Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%
On the back of recent concerning data around inflation, the Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%. The decision was in line with market expectations, given that the RBA recently said it would “not hesitate to raise the cash rate further if there is a material upward revision to […]
What’s happening with Australia’s interest rates and how govt is helping new buyers?
With lots of people coming off fixed rates right now, it’s no surprise that an enormous amount of refinancing is occurring as borrowers look to switch to lower-rate loans. The latest Australian Bureau of Statistics (ABS) data has revealed that borrowers did $20.60 billion of refinancing in August, which was 3.9% lower than the month […]
Cautious Australian consumers cut back on spending in 2023
Revenue is falling in a significant number of industries, based on the latest monthly data from the Australian Bureau of Statistics. Between June and July, revenue fell in seven industry groups: By contrast, revenue rose in six industry groups: Roy Morgan’s consumer confidence index for the week of September 11–17 reported that consumer confidence rose […]
RBA leaves the cash rate at 4.10%
The Reserve Bank of Australia (RBA) has left the cash rate at 4.10% for the fourth consecutive month, as many commentators had expected. While the RBA has said in the past few months that it may increase the cash rate in the future, many commentators believe that rates have now peaked. Inflation will be the […]
Aperto Finance Insights
In this edition, we delve into crucial updates on: Aperto Finance Service, Perth, Karratha, Broome, Kalgoorlie, and Mt Hawthorn. Shadow Economy “Most Reported” Industries The term “Shadow Economy” denotes activities conducted outside of tax and other regulatory frameworks. In the 2021–22 fiscal year, the ATO received 43,000 reports about businesses operating in this manner. Common […]
Aperto Finance Update: Discover the latest Australian Business, Finance & Economy News
These four key stories will help you make sense of what’s happening in business, finance, and the economy right now: Vehicle Sales Rise 14.7% year-on-year as supply shortages ease Businesses and consumers purchased a record number of new vehicles in July, according to the Federal Chamber of Automotive Industries (FCAI). Motorists bought 96,859 new vehicles […]
