Australia's official cash rate will remain on hold at the record-low level of 0.1 per cent.
RBA
The Commonwealth Bank of Australia’s chief executive says he is increasingly concerned with rising house prices and household debt levels.
Officials fronted a parliamentary committee to wrestle with what is driving record property price growth, and what can be done about it.
The central bank reiterated it will not raise the cash rate from its record low of 0.10 per cent until inflation is sustainably between two and three per cent.
The RBA governor has conceded the economy will likely contract in the September quarter, interrupting the strong recovery from last year’s recession.
The Reserve Bank of Australia has held official interest rates at record low levels and kept its quantitative easing program unchanged.
Australia's central bank will likely reverse its decision to taper its bond buying programme if Sydney remains in a coronavirus lockdown, bank economists say.
The Reserve Bank of Australia has been taken to task for its evasiveness in responding to requests for information about board members' property holdings.
There was much excitement last week when the RBA shifted to saying their “central scenario” is that a rise won’t be needed “before 2024″.
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South East Queensland’s unprecedented sales swell continues to attract interstate developers and underpin major projects, with ID_LAND, Little Projects, Sammut Group, Azzura Corporation and Pikos Property making big progress on more than $800 million worth of new developments in recent weeks.
Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.
New lending restrictions will affect different parts of the property market more than others - dig into the details and find out what the changes mean for first homebuyers, investors and trade-up buyers.
Australians downsizing to luxury apartments are driving a rapid rise in prestige property values, with sales of apartments worth $10 million or more in the first half of the year running at nearly eight times more than the 10-year average.
Pent up demand from Sydney buyers emerging from lockdown and Melbourne purchasers likely to soon follow is expected to result in a resumption of the big price gains recorded in the first half of 2021, with both cities remaining in a state of housing undersupply.
Victoria’s state government has made a range of changes to its Windfall Gains Tax prior to it being introduced to Parliament, but industry groups say the move is the “wrong tax at the wrong time” that will have a big negative impact on housing affordability.
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