Market Essentials - November 2019

October saw the third interest rate cut since June with the Reserve Bank cutting official rates to a new record low of 0.75%. Interest rates in Australia have halved since June.

The Federal Government also announced eligibility details for its First Home Loan Deposit Scheme. Under the Scheme, up to 10,000 eligible first home buyers each year will be able to access a government-guaranteed loan from 1 January 2020.