With the RBA cash rate rise causing a ruckus, a few experts have weighed in on the future of the housing market.
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In the past week, Suncorp and Horizon Bank cut fixed home loan rates for both owner occupiers and investors by up to 30 basis points.
With at least one more cash rate cut expected in the near future, a few more lenders have cut fixed home loan rates below 3.00% p.a. – enticing borrowers to lock in their interest rates.
Despite a stronger-than-expected rise in employment in April, Australia’s unemployment rate has risen to 5.2% amid a surge in workforce participation.
Westpac Chief Economist Bill Evans still expects the RBA’s first rate cut in years to come in August, not next month as many others are predicting.
Despite housing market weakness and slow wage growth, Australian consumers appear to have loosened their purse strings over January, according to new data.
The Aussie Dollar could fall to 66 cents against the US dollar in 2019, according to HSBC.