The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts.
The Reserve Bank of Australia decided to once again reduce the official cash rate, this time to 1% in a concentrated effort to boost household spending and the economy in general.
With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to a record low of 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016.
Positive Credit Reporting also known as Comprehensive Credit Reporting (CCR) is a reporting system whereby lenders share more of your data with credit bureaus such as Equifax and Experian. This in turn will be listed on your credit report.
In the past, the only information that was mandatory to share was Negative Credit Reporting. It wasn’t until 1st July 2018 when it was made compulsory for the big banks to share at least 50% of your positive credit data with credit bureaus. By 1st July 2019 this amount will be increased to 100%.
Looking for your first home is a very exciting time, but it can also be a little daunting as you start to think about everything that is involved. That’s why we’re here, to do the hard work for you & save you time & stress. Here is a list of things that you need to consider when looking to get your foot on the property ladder: