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Board decided to leave the cash rate unchanged at 1.50 per cent


  At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices have risen recently, although Australia's terms of trade are still expected to decline over coming years. Wage growth remains low in most countries, as does core inflation. Headline inflation rates have declined recently, largely reflecting the earlier decline in oil prices. In the United States, the Federal Reserve expects to increase interest rates further and there is no longer an expectation of additional monetary easing in other major economies. Financial markets have been functioning ef...


Statement by Philip Lowe, Governor: Monetary Policy Decision


    At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices are generally higher than they were a year ago, providing a boost to Australia's national income. The prices of iron ore and coal, however, have declined over recent months as expected, unwinding some of the earlier increases. Headline inflation rates in most countries have moved higher over the past year, partly reflecting the higher commodity prices. Core inflation remains low, as do long-term bond yields. Furth...


Perth project named Australia's home of the year


  A luxurious three-storey home in Sorrento has been named home of the year at the 2017 HIA-CSR Australian Housing Awards. Announced on Saturday, the annual awards’ most prestigious gong went to builder Spadaccini Homes, which won both the Australian Home of the Year and Australian Custom Built Home of the Year awards.The home is fully automated, with lights, water features, televisions, security, doors and windows controlled via iPads. Covering almost 1500sqm, the spectacular home features five bedrooms, imported joinery from Europe, a fully automated smart home system, a spa overlooking the coast from the second floor, and marble flooring throughout — including in the 10-car display garage. WA also picked up a third prize at the awards, with local builder Averna Homes winning the title of best spec home for a project in Carine. WA has taken out the Australian Home of the Year prize in three out of the last four years, with Giorgi taking out the top honour in 2...


What's on in November 2016


See what's happening around Perth for November 2016!


November 2016 Cash Rate Decision


At its meeting today, 1st of November 2016, the Board decided to leave the cash rate unchanged at 1.50 per cent.The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Economic conditions in China have steadied recently, supported by growth in infrastructure and property construction, although medium-term risks to growth remain. Inflation remains below most central banks' targets.Commodity prices have risen over recent months, following the very substantial declines over the past few years. The higher commodity prices have supported a rise in Australia's terms of trade, although they remain much lower than they have been in recent years.Financial markets are functioning effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative. Government bond yiel...


October 2016- What's Happening in Perth


Rock Rattle and Roll for TelethonFrom old vintage cars, pin up girls, music and more head on down to Wanneroo showgrounds to help support Telethon. If you plan to take the kids head down on Sunday as the Kids Korner will open, plus children under 10 are FREE!  When: 15th and 16th October 2016Where: Wanneroo ShowgroundsCost:  Saturday Night: Adults $25 and Children under 16 are FREE          Sunday Day: Adults $10 and Children under 10 are FREEBUY TICKETS HERE Cash only at the gate- NO EFTPOSWEBSITEMindarie Marina Boardwalk Beer FestivalMindarie Marina is celebrating all things craft beer! This is an annual event not to be missed. The day will feature free beer and cider tastings, bucking beer bottle rides, man cave themed markets and the swheet swheet tunes of DJ Turner on the Boardwalk! The kids aren’t to be forgotten either! Bubble Station, temporary tattoos and jumping castles are just some of what is in store!When:  ...