More than 65 lenders, including the big four banks, have cut their interest rates following the Reserve Bank of Australia’s decision to reduce the cash rate from 4.10% to 3.85%. This will mean lower repayments for variable-rate borrowers – although the size of the rate cuts, and the dates at which they’re taking effect, varies…

The Reserve Bank of Australia (RBA) has found “the vast majority of borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank’s latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mortgage commitments and…

TThe latest inflation data, which were recorded before the USA’s recent series of tariff announcements, show further progress in the battle against inflation, making future interest rate cuts more likely. The annual headline inflation rate fell from 2.5% in January to 2.4% in February, according to the Australian Bureau of Statistics, which was the seventh…

The Reserve Bank of Australia (RBA) reduced the official interest rate by 25 basis points to 3.85% following today’s monetary policy meeting. The full statement from the RBA is available to read here. The move was in line with market expectations, particularly after the Australian Bureau of Statistics found that annual trimmed mean inflation (the…

Residential construction costs rose just 0.4% in the March quarter, which was the lowest quarterly increase since 2010, according to the Cordell Construction Cost Index. As a result, annual cost growth fell from 4.0% in the December quarter to 3.4% in the March quarter. However, building costs have risen 31.3% since the start of the…