RBA cuts interest rate to 1.25%
The Reserve Bank of Australia (RBA) on Tuesday lowered the cash rate by 25 basis points to 1.25% to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.
Slowdown in house prices decline
House prices across the nation dropped by 4% in May, making it the smallest month-on-month decline since May 2018, according to CoreLogic.
NAB lowers fixed-loan rates
National Australia Bank (NAB) announced on Thursday that it is discounting some of its fixed-rate mortgages. However, these markdowns are not being offered to property investors.
