2-Sense: Interest rate cuts begin, tentatively

Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions! In this week’s episode, Chris and Pete cover:  1 – CBA cuts rates for new borrowers 2 – S&P mortgage arrears steady 3 – Australia introduces students cap at 270,000 Episode resources Rask community forum https://community.rask.com.au/home 1 – CBA cuts rates for new borrowers https://www.abc.net.au/news/2024-08-24/why-banks-are-cutting-interest-rates-when-rba-isnt/104250592 https://realty.economictimes.indiatimes.com/news/international/australias-cba-cuts-interest-rates-on-some-home-loans-for-new-borrowers/112757306 https://www.reuters.com/business/finance/cba-cuts-rates-new-borrowers-re-igniting-mortgage-war-fears-2024-08-23/ 2 – S&P arrears steady https://www.mpamag.com/au/news/general/australian-rmbs-sector-shows-stable-arrears/502950 https://www.theaustralian.com.au/business/economics/sp-global-warns-high-interest-rates-and-rising-jobless-numbers-to-fuel-mortgage-arrears/news-story/a7d74b84f97021574c210b1c8a0a6727 https://www.theaustralian.com.au/business/financial-services/apra-restructures-divisions-as-new-prudential-priorities-revealed/news-story/0a48e17c46efb2bad3ab23245c3114be 3 – Australia introduces students cap at 270,000 https://www.bbc.co.uk/news/articles/cd734wed3y9o https://www.theguardian.com/australia-news/article/2024/aug/27/albanese-government-international-student-cap-university https://www.abc.net.au/news/2024-08-27/international-student-caps-higher-education/104274056 ~~ Resources you'll love ~~ Invest with Owen: https://bit.ly/R-invest Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Ask a question: https://bit.ly/3QtiY00 DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices