RBA Cash Rate Announcement: June 2024

Welcome to the fourth RBA Rate Release of 2024 with your hosts, Ben Kingsley and Evan Lucas! 

Here’s a rundown of what Ben and Evan discuss in today’s episode: 

  1. RBA’s Cash Rate Decision: We’re covering the latest from the Reserve Bank of Australia’s cash rate decision, as announced at 2:30pm (AEST) today! 
  2. Australia’s GDP Growth Slump: Australia’s economic growth has hit a big slowdown – the worst since the early ’90s recession, but population growth is helping us avoid a full-on recession. The RBA, though, is still waiting to see inflation drop. 
  3. Job Market Tightness: Jobs in Australia are in high demand, with more folks than ever juggling multiple gigs. It shows some economic strength, but with folks saving less and spending more, we might be hitting a snag. 
  4. Property Market Trends: Property loans are on the rise, especially for owner-occupier homes and investments. Ben crunches the numbers on land taxes and rental yields across the states, giving us the lowdown on exactly how it affects those in the property market. 

Whether you’re an investor, homeowner, or just curious about how things are shaping up in the economy, this episode is where it’s at! 

PSA: If it’s been some time since you last took a look at your home loan, it might be time to hit up your Mortgage Broker and get a review sorted.

With so much changing over the last few years, you need to ensure you’re getting the best deal out there. And if you’re on the lookout for an investment-savvy Mortgage Broker, our award-winning sister company Empower Wealth has you covered!

Empower Wealth’s expert team can give your current mortgage a once-over; just head over to their Mortgage Broking page today or fill in the form below to book a free consultation.



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