With lenders placing profit over customers by failing to pass through rate cuts, Frydenberg tells borrowers to “take their business elsewhere”
Investor activity in the residential property market has taken multiple hits over recent years, the latest being a 3.4% decline in returns in FY18/19, compared with a rally of 11.4% on ASX investments. Australian Broker examines the situation and where the opportunities lie for brokers
It would be “unrealistic” to expect June’s reduction to be enough, he says
Much anticipated RBA decision comes amidst growing expectation of first cut since 2016
The RBA has now revised its position that its next move will be an increase
The RBA has made the announcement alongside commentary on its economic outlook