Chief economist update: Australian property market slumpBY BENJAMIN ONG | FRIDAY, 18 JAN 2019 11:41AMHomebuyers can afford to wait for property prices to come down some more, the RBA cannot. Related News |
Editor's Choice
Early release of super scammers cop prison time
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.
Super funds slash external mandates by 54%
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.
ASIC tells super funds to 'step it up'
ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.
Brookfield bids for majority stake in Neoen
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen.
Further Reading
Sponsored by | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
If RBA cuts interest rates it will reduce the value of AUD especially as the Feds are raising interest rates. This will mean more expensive imports such as electronics, clothing and petrol. Leading to increase cost to run business and thus cutting employees and raising prices. Added with the low wage rise we have experienced in Australia this will lead to less spending. Not to mention less overseas investment coming into Australia due to low interest rates. And that Aussie banks may still keep their interests the same or even raise theirs if the US hikes up theirs again this year anyway. RBA has got a tough decision to make but hoping that by lowering interest rates will boost up home prices is extremely simplified theory.