RBA Decision today? Opinions 1 hour to go.

Discussion in 'Property Market Economics' started by Illusivedreams, 4th Jun, 2019.

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Will RBA Reduce rate today?

  1. -25 BP

    37 vote(s)
    78.7%

  2. -50 BP

    1 vote(s)
    2.1%

  3. 0 No change

    9 vote(s)
    19.1%
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  1. PandS

    PandS Well-Known Member

    Joined:
    14th Feb, 2017
    Posts:
    1,165
    Location:
    NSW
    The hunt for yield is on, all bluechip high yield will get pushed up
     
    PandS, 4th Jun, 2019
    #21
    Redom likes this.
  2. Redom

    Redom Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    4,653
    Location:
    Sydney (Australia Wide)
    Mortgages are very profitable.

    ANZ's not doing very well in credit growth terms, so one way to address it is to increase margins.

    Disappointing.

    But they have been a little bit cheaper than the market for the last 2-3 months & have a lower SVR than most (marginally), so perhaps that means the others will increase by a bit more than this.
     
    Redom, 4th Jun, 2019
    #22
  3. sqe

    sqe Well-Known Member

    Joined:
    13th Jun, 2018
    Posts:
    114
    Location:
    Australia
    When do you expect the APRA change to come into effect?
     
    sqe, 4th Jun, 2019
    #23
  4. Rolo

    Rolo Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    116
    Location:
    Sydney
    what are your thoughts on westpac leaving 5 points? considering they increased rates recently by 14 points. interesting they reduced investor IO loans by 35 points.
     
    Rolo, 5th Jun, 2019
    #24
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