Tag: Australian Economy
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RBA Cash Rate August 2020
RBA board has met on Tuesday the 4th of August 2020 for their cash rate decision. The RBA board decided to leave the cash rate at 25pts. The board also has set a 3-year cash rate and yield target of 25 basis points. Representing a record low RBA cash rate. Australian Economy The global economy…
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RBA Cash Rate Decision February 2020
RBA Cash Rate Decision February 2020 RBA board has met on Tuesday the 4th of February 2020 for their cash rate decision and decided to keep the official cash rate on hold at a record low of 0.75%. This represents a record low cash rate for the RBA. Australian Economy The Australian economy has appeared…
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10 things Australian expats need to know about mortgages in Australia
We recently sat down with the James and the team at Atlas Wealth Management to discuss Australian expat mortgages. Atlas Wealth Management specialises in financial planning for Australian expats. During the webinar, we discussed 10 things to consider around Australian mortgages as an Australian expat, you can also read up on them in greater detail. The mortgage process for Australian…
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Australian banks change lending standards
Australian banks have changed lending standards On the 5th July, APRA announced that it would be making an adjustment, following a consultation period to APG 223 (Prudential Practice Guide to Residental Mortgage Lending). This proposal was to scrap the current minimum 7% floor applied when seeking a new residential mortgage and instead revise by applying…
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RBA Cash Rate Decision August 2019
RBA Cash Rate Decision August 2019 RBA board has met on Tuesday the 6th of August 2019 for their cash rate decision and decided to keep the rate unchanged at 1%. This represents a record low cash rate for the RBA. Growth in Housing Market Conditions in the Sydney and Melbourne housing markets have continued to remain soft but…
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RBA June 2019 Cash Rate Decision
RBA June 2019 Cash Rate Decision RBA board has met on Tuesday the 4th of June 2019 and decided to cut the cash rate by 25 points to 1.25%. This represents the first cash rate cut since 3rd August 2016 (nearly 3 years). The federal election has been won and done and the RBA has…