Market expected to cut interest rates in May

Concerned that the Chinese economy is slowing down and affecting the Australian economy, the market expects that the next rate cut will be in May. Interest rate traders last week generally expected a 0.25-point rate cut in June, but now they think it will be cut in May. The previous major analysts had expected that…

National house prices rose in January

Australian house prices continued to rise in January, with more than just Sydney and Melbourne. The capital cities of Southeast Australia continued to lead, with Melbourne up 1.2% and Sydney 1.1%, but other cities also rose, and the struggling Perth and Darwin markets also rose 0.1%. Overall, CoreLogic figures show that growth has slowed from…

What buyers should know before buying a house

Foreword Buying a house is probably one of the most important plans for a person. Many believe that the seller must disclose matters affecting the value of the real estate, especially if the buyer has no other way to find the full history of the house. Lawyers or transporters acting on behalf of the buyer…