Sell with Confidence
Read More
News

First interest rate cut in four years

By Tyler Nash

Interest rates have today been cut by the Reserve Bank of Australia (RBA) for the first time since November 2020.

The move, which many anticipated after 13 successive increases, sees interest rates drop .25 basis points to 4.10 per cent.

“Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,” the RBA said.

“In the December quarter underlying inflation was 3.2 per cent, which suggests inflationary pressures are easing a little more quickly than expected.

“There has also been continued subdued growth in private demand and wage pressures have eased.

“These factors give the Board more confidence that inflation is moving sustainably towards the midpoint of the 2–3 per cent target range.”

The move was welcomed. Within minutes the Real Estate Institute of Queensland said it will improve “borrowing capacity and provide mortgage relief”.

For more information, click here.

Up to Date

Latest News

  • Green light for new apartments

    Plans have been approved for a new nine-storey apartment block in Redcliffe – but there are concerns over parking during construction. Moreton Bay City Councillors unanimously backed proposals, subject to conditions, for 92 new dwellings at 23-29 Alfred St, Woody Point. There will be two parking levels (one a basement) and seven … Read more

    Read Full Post

  • Big move for The Rustic Olive restaurant

    Much-loved The Rustic Olive Italian restaurant at Redcliffe will move from its home of 12 years in the coming months. Owner Sam Ayache, who opened the restaurant at its original Redcliffe location 17 years ago, says it will move a little further up on Redcliffe Pde to the former ERA … Read more

    Read Full Post