A rule that exists in the US could be the key to solving skyrocketing mortgages says finance guru Mark Bouris.
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The RBA has left the cash rate on hold at 4.35%.
Will the RBA alter the existing monetary pivot in its first policy meeting of the year? And what does this mean for you as a potential home buyer, existing homeowner or just anyone keenly observing Australia’s fiscal prospects?
CoreLogic has released its “Best of the Best” report for 2023 identifying the top-performing suburbs and regions for house prices and returns, whilst giving insight on how Australia’s property market will shape up in 2024.
The RBA board has decided to hold the official cash rate at 4.35% in the final board meeting of 2023.
In somewhat positive news for mortgage holders and Australians, annual inflation fell to 4.9% in the 12 months to October, a significant decrease from the year to September, where inflation was 5.6%. It’s a long way from the peak of inflation in December 2022, which reached 8.4%!
The RBA has delivered an increase of 0.25% to the official cash rate, leaving it at 4.35% for November.
Interest rates remain on hold for the fourth consecutive month, as the Reserve Bank of Australia (RBA) left the official cash rate at 4.10% at the October board meeting.
The cash rate is on hold for the third consecutive month as the Reserve Bank of Australia (RBA) Board held its monthly meeting in which it sets the official interest rate. The Cash Rate remains at 4.10%.