August 31, 2024

2-Sense: Interest rate cuts begin, tentatively

40 minutes

Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!

In this week’s episode, Chris and Pete cover:

1 – CBA cuts rates for new borrowers

2 – S&P mortgage arrears steady

3 – Australia introduces students cap at 270,000

Episode resources

Rask community forum

https://community.rask.com.au/home

1 – CBA cuts rates for new borrowers

https://www.abc.net.au/news/2024-08-24/why-banks-are-cutting-interest-rates-when-rba-isnt/104250592

https://realty.economictimes.indiatimes.com/news/international/australias-cba-cuts-interest-rates-on-some-home-loans-for-new-borrowers/112757306

https://www.reuters.com/business/finance/cba-cuts-rates-new-borrowers-re-igniting-mortgage-war-fears-2024-08-23/

2 – S&P arrears steady

https://www.mpamag.com/au/news/general/australian-rmbs-sector-shows-stable-arrears/502950

https://www.theaustralian.com.au/business/economics/sp-global-warns-high-interest-rates-and-rising-jobless-numbers-to-fuel-mortgage-arrears/news-story/a7d74b84f97021574c210b1c8a0a6727

https://www.theaustralian.com.au/business/financial-services/apra-restructures-divisions-as-new-prudential-priorities-revealed/news-story/0a48e17c46efb2bad3ab23245c3114be

3 – Australia introduces students cap at 270,000

https://www.bbc.co.uk/news/articles/cd734wed3y9o

https://www.theguardian.com/australia-news/article/2024/aug/27/albanese-government-international-student-cap-university

https://www.abc.net.au/news/2024-08-27/international-student-caps-higher-education/104274056

~~ Resources you'll love ~~

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Property Coaching: https://bit.ly/R-P-coach

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Accounting with Grey Space: http://bit.ly/3DG5lWS

Business Coaching: https://bit.ly/o-coach

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