Businesses and commercial property investors will have to come to terms with a new commercial finance landscape. That’s one of the key findings from a CBRE Research survey of 33 lenders – a mix of local banks, international banks and non-bank lenders – to the Australian commercial real estate sector. Lenders expect interest rates … Read more
Australia’s economy expanded 0.9% in the June quarter, according to the most recent data from the Australian Bureau of Statistics. That was the third consecutive quarter of economic growth, following a contraction in the September 2021 quarter, which was caused by the Delta outbreak and lockdowns in Sydney, Melbourne and other places. The economy … Read more
The official cash rate has lifted again today to 2.60% for the sixth consecutive month. This is the highest the rate has been since July 2013 when it was 2.75%. The increase will impact any homeowner with a variable-rate or split home loan, or anyone considering taking out a new loan. But it isn’t only … Read more
