Three of the big banks, CBA, Westpac and ANZ, believe the cash rate has already peaked at 4.10 per cent, with only NAB expecting one more hike later this year. CBA, Westpac and NAB economic teams updated their cash rate forecasts on the back of yesterday’s RBA Board meeting, with changes to both the expected…
I’d like to share how I’ll be investing in 2023. In fact, this is how our team at Metropole will be helping our clients invest in property in 2023. Whether you’re new to the game or you’ve already built a property portfolio you’ll probably benefit from what I’m about to share, because even though each…
The Reserve Bank (RBA) governor, Philip Lowe, has warned Aussies that more interest rate hikes are on the way. Speaking to the American Chamber of Commerce in Australia, Lowe pledged not to repeat the costly mistakes of the 1970s stagflationary period, and to “do what is necessary” to squash inflation before it becomes entrenched in…
Suddenly, Australia’s annual inflation rate is 3.8%, having jumped from 1.1% for the twelve months to March. The June quarter jump follows a jump in the United States to 5.4% and a jump in New Zealand to 3.3%, sparking a debate between leading pundits such as former US treasury secretary Larry Summers and Nobel Prize…
Housing markets are positively fizzing right now. Demand’s riding high, buyers battling it out over a shrinking pool of properties and driving some eye-catching price rises. The March quarter saw a 5.6% jump across the major capital cities, the March month alone posting the biggest gain in 32 years. Sydney dwelling prices rose a staggering…
The Victorian Government is extending eviction moratorium laws to provide greater certainty for both tenants and landlords. Rental increases are also banned until the end of the year. Victoria’s ban on rental hikes and evictions which had previously been set to expire on 29 September will be extended until 31 December. Extension of these laws…