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
When most people think about building wealth, they picture grinding through long hours, promotions, and maybe a few smart stock picks. Roger Galway had a different idea. Two decades ago, he realised the nine-to-five grind wasn’t going to cut it. So he started buying property. Now, he owns nine of them across...
In the wake of ex-Tropical Cyclone Alfred, which brought Brisbane its wettest day in 50 years with over 420mm of rain in some suburbs and winds reaching up to 60 km/h, the city faced significant recovery challenges. Despite the extensive damage, including power outages affecting over 56,000 homes and businesses,...
Stamp duty isn’t the most exciting part of buying property, but it can seriously shape what you can afford and how quickly you can grow your portfolio. A national report by SQM Research for the Real Estate Institute of Australia (Stamp Duty: The Relationship to Australian Housing Affordability and Supply, October...
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