RBA Changes

November 30, 2015 Posted by Finance Detective Blog

The waiting game is almost over! Within the next 24 hours, the outcome of the last RBA board meeting for 2015 will be announced. Over the past month there has been strong signs for a full 0.25% rate cut in our financial markets. However, the majority of economists do not believe this will eventuate. Given that the RBA’s current focus is on overall growth, a rate cut tomorrow seems unlikely. On the bright side, consumer confidence (along with the outlook for Australia) and business performance rose by 3.9% in November. This marks only the third month, of the last 21, …

Perth property market – An honest appraisal

November 27, 2015 Posted by Finance Detective Blog

Around 22,000 WA dwellings will reach completion in 2015 and 2016. This increase in residential housing is likely to cause an influx of stock on the property market in 2015 and into 2016. When there are more properties on the market along with decreased population growth, a fall in demand and weak consumer sentiment – the property market is likely to weaken. As a result of this: The general residential suburban housing market will be challenged. The apartment market is likely to follow suit from late 2015 and into 2016. As the rental market continues to weaken, landlords will need …