Blog
RBA leaves cash rate at 1%
On the 3rd of July, the Reserve Bank of Australia decided to reduce the official cash rate to an unprecedented 1% - its lowest level in Australian History. At it's recent monthly meeting, the RBA decided to leave it unchanged (6th of August 2019). The Governor of the...
Has property reached the bottom?
After 2 years of market correction, major lenders such as the CBA, are claiming the market has reached the bottom. Weekend clearance rates (End July 2019): Sydney 73% (49% with the same time last year) Melbourne 74% (53% the same time last year) Although auction...
The Liberal’s win and their effect on the property market
In May 2019 the Liberal Party secured a majority in what has been touted as a ‘miracle’ win. Since then auction clearance rates have been steadily rising in Melbourne’ along with the median price (Corelogic). “It’s pretty clear to us that the bottom [of the market] is...