No movement by the RBA for the month of March
“At today’s meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target. The Board will further assess the case for such action at forthcoming meetings.” – RBA READ MORE
Sydney rental yields head lower to 3.6%: CoreLogic RP Data
Sydney might take over from Melbourne as having the lowest gross rental yields across the capital cities, CoreLogic RP Data research director Tim Lawless said.
The possibility arose as Tim Lawless noted the latest month on month results showed a moderation in the rate of dwelling value growth compared with the December and January movements.
Australia’s combined capital cities have seen dwelling values rise by a further 0.3% in February taking home values 8.3% higher over the past 12 months.
Source: CoreLogic RP Data Home Value Index, as of 28 February 2015
The monthly rate of growth however slowed from 1.3% in January and 0.9% in December, although the growth trend remains strong, particularly in Sydney and Melbourne.
“The slower rate of capital gain in February may come as a surprise to some who were expecting lower mortgage rates to instantly propel the pace of home value growth higher,” Lawless said. Click here to read the full article which was published in the Property Observer.