RBA rates: calibrate and consolidate

2019-08-11T05:33:15+00:00 August 11th, 2019|Uncategorized|

This month the Reserve Bank of Australia (RBA) announced the cash rate would stay on hold at 1.0%, following two consecutive cuts in the preceding months that totalled fifty basis points. The decision was widely expected, especially considering that cutting the official cash rate three months in a row has only happened twice before: once [...]

APRA hands borrowers the chance to borrow more

2019-08-07T12:59:58+00:00 August 7th, 2019|Uncategorized|

July brought with it news that has effectively opened the doors for prospective and current home owners to access bigger mortgages by borrowing more. The Australian Prudential Regulation Authority (APRA) has relaxed stringent lending restrictions on lenders by scrapping the “stress test” rule. Introduced in 2014, the rule required banks and other lenders to assess [...]