Skip to content

RBA Announcement – July 2019

RBA Announcement – July 2019

The RBA has cut the official cash rate for the second consecutive month, bringing it to a historic low of 1%.

So what could this mean for borrowers? Head of Elders Home Loans, John Rolfe, comments:

“Whilst the rate cut is great news, it’s getting tough for the banks to pass the full rate cut through. Whilst I hope they do, many of the banks, including the majors, have savings account rates of only 0.30% or even lower. Passing on a full 0.25% rate cut will see further pressure on these savings rates and having zero interest rates is not going to be feasible.”

Nonetheless there are some great rates in the market following the RBA’s June announcement – it’s the perfect opportunity for borrowers to review their current home loan.

Related articles from the view

Mar 5, 2019

The boom suburbs of 2018

2018 proved to be a tumultuous year for many parts of the Australian property market. Hobart property values grew by a staggering 9.3%, while Sydney and Melbourne both experienced their largest falls since 2011. But no matter how volatile the big picture seems, the reality is more prosaic. In every market, some areas do better…
Read more
  • General
  • Residential
Jan 10, 2019

2019 Property Market Forecast

As we turn the corner into 2019, property investors, sellers and buyers will be wondering what the year has in store. With softening market conditions in the eastern capitals dominating the news in 2018, will downward trends continue? Will interest rates continue at record lows? Will the regional centres stay on the path of steady…
Read more
  • General
  • News
  • Residential
Jun 4, 2019

What an RBA rate cut could mean for borrowers

The Reserve Bank Australia has made its first changes to the official cash rate since August 2016, falling to a record low of 1.25% on Tuesday 4 June 2019. For those who follow rate changes, this comes as no surprise: the cut was first mooted in early May, but the decision was pushed back so…
Read more
  • General
  • Home Loans
  • News
  • Residential
Jun 25, 2019

Five fun ideas for the spare room

Perhaps you’ve just upgraded to a family house but you’re yet to hear the pitter patter of tiny feet. Or your fledglings have flown the nest but you love the house too much to downsize. Either way, you may find yourself in possession of that most luxurious asset: a spare room. A lot of spare…
Read more
  • General
  • Interior Design
  • Residential
Jun 12, 2019

Significant transaction creates rare Clare Valley buying opportunity

The historic Kadlunga aggregation has been sold off-market to George and Sophie Millington, resulting in a contiguous holding of almost 1,000 hectares of blue ribbon cropping country being offered to the market. The aggregation is located near Mintaro in the Clare Valley and spans some 3,923 hectares of what many people consider to be some…
Read more
  • News
  • Rural
  • South Australia