The numbers that drive our future
Expectations of further cuts on the horizon point towards increases in new home sales in the months ahead, housing industry economist says.
Cash rate has a three in front the first time in two years, after the RBA cut interest rates by 25 basis points. But was the 112 times Michele Bullock mentioned "uncertain" a more important number.
The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points, as expected.
BoQ chief economist Peter Monckton thinks a series of substantial cuts are likely this year – taking the cash rate to 3.1 per cent.
While only NAB’s chief economist Sally Auld wrongly predicted a 0.5 per cent cut to the cash rate this week, most analysts agree there will be a significant drop this year.
The Victoria capital outpaced other states in auction activity and clearance rates as buyers rushed to market ahead of a widely anticipated rate cut.
The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.
An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.
But house price growth is needed to ensure new construction is economically viable again, a senior economist says.
A rate cut at the next Reserve Bank meeting could result in a very busy winter, according to one expert analyst.
Get Australian Conveyancer News Alerts pushed to you
All news, articles and insights on the Australian Conveyancer are available free and online. Subscribe to receive these insights direct to your inbox every week. Stay on top of the issues affecting the industry and your business.