Flexi Buy Homes

01/02/2022

The RBA keeps cash rate on hold at record low 0.10%

At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February.

08/12/2021

In its last monetary policy decision of the year, the Reserve Bank of Australia has kept the cash rate at a record-low 0.10%.

The RBA expects the economy to expand by 3% this year, despite the lockdowns that occurred from June to October. Growth is then expected to accelerate to 5.5% in 2022.

Strong growth could lead to an increase in inflation and wages, which might eventually prompt the RBA to increase the cash rate.

https://www.rba.gov.au/media-releases/2021/mr-21-29.html?utm_campaign=rba-update-december-2021&utm_content=rba-december-statement&utm_medium=email&utm_source=activepipe

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30/08/2021

https://www.corelogic.com.au/news/building-demand-drives-14-quarterly-increase-australias-housing-construction-costs?utm_medium=email&utm_source=newsletter&utm_campaign=20210830_propertypulse&utm_content=pp_blog%20

CoreLogic’s national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period.

07/07/2021

https://rba.gov.au/media-releases/2021/mr-21-13.html?utm_campaign=rba-update-july-2021&utm_content=rba-july-statement&utm_medium=email&utm_source=activepipe

01/06/2021

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 0.10% for June, following its monthly board meeting.

The decision was widely anticipated, as the RBA’s board has repeatedly maintained it will not increase the cash rate until actual inflation is sustainably within the 2-3% target band.

The Reserve Bank expects inflation in underlying terms to be only 1.5% in 2021 and 2% in mid-2023, despite recently increasing its forecasts for economic growth.

04/05/2021

https://rba.gov.au/media-releases/2021/mr-21-06.html
Interest rates are left on hold

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program.

11/03/2021

The latest home value index results from CoreLogic showed the strongest monthly rate of growth in national dwellings since August 2003. A striking feature of the current upswing is the pace at which the ‘high’ end of the market has risen in recent months. This article explores what is happening ...

17/02/2021

There has been a very good uptake of the Home Builder grant which was introduced to boost the economy and the building and construction industry

More than 75,000 households have applied for a HomeBuilder grant since its inception in July, boosting jobs for tradies and a rush to borrow money. The latest federal government figures shows 80 per cent of grant

26/11/2020

14/10/2020

https://www.dginstitute.com.au/banking-news-economic-downfall/?utm_source=EDM&utm_medium=DGI&utm_campaign=EDM%20-%20Article%20-%20Banks%20Reveals