In the RBA’s June meeting, the board added 50 basis points to the 0.35 per cent rate, increasing the cash rate target to 0.85 percent in its second rise in two months. Yesterday marks the first time in over 20 years that the RBA had increased the cash rate target by more than 25 basis points. RBA governor Philip Lowe said inflation in Australia has increased significantly and is expected to increase further, foreshadowing further rate rises in the coming months. “Today’s increase in interest rates by the Board is a further step in the withdrawal of the extraordinary monetary support that was put in place to help the Australian economy during the pandemic,” he said in a statement.

For many, investing in the property market is something that they dream of for a long time before making the move. Asking questions like: Where is the best location for an investment property? Should I invest in a house or an apartment? Am I better to buy an existing property or buy new? Is now the right time to invest? These are all very normal questions, in this article we will explain what we are seeing in the current Australian rental market to help you answer some of these questions. The words RENTAL CRISIS are being thrown around a lot lately to describe the rental situation currently facing Australians, but what is causing many industry experts to use these words in describing the current rental market? Put simply there are a lot fewer rental properties on the market and a lot more people looking.

As property prices across Sydney climb further and further out of reach for the average Australian, it is becoming increasingly common for families, as well as first home buyers to look towards outer suburbs when seeking to settle down. Box Hill, in Sydney’s outer north-west, is undergoing a major transformation thanks to a huge population boom across the entire Hills Shire.