Tag: Reserve Bank of Australia

Australian borrowers have been hit with another round of interest rate hikes after the Reserve Bank of Australia (RBA) raised the official cash rate by 0.25 percent to 4.1 percent, the highest level since April 2012. This comes after a 0.25 percent increase in May and a brief pause in April. In delivering the RBA’s decision, Governor Philip Lowe said ...

Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian house prices dropped for ten ...