First Home Buyer 5% Deposit Scheme hits parliament

Consultations with lenders regarding their participation in the Federal Government’s new First Home Loan Deposit Scheme are due to begin following the introduction of draft laws.

NAB says RBA may cut interest rates to near zero

NAB economists have changed their mind on the Reserve Bank outlook and now believe the RBA could cut the cash rate to as low as 0.25% by mid-2020 unless there is “meaningful stimulus”.

Cash rate on hold again in September

The official cash rate has been held at 1.00% for the second consecutive month, the Reserve Bank confirms.