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(Reserve Bank of Australia Governor Philip Lowe)

Major Australian banks pass on RBA’s December rate rise

Several Australian major banks including Westpac, NAB and ANZ have increased interest rates following a decision from the Reserve Bank (RBA) to raise the cash rate for the eighth consecutive time. “Following the Reserve Bank of Australia’s decision to increase the cash rate by 0.25%, Westpac has announced a range of interest rate changes for deposit and home…

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(Ledge Team Australia)

Australia’s commercial property market outlook is far from doomed

Property has long been a popular investment choice for Australians, offering reliable passive income and long-term capital growth without the share market volatility, according to Ledge, one of Australia’s leading corporate finance companies. Stronger rental returns, longer leases and fewer outgoings than the residential sector make commercial property a particularly attractive asset class. But in…

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(Hayden Groves, President at Real Estate Institute of Australia)

Australian house market sees value declines

Australia’s housing prices dropped over the June quarter as rising interest rates and inflation impacted affordability but not all cities and regions are experiencing price contractions. These are the findings of the Real Estate Institute of Australia’s (REIA) latest Real Estate Market Facts. Combined, the June quarter of 2022 saw a decline in the weighted average…

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