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Economy

Rates heading to 0.25% despite ‘upbeat’ RBA

The Reserve Bank remains on track to cut the cash rate twice in the coming months, despite singing a “more upbeat” tune in its statement on monetary policy, according to a senior economist

RBA
Construction costs increasing, outpacing inflation

The cost associated with housing construction continues to increase, at a pace faster than that of inflation, new research has shown.

Construction costs increasing, outpacing inflation
Mortgage competition ‘alive and well’, insist big bank CEOs

Sharp interest rate discounting among lenders is proof of healthy competition in the mortgage market, according to the chief executives of ANZ and Westpac.

ANZ CEO Shayne Elliott and Westpac Group CEO Brian Hartzer
Housing affordability to deteriorate in 2020

While affordability improved in the year to September 2019 for new home loan borrowers, affordability will decline again in 2020 as the market rebound picks up steam, Moody’s Investors ...

Housing affordability
Auction volumes plummet prior to Melbourne Cup

Auction volumes fell 41.5 per cent across capital cities last week, with the plummet driven by Melbourne’s spring racing season, according to CoreLogic.

Auction
Cash rate cut stuns punters

The central bank has cut the cash rate for the fourth time in six months.

Cash rate cut stuns punters
RBA reveals race-day rate verdict

The central bank has announced its monetary policy decision for the month of November.

RBA
Industry foresees further rate cuts in Feb 2020

Industry stakeholders and economists believe the RBA will hold the official cash rate at 0.75 per cent this month, according to a Finder survey. However, there is widespread expectation for ...

Rate cuts
Rate cuts fuelling speedy housing recovery

New data shows national dwelling values rose 1.2 per cent throughout October, the biggest monthly gain seen since May 2015, according to CoreLogic.

Sold sign
Fed cuts again, could ‘offset’ RBA easing

The Federal Reserve has cut its funds rate for the third time in three months, undermining the RBA’s efforts to lower the Australian dollar.

The US Federal Reserve
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