Category Archives: RBA

RBA raises rates by .25% says rates are now “average”

The RBA has lifted the cash rate today by another .25%, the sixth time in eight months.

Australia must be getting back to “normal” levels now or very soon, but even if they’re not ‘normal’ the RBA has confirmed “for most borrowers will be around average levels”.

The rise will undoubtedly start to squeeze many of those that have bought their first house in recent years and with the average price of a house in Melbourne now well and truly above$500,000 – be prepared for retail spending to drop later this year and into 2011. Continue reading

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