- 3 June 2019
What will interest rates do next month and do you have enough saved for retirement??
So . . . welcome to Winter!
Did you know that it is now only 207 days until Christmas?!
The year is obviously flying and with the election out of the way, some stability in our economy and property markets, the back half of this year looks to be shaping up for an exciting one!
RBA Rate Forecasters Race to Bottom Intensifies With 0.5% Seen
The Reserve Bank of Australia’s signal it expects to lower interest rates this year is setting off a fresh round of forecasts for deeper policy cuts as economists ponder where the lower bound is Down Under.
JPMorgan Chase & Co. on Wednesday said it expects the central bank will have to cut its 1.5% benchmark 1 percentage point by the middle of 2020 in an attempt to achieve the RBA’s inflation and employment goals. That forecast follows projections of a 0.75% rate over the same time frame from Westpac Banking Corp. and Capital Economics.
Interest rate support for the economy, property and financial markets is just around the corner, with Westpac chief economist Bill Evans now predicting the Reserve Bank will cut the overnight cash rate three times to a record low of 0.75 per cent by November.
Make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information!
Troy Gunasekera National Manager
Related Posts
The Market’s Not Waiting for Rate Cuts – Is It Time to Move?
Recent data suggests that the Australian property market is already showing signs of recovery, even before the Reserve Bank of Australia (RBA) decided to cut interest rates in February. With new home sales rising and approvals for detached housing on the upswing, it’s clear that some buyers and investors are getting...
Cyclone Alfred: Staying Safe and Protecting Your Tenants
With Cyclone Alfred approaching, many communities in Queensland and New South Wales are facing uncertainty. Extreme weather events like this bring not only immediate risks but also longer-term challenges for property owners and tenants alike. At times like these, safety comes first . Ensuring you, your loved...
Western Australia Holds Its Crown, Queensland Closes In
Western Australia has held off a surging Queensland to once again claim the title of Australia’s best-performing economy, according to the latest CommSec State of the States Report. For the second quarter in a row—and only the second time in a decade—WA leads the nation, topping five of eight key economic...