Rates on hold but don’t get your hopes up for a cut

[{"selector":"#anim-303c5b0d-b9e8-4dd6-bc7b-62fa3526ec2c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more THE Reserve Bank held interest rates steady as expected yesterday, and governor Michelle Bullock moved to squash hopes of a cut before the end of the year that could help ease the...

[{"selector":"#anim-7b21c129-4f34-4899-a176-b5f72ad7b3d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The official cash rate remained at 4.35% following last week’s official data that showed the CPI came in at 3.8% in the 12 months to the June quarter, staying clearly above...

[{"selector":"#anim-18dcf455-4ec2-4c4b-8969-07c330829016 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Data have reinforced the need to remain vigilant to upside risks to inflation and the Board is not ruling anything in or out. Policy will need to be sufficiently restrictive until the...

[{"selector":"#anim-14ce3fac-62c9-4fec-a432-2f4735a59c7f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The central forecasts set out in RBA’s statement are for inflation to return to the target range late in 2025 and approach the midpoint in 2026...

[{"selector":"#anim-22543a1f-2f21-43f8-bf31-b04658328165 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more ANZ head of Australian economics Adam Boynton said the major lender’s view remains unchanged, still expecting for the first cut in February 2025, with the cash rate to end that...

[{"selector":"#anim-d668a934-234f-4422-b6fc-c76e8631a6e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Stage three tax cuts, easing inflation and population growth will support household spending and the economy into 2025...

[{"selector":"#anim-2e5ce634-9f99-4e1c-b6bf-a74961542304 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Little impact on housing trends Tim Lawless, research director at CoreLogic Asia Pacific, said that although a stable interest rate decision is “seen as a positive for borrowers and housing more broadly...

[{"selector":"#anim-03a65bd4-9165-4688-b4e0-68317b41a98f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.932693372218877e-15%, 2.5074219883873775e-7%) scale(0.8264462809917356)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Recent growth in property prices has had more to do with low supply, tight rental conditions and demographic factors than sentiment through the...

[{"selector":"#anim-7ff45fb6-c3c8-45db-9069-fca9d6bfd45b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Housing supply stagnant Master Builders CEO Denita Wawn said that more needed to be done to bring inflation under control and increase investor confidence in the building and construction industry...

[{"selector":"#anim-646866f4-9fb8-4a9b-9894-e30357680c52 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The building and construction industry has always been among the hardest hit by interest rate rises. Each rise over the last two years has meant a decline in building activity and new home...

[{"selector":"#anim-cb46e19c-ae5d-4169-b38c-1c6a8a3738a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Australian Bureau of Statistics data released in the past week showed owner occupier borrowing remains very weak, although investor borrowing for...

[{"selector":"#anim-52534718-db8b-4147-9062-2aa47126b162 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.932693372218877e-15%, 2.5074219883873775e-7%) scale(0.8264462809917356)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Wawn said, “If we are going to meet the 1.2 million new home target of the National Housing Accord, we need to see more private investment in new home building. The current economic...

[{"selector":"#anim-d0265198-a56a-486c-a229-47b087b3e244 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Anthony Waldron, Mortgage Choice CEO, said the ongoing stability in home loan interest rates will support buyer and seller confidence heading into the 2024 spring selling season...

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