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Daily Bulletin

Rates and housing risk: beware outsourcing policy to regulators

  • Written by: The Conversation
imageThe superheated Sydney housing market has regulators, and the Reserve Bank, worried.Joel Carrett/AAP

The Reserve Bank of Australia would dearly love to be like Dr Doolittle’s amazing pushmi-pullyu, able to face both directions at once. Cutting interest rates to encourage economic activity (and a lower dollar), but at the same time raising...

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REIQ welcomes RBA rate cut of 25 basis points to 2.0%

  • Written by: Felicity Moore

Brisbane 5 May 2015. The decision by the Reserve Bank of Australia to reduce the cash rate by 25 basis points to an historic low of just 2.0 per cent today is good news for the Queensland market, according to the Real Estate Institute of Queensland (REIQ).

The rate announcement will improve borrowing conditions for those looking to buy and will add a much-needed boost in regional areas of Queensland where the market is stabilising after a period of decline. 

REIQ CEO Antonia Mercorella said the rate cut was good news for Queensland.

“Today’s rate cut may be the nudge we need in parts of the state where sales have been soft,” she said. “It may encourage some who have been hesitant about getting into the market to finally take that step and buy while there are good opportunities.

“We are seeing new indicators, such as sales volumes increasing to five-year highs, which show that the market is improving but we also know there is still some way to go before we can say the property market in Queensland is thriving.”

Ed Stone could be a millstone in coalition negotiations

  • Written by: The Conversation
imageYou have seen yourselves that I have spoken to you from Hastings. Stefan Rousseau/PA

Labour leader Ed Miliband has taken what many have seen as an odd decision by setting his party’s main election promises quite literally in stone.

Over the final weekend before polling day, Miliband unveiled the eight-foot tablet with Labour’s six...

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