Dear Client RBA DELIVERS MARCH CASH RATE DECISION It’s the first-rate decision to be handed down outside of the previous ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate…
Dear Client WARM WELCOME TO OUR NEW TEAM MEMBERS! I hope this message finds you well. We are thrilled to announce the newest additions to our team who will be working diligently to ensure the best service for our valued clients. Welcome Jesse Holcroft: We are delighted to welcome Jesse Holcroft as…
Inflation and the Housing Market ABS figures showed the highest annual rate of inflation in June 2022 in almost 32 years. As we head into the new financial year, annual inflation is expected to peak at over 7%, according to the Treasury and the RBA. This means household budgets will be tighter, savings will be…
FAREWELL & CONGRATULATIONS Rakhi Bandara officially finished up at DB Philpott on Friday 8 July 2022. Rakhi was an invaluable member of the team but has decided to move into a commercial letting and management role. The management team wishes Rakhi well in his future pursuits. As one door closes another opens and we have…
It comes as no surprise that the Reserve Bank of Australia has raised the cash rate by 50 bps to 0.85% during its June 2022 meeting. What was surprising was the level of the increase and the back-to-back nature of the rate hike. This was the first back-to-back rate hike in 12 years, as the…
According to CoreLogic, auction figures are down 40.2 per cent this week, with 1,722 homes set to go under the hammer across the major capital cities this week, well below the 2,879 auctions held the previous week. This week’s volumes represent the fourth-quietest week of the year, only bettering the Easter long weekend and the…
The RBA has finally conceded that rising inflation and stronger than anticipated wages growth have brought forward the likely timing of the first increase in interest rates. A June interest rate lift looks more likely than not, with the Reserve Bank of Australia (RBA) itself hinting rates could head north sooner than anticipated as…
Flashback two years to March 2020, when a collective cloud of anxiety first loomed as the state was plunged into our first COVID-19 lockdown. We didn’t know then, of course, the extent to which the government would cushion the pandemic’s blow, propping up the economy over the next two years with low interest rates and…
NAB has revised down its outlook for property prices in 2022 and 2023, after predicting the first interest rate hike to occur in November this year. Property prices are now expected to reach a “turning point” in the second half of 2022 before falling in 2023, according to the latest residential property survey from…
As you may recall in early 2021, we discussed Electronic Lease Renewals – will the good news is that after tenants having benefited from the paperless system for some time now we launched in late 2021 Landlord Electronic Lease Renewals. Yes, the email will look a little different and will come from a iPropertyExpress.com email…
