Tag: Rba

House sales in NSW crashed 9.6 percent in April according to the HIA, with buyers reacting strongly to successive interest rate increases from the RBA.

Mortgage owners can breathe a sigh of relief with the Reserve Bank unlikely to raise interest rates above the current 4.5 percent in the RBA’s monthly board meeting tomorrow.

Mortgage owners can breathe a sigh of relief as the Reserve Bank appears unlikely to further raise interest rates above 4.5 per cent in June.

Auction clearance rates have collapsed in three of Australia’s largest markets, after successive interest rate increases from the Reserve Bank. Listings were also down in Sydney, Melbourne and Adelaide.

The Greater Building Society is urging people to to beyond the ‘big 4’ when looking for a home loan deal, with building societies being significantly cheaper after the RBA rate increase this week.

Australia’s services sector is showing its first signs of recovery despite increases in interest rates, with the AiG Performance of Services Index recording growth in April.

The Reserve Bank of Australia (RBA) increased interest rates yesterday by 25 basis points percent to 4.5 percent as house prices in Western Australia’s Pilbara region continue to soar.

Following the Reserve Bank of Australia’s Board Meeting today, with a 25 basis point rise in official interest rates, National Australia Bank has confirmed a matching increase in rates on its home loans.

The Reserve Bank of Australia has again moved to increase interest rates, taking the official cash rate to 4.5 percent as the Australian economy faces inflation fears as it continues to recover.

Australia continues to struggle to manage its ‘two speed economy’ as the resource sector booms, while rising interest rates cripple the services sector.