Business
RBA makes interest rate call amid house price boom – Yahoo Finance Australia
Interest rates remain at 0.10 per cent in Australia.
The Reserve Bank Governor Philip Lowe has handed down the cash rate decision. Images: Getty.
Australias official interest rate will remain at 0.10 per cent after the Reserve Bank of Australia (RBA) handed down its official verdict on Tuesday afternoon.
It comes as Australian home values record their fastest monthly growth in 32 years, increasing 2.8 per cent in March and sparking concerns of a bubble.
The median home value is now $624,768, an increase of $15,884 since January.
RBA Governor Philip…
-
Noosa News23 hours agoPolice declare emergency zone in Sunshine Coast as person with gun runs through residential streets
-
Noosa News24 hours agoAnswers sought as GMO ingredient concerns suspend fire ant treatment on organic farms
-
General24 hours agoAustralia and PNG prepare to sign landmark defence deal
-
General23 hours agoPolice condemn ‘brazen’ Sydney shooting after three people escape injury