Economic growth rate has accelerated so how will this affect interest rates? The Australian Bureau of Statistics said on Wednesday gross domestic product expanded 1.1% in the first three months of the year compared with 0.7% in the last quarter of 2015. And year-on-year growth accelerated from 2.9% to 3.1% which is the fastest pace in almost four years. […]

“Australian property prices were up 2.4% over the three months to April with growth in all capital cities except Hobart”, CoreLogic RP Data’s Home Value Index Property experts have been surprised by new data released on Monday that paints a much rosier picture of Australia’s housing markets than expected. The bullish numbers from CoreLogic RP […]

Last week the Australia economy saw deflation for the first time in seven years.  And the RBA yesterday cut interest rates by 0.25%.  This is the lowest cash rate for several years. So what is the interest rate outlook for the remainder of the year? The ABS said the consumer price index dropped to 1.55% which well below the […]

Despite all the doomsday predictions, the Australian economy is actually in pretty good shape. According to the Westpac Melbourne Institute consumer sentiment survey, consumer confidence has dropped again due to the slowing housing market and Australian dollar rising.  Read more here:  Consumer Confidence However, the recent jobs growth is positive and the underlying employment growth […]

“The present low rates are the gift that keeps on giving” Noel Whittaker Noel Whittaker is the author of Making Money Made Simple and numerous other books on personal finance. Noel says borrowers now should be celebrating the fact that they’ve got a once-in-a-lifetime chance to really make a dent in that mortgage. So what […]