Search Results for: Philip Lowe
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INDUSTRY NEWS
Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases are not responsible for the current rental crisis, instead placing the blame on a lack of housing supply relative to demand.
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NEWS
RBA Governor Philip Lowe issues July statement
SPOILER: No alarms and no surprises from the RBA. Philip Lowe’s statement is below. At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy has experienced a severe downturn as countries seek to contain the…
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OPINION
Philip Webb: What I’ve learnt about real estate after 50 years in business
As Philip Webb Real Estate celebrates its 50th birthday this month, I have had the chance to reflect on how my journey into real estate, how Melbourne’s real estate industry has changed since 1972 and also the aspects that have remained the same.
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NEWS
How low can we go? Records slashed again as lowest home loan rate drops to 1.59 per cent
How low can we go? Home loan rates have dropped to a record low of 1.59 per cent, a further 0.20 per cent below the latest record.
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Elite Agent
Australia’s lowest mortgage rate is now 1.89 per cent
In late June, Loans.com.au became the first lender in the country to offer a home loan rate of under 2 per cent, with their 1.99 per cent introductory rate. Since then, nine other lenders have slid under the 2 per cent bar, prompting a race to the bottom that is now being led by Reduce Home Loans – who clearly…
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INDUSTRY NEWS
Michele Bullock named new RBA Governor
Reserve Bank of Australia Governor Philip Lowe will step down at the end of his term in September, with Michele Bullock moving into the top job.
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OPINION
RBA’s risky gamble: interest rate hikes aimed at damaging the economy
Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.
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INDUSTRY NEWS
RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause is on the cards.
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INDUSTRY NEWS
NAB changes cash rate prediction following RBA meeting
NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's strong language about taming inflation last week.
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INDUSTRY NEWS
The Reserve Bank rejects suggestions cash rates will lift sooner than expected
Governor Philip Lowe has shut down suggestions the Reserve Bank of Australia (RBA) will lift the cash rate to cool the property market.
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Elite Agent
Andrew Cocks: First-home buyers seize the moment
In the past few months, calls for the Reserve Bank to 'do something' about runaway house prices have become louder, ignoring Governor Philip Lowe’s repeated response that it is not the job of the central bank to meddle with house prices.
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NEWS
Reserve Bank Governor issues warning on housing prices
In a speech in Sydney on Wednesday, Reserve Bank Governor Dr Philip Lowe has issued a warning about the current boom in the Australian property market - and raised the possibility of regulators stepping in to address the situation.
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INDUSTRY NEWS
Has the interest rate rising cycle run its course?
Two-thirds of experts believe interest rates have peaked, while 97 per cent say the Reserve Bank of Australia will keep the cash rate steady at the next meeting.
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INDUSTRY NEWS
RBA keeps interest rates on hold a 4.10 per cent
Australian mortgage holders are breathing a sigh of relief this afternoon after the Reserve Bank of Australia opted to keep interest rates on hold.
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INDUSTRY NEWS
Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after a softer-than-expected inflation reading.
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INDUSTRY NEWS
An “extended pause” on the cards for interest rates
The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended pause" next month.
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INDUSTRY NEWS
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
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EPM: Industry News
RBA doubles down on interest rates as REIA says housing affordability at its worst this century
The Reserve Bank boss has doubled down on the need for this week’s interest rate hike, despite admitting some households are feeling the pinch and mortgage arrears have increased.
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INDUSTRY NEWS
Interest rates rise to highest level since April 2012
The Reserve Bank of Australia has lifted interest rates a further 25 basis points to take the cash rate to 4.1 per cent.
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INDUSTRY NEWS
Inflation rises as RBA boss suggests sad solution to rental crisis
In a shock few experts saw coming, inflation has risen to almost 7 per cent in April, with higher petrol prices fuelling the increase.
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INDUSTRY NEWS
Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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INDUSTRY NEWS
RBA to undergo massive shake-up after review
The Reserve Bank of Australia will undergo a major shake-up that will see the governor hold a press conference after each meeting on interest rates to explain the decision to mortgage holders.
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INDUSTRY NEWS
What made rents soar? It might have been Covid, and pairing off
So, you think you know why rents climbed.
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INDUSTRY NEWS
Anne Crarey: how to find your dream job
It’s Friday afternoon, right around cocktail hour.
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INDUSTRY NEWS
RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold, pausing the cash rate at 3.6 per cent.
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INDUSTRY NEWS
Experts weigh in on interest rate debate
More than one-third of experts in Finder’s RBA Cash Rate Survey believe the central bank will put the cash rate on hold at its meeting today.
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INDUSTRY NEWS
High interest rates weigh on new homes sales
The record rise in interest rates is continuing to weigh on new home sales, while a better than expected jobs report could mean rate cuts might not be on the way.
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NEWS
RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting, taking it to 3.6 per cent.
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INDUSTRY NEWS
Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue still rose in the first six months of the financial year.
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Australia’s banks under intense scrutiny over interest rates
Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor to be hauled before several Federal Government committees to be quizzed about rising interest rates.
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INDUSTRY NEWS
RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.
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INDUSTRY NEWS
RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of the anticipated 'mortgage cliff' set to test the property market in 2023.
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INDUSTRY NEWS
December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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Inflation figures bounce back in November
New inflation data from the Australian Bureau of Statistics shows the consumer price index rose 7.3 per cent in the twelve months to November, up from October's 6.9 per cent.
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NEWS
The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market and continued acceleration of PropTech, 2022 has been a year for the record books.
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