New Luxury Serviced Apartment Building Approved for Wollongong City Centre

Low interest rates are good news for home owners. Although banks haven’t passed on the recent cuts in full, most borrowers have still seen their mortgage repayments reduce.

The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values.

Australia inflation rate has continued to undershoot Reserve Bank expectations with the cost of living rising by 1.7 per cent over the year to the end of September.

Property industry confidence has jumped following the federal election outcome in a positive sign for the Australian economy, but the Property Council has warned that a number of economic factors remain challenging for the industry which is Australia’s largest employer.

Today's Financial Review housed an opinion - "Five reasons the RBA definitely shouldn't cut rates." and it got me thinking, who wouldn't want to cut rates? What's the downside?

The Reserve Bank of Australia has opted to leave the official cash rate on hold at 1.5%, just 11 days out from the federal election. The Board hasn’t made a move on rates in over 30 months, since it decided to cut interest rates from 2% to 1.5% in August 2016.