9 Mar 2021
Reserve Bank of Australia (RBA)
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
As JobKeeper comes to an end on the 28 March 2021 for the remaining 1 million workers the attention turns to the RBA and what is it going to do with interest rates.
The most likely answer is nothing.
If you have a look at the attached charts, investor credit and investor loan approvals are negligible compared to the past 15 years according to the Australian Bureau of Statistics (ABS) and similarly investor interest only lending has also fallen according to Australia Prudential Regulatory Authority (APRA).
Click for charts.
We agreed that there is increased demand for owner occupied housing but investors are largely absent.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
