RBA's Cash Rate Hold: Navigating the Future of Finance and Real Estate
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Recent data from CoreLogic’s daily dwelling values index indicates a significant slowdown in house price momentum in Sydney and Melbourne since the Reserve Bank of Australia’s (RBA) Melbourne Cup Day rate hike. This decline in value growth has also impacted the 5-city aggregate level. Along with this change, November saw final clearance rates drop drastically in both cities.
An increase...
Recent data from CoreLogic indicates a slight shift in the housing market, with Melbourne experiencing a 0.1% decrease in house prices so far in November. Early in the month, prices had unexpectedly risen by 0.5%, sparked by the Reserve Bank of Australia’s (RBA) 0.25% rate increase on Melbourne Cup Day. On the other hand, Sydney’s housing market has also experienced slowed growth, with...
Board’s Cash rate decision
The Reserve Bank of Australia’s Board decided to keep the cash rate target and interest rate on Exchange Settlement balances unchanged at 4.35% and 4.25%, respectively. The decision comes after a 25 basis points increase in interest rates last month, which was put in place to address concerns over the slower-than-expected progress in returning inflation to the...
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In the ever-dynamic world of finance, the recent announcement from the Reserve Bank of Australia (RBA)...
In the ever-dynamic world of finance, the recent announcement from the Reserve Bank of Australia (RBA)...
Recent data from CoreLogic’s daily dwelling values index indicates a significant slowdown in house...
Recent data from CoreLogic indicates a slight shift in the housing market, with Melbourne experiencing...
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