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RBA cuts rates to new record low to kickstart economy
The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, injecting stimulus into a slowing economy as it looks to turn around sluggish employment, wages and inflation. The rate cut, just weeks after the May 18 federal election, marks the first time the RBA has used its central monetary policy lever in almost three years - the longest period ...
The Melbourne suburbs where properties are renting quickest
Renters in Balaclava and Elwood face the tightest competition to find a home, with properties sitting on the market for the fewest days in the city on average, new data shows. Both suburbs had an average of about 19.6 days on the market, closely followed by Preston, Craigieburn, Collingwood and Ringwood with averages between 20 and 20.2 days on the market, from the start of the year to the end...
