economists believed that this was going to be the case.  If you were listening to some of the commentary last week from Governor Phillip Lowe around his concerns in the market, it was pretty clear that he was signall...

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RBA Cash Rate September 2019

G'day and welcome to September and on the first Tuesday of this month Governor Lowe and the RBA Board met and they kept the cash rate on hold at 1%. Now, some punters might have been thinking, “Well are we going another 25% lower?”, but really most economist believe that's going to be next month. So I suspect the board decided not to spook t...

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RBA Cash Rate August 2019: Is it Time to FIX Your Rate?

Today Governor Lowe and the Reserve Board met and they kept the cash rate on hold at 1%. Now that's obviously on the back off two rate cuts that we sold in June and July, which took the cash rate down to 1%. So the consensus is that we needed to see some time to see what impact those two particular rate cuts have had in terms of confidence, sentime...

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RBA Cash Rate July 2019: Twice in a Row?

Today Governor Lowe and the Reserve Board met and they changed the cash rate for the second consecutive month, dropping the cash rate down by another 25 basis points. This is reasonably well-signaled, even though some economists still thought that the RBA may wait until August. So, what is their agenda? Well, if you look at the minutes — and ...

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RBA Cash Rate June 2019: The Cash Rate Announcement We’ve All Been Waiting For

Today Governor Lowe and the Reserve Board met and, yes, we have a rate movement. That's right — a 25 basis point cut, bringing the cash rate down from 1.5% down to 1.25%. For all you data nuts, I'm going to give you a little bit of a backstory in regards to where the cash rate has been. So it is the first rate move of any rate movement si...

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