For another meeting, the Reserve Bank of Australia (RBA) held the cash rate steady at 4.35%. The last time the RBA changed the cash rate was an increase in November 2023.
Great news for buyers, with more property listings coming onto the market this spring. Here’s what else is making news right now: - Borrowing passes $30bn mark - 5 common car loan mistakes - Home values rise another 0.5% - Govt helping property buyers
In this month’s newsletter, you’ll find the latest news about the mortgage and property markets, as well as some handy tips about buying a property when you’re single:
- Housing assistance extended - Building approvals rise 5.5% - How to buy when you're single - Average home loan reaches $627k
I hope you achieved your financial goals in FY24 and enjoy a prosperous FY25. Here’s a quick overview of what’s happening with tax, business and the economy: - Inflation hits 4.0%% - EOFY inducing stress - Construction price growth slowing - Insolvency risk elevated
I’ve got the latest home loans and interest rates news for you, as well as a tax update for property investors given that tax season is just around the corner. - Rate outlook remains uncertain - Property investor tax alert - 23.8% of borrowers have large loans - Banking reforms announced