RBA Holds Cash Rate In April
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RBA Holds Cash Rate In April

The central bank keeps rates on hold as rising inflation continues.

By Terry Christodoulou
Tue, Apr 5, 2022Grey Clock < 1 min

The Reserve Bank of Australia has decided to hold the cash rate at its current low of 0.1 per cent, in line with market expectations.

The last time the rate moved was in November of 2020 when the RBA cut rates from 0.25% and began broad quantitative easing. The RBA hasn’t raised rates since November 2010.

Dr Philip Lowe, Governor of Monetary Policy outed difficulties concerning inflation caused by the war in Ukraine which has seen ongoing supply-side problems leading to inflation rising sharply in many parts of the world.

Despite this, the Australian economy remains resilient and spending is picking up from the Omicron setback while the labour market is in good health.

“The strength of the Australian economy is evident in the labour market, with the unemployment rate falling further to 4 per cent in February. Underemployment is also at its lowest level in many years,” said Dr Lowe in his monthly address.

Housing prices have eased recently with Dr Lowe continuing to urge lenders to maintain lending standards.

“With interest rates at historically low levels, it is important that lending standards are maintained and that borrowers have adequate buffers.”

On the future of the cash rate, Dr Lowe maintained that consistency will be the primary driver of raising rates.

“The Board has wanted to see actual evidence that inflation is sustainably within the 2 to 3 per cent target range before it increases interest rates.”

“Over coming months, important additional evidence will be available to the Board on both inflation and the evolution of labour costs. The Board will assess this and other incoming information as its sets policy to support full employment in Australia and inflation outcomes consistent with the target.

 

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237