Interest Rates

Four Perth suburbs have joined the million-dollar club after their median house prices grew to seven figures during the year to June, new data has revealed.

The Reserve Bank has held the cash rate at its record low of 0.1 per cent at its September meeting, as continued Delta lockdowns curtail economic growth.

With millions of Australians under lockdown and the economic recovery faltering, an earlier than expected rise to interest rates is looking unlikely.

Property finance is riddled with terminology and jargon that can confuse even experienced buyers and sellers, but arming yourself with knowledge before making a move improves your chances of success.

The Reserve Bank of Australia has left the official interest rate on hold, but flagged key changes to its bond buying program as the economy continues to rebound.

The ACT government has reached the halfway mark of its 20-year tax reform program and will commence the next five-year phase during the course of the next financial year.

Perth has the quickest savings time for a deposit in the country, a new report found, and the marginal increase in the time it took to save as prices rose was much less than other capital cities.

Buyers are borrowing ever-increasing sums of money to force their way into the red-hot housing market, but mortgage brokers say there’s one piece of advice going in one ear and out the other.

The Reserve Bank has kept the cash rate at a record low of 0.1 per cent, with inflation remaining below targets despite short-term spikes.

House hunters have been overextending themselves to get into the fast-rising property market, but experts warn of a looming change that means perhaps they shouldn’t.