Golden Age Finance and Investment Group in Hurstville, New South Wales, Australia | Estate agents

Golden Age Finance and Investment Group

Locality: Hurstville, New South Wales, Australia

Phone: +61 2 9570 8833

Address: Shop 4, 107-109 Forest Road 2220 Hurstville, NSW, Australia

Website: http://www.goldenagegroup.com/

Likes: 148

Add/Update information

Reviews

Tags

• Property
• Mortgage brokers
• Estate agents
• Credit counselling service

24.01.2022 RBA reveals March cash rate call While the autumn wind blows colder, things are heating up in the property market as the Reserve Bank of Australia (RBA) decided to slash the official cash rate to a historic low of 0.50% at its meeting today. At the previous meeting, RBA governor Philip Lowe said that despite expectations of stronger global growth this year, the recent coronavirus outbreak has become a source of uncertainty. In the short term, the bushfires and the coronaviru...s outbreak will temporarily weigh on domestic growth. He also said that we may expect an extended period of low interest rates. The Board will continue to monitor developmentsIt remains prepared to ease monetary policy further if needed, Lowe said. The cash rate is the lowest it’s ever been and lenders are offering competitive rates to help you achieve your property goals. If you have had your mortgage for a while, now’s the perfect time to make the most of the cash rate cuts, so let us help you out. Get in touch today!

21.01.2022 The second round of face masks giveaway will begin tomorrow from 11:00am. There are about 500 packs (4000 pieces) to be distributed and will finish while stocks last. (Disclaimer: The face masks are sourced through various online channels, we cannot guarantee the standard conformity of the face masks as we are not the medical professionals.) ... ( ( )

19.01.2022 Mission accomplished: 4000 pieces of face masks distributed within half day. :

19.01.2022 How the Budget will get the property market moving again The 2020 Federal Budget announced a range of economic measures to help support individuals and businesses through the COVID-19 downturn. It also includes some initiatives that could be helpful if you want to buy your first home, build a granny flat or put money aside to invest. Even though 2020 has been a difficult year for many of us, these measures will hopefully stimulate both the economy and the property market so w...Continue reading

16.01.2022 A HOMEWONER'S GUIDE TO REFINANCING With a home loan it’s easy to just ‘set and forget’. But it’s sensible to review your home loan every two to three years or so. We’re living in a world of rapid change, where interest rates can go up and down, new lenders emerge and more competitive products become available so keeping the same home loan for 30 years could cost you more money than you need to spend! In this article, we provide the process to refinancing your home loan, break...Continue reading

16.01.2022 RBA REVEALS AUGUST CASH RATE The Reserve Bank of Australia (RBA) has announced the official cash rate for August, with Melbourne’s stage 4 restrictions weighing heavily on the national economy. The RBA has held the official cash rate for the fifth straight month at 0.25 of a percentage point, following an out-of-cycle cut in March.... Before the RBA’s announcement, AMP chief economist Shane Oliver noted the central bank is unlikely to change the official cash rate. Mr Oliver said: Having provided massive monetary stimulus back in March, the RBA is still in ‘watch and wait’ mode, with the focus on fiscal policy. It could still ease monetary policy a bit further later this year, but the bank does not see any value in going negative on rates, cutting to, say, 0.1 [of a percentage point] is hardly worth the effort (although it’s possible) which leaves more QE as the main tool for any further easing. CreditorWatch CEO Patrick Coghlan believes while the economy is facing hardships, business confidence is rising, meaning a rate change was not necessary today. Last month’s mini-budget announcement has shown the extent that our economy has been devastated by the pandemic. With 870,000 jobs lost between March and May, the Treasurer was right in outlining that our nation has a ‘mountain to climb’, he said. However, he highlighted the underlying economy is still being held up by government support, meaning action in the future might be needed by the central bank. By maintaining interest rates today, this is sympathetic to the balancing act our economy faces. However, there is concern that by extending the likes of the government’s business stimulus packages, we are simply kicking the can down the road, Mr Coghlan said. Once the likes of JobKeeper, JobSeeker, mortgage holidays and safe harbour do eventually come to an end, there will be a seismic shock to the economy as companies will have to either fend for themselves or admit defeat. When will the central bank lift rates? GSFM’s adviser, Stephen Miller, believes rates will remain lower for longer. I think the policy rate will be unchanged between now and the end of 2022. Dr Shane Oliver reaffirms this by highlighting that he believes the next rate rise will be at least three years away.

15.01.2022 We have a limited supply of Instant Hand Sanitiser produced by a local GMP factory. Please contact us on 0401 815 111 or 0420 497 071 if you are interested. GMP 0401 815 111 0420 497 071

14.01.2022 RBA sets historic November cash rate In a move that would have seemed impossible just months ago, the Reserve Bank of Australia (RBA) has cut the nation's official cash rate from 0.25% to a new record low of 0.10%. Today’s rate cut will only have a material impact on Australia's mortgage market if the banks opt to pass the savings through to their customers.... According to CreditorWatch chief economist Harley Dale, such a lowering of fixed rate mortgages could provide a powerful charge to the country's economic recovery. However, Dale also emphasised that the RBA is now out of ammunition in terms of using the cash rate as a tool in its COVID-19 recovery arsenal. Any further support the Australian economy requires will have to come from fiscal policy and quantitative easing, he added. An aggregator head provided further colour around the significance of the RBA's November decision, saying the rate reduction is somewhat irrelevant to the mortgage and finance broking industry. Loan Market executive chairman Sam White clarified that while he welcomes today's cut, and understands the RBA is doing all it can to support the economy’s recovery from the pandemic, he doesn’t believe the move will have a significant impact on the broking industry; rather, the sector’s primary issue remains the bottlenecks in the home loan application process. Before today, borrowers with a mortgage of $400,000 were paying about $300 less a month on a 25-year loan than they were 18 months ago [so] we probably don’t need a rate cut at this point in time, White said. Faster and more certain loan approval processes, especially amongst the big banks, would do more to drive applications than a cash rate cut. Yet White predicts that, on the back of today’s cash rate reduction, lenders will focus their efforts primarily on becoming "ultra-competitive" with rates in a bid to win new borrowers to their brands; he hopes he's wrong. There’ll be a lot of jostling for the lowest product. But, we already have historic levels of affordability and have had for some time," White explained. Lenders would do themselves a favour if they placed the same level of importance on streamlining their application processes as they do interest rates."

13.01.2022 RBA REVEALS JULY CASH CALL The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for July amid speculation the central bank has reached the lower bound. The central bank acted as most economists predicted, holding the cash rate at 0.25 per cent, having previously stated it does not believe negative rates are effective.... Sarah Hunter, BIS Oxford Economics highlighted before the announcement that the RBA has no interest in moving the cash rate. "The RBA have made it clear that, for now at least, they don't see negative rates as being necessary or effective. So I think the next move will be up, but it will be quite some time into the future, she said. CreditWatch CEO Patrick Coghlan told investors to watch out for changes in September. While positive sentiment has increased in recent weeks as the economy and trade starts to open up, the big concern is what happens in and around September when the stimulus (consumer & commercial) packages potentially come to an end namely, job-keeper, jobseeker, rental abatement, a home loan repayment reprieve (mortgage holidays), insolvency/bankruptcy legislation and safe harbour changes, he said. There’ll be a serious shock to the economy as people are once again forced to start paying the bills and/or stop receiving government incentives. When will the central bank raise the cash rate? IMF Investors’ chief economist Alex Joiner believes savers will suffer through low rates for the foreseeable future. The RBA is going to have its current policy settings in place for an extended period of time as it needs to support the economy while the labour market repairs. It is difficult to envisage a rise in the cash rate before the end of 2022 in my view as not only do unconventional policies need to be unwound first, it is abundantly clear the RBA won't want to be ahead of other central banks in removing their huge stimulus programs and therefore putting undue upward pressure on the AUD."

12.01.2022 BREAKING NEWS! Emergency RBA meeting leads to cash rate cut At its emergency meeting today the Reserve Bank (RBA) announced a cash rate cut of 0.25%, bringing the cash rate to 0.25% the lowest in Australian history!... This cut was made in response to the global coronavirus (COVID-19) crisis, which has been declared a pandemic by the World Health Organization (WHO). Australia has entered unchartered economic territory and uncertainty associated with the COVID-19 outbreak. The RBA made the decision to decrease the cash rate to help mitigate the economic impact of the pandemic. Many lenders reduced their interest rates in response to the cash rate cut earlier this month so, if you’re looking to buy a new property or refinance now is a good time to get in touch.

12.01.2022 RBA MAKES FIRST CASH RATE CALL FOR 2021 At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate unchanged at the historic low of 0.10 per cent. ... Australia’s housing market started the year on a firm footing as shown in CoreLogic’s January data. Despite the rebound in housing values, RBA Governor Philip Lowe said that we may expect an extended period of low interest rates as the Board is set to keep its cash rate low until actual inflation is within its two to three per cent target band. The recovery was still expected to be uneven and protracted, and it remained dependent on significant policy support and favourable health outcomes. It would take some time for output to reach its pre-pandemic level and an extended period of high unemployment was in prospect, Lowe said. The cash rate is the lowest it has ever been and will remain low for a while. This means strong competition among lenders, so get in touch to talk about your pre-approval. We will also help you review your existing loan to make sure it’s still competitive. Get in touch today!

10.01.2022 RESERVE BANK OF AUSTRALIA CASH RATE ANNOUNCEMENT At its meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 0.25%. This follows two consecutive cash rate cuts to 0.50% and 0.25% in March. With the global coronavirus (COVID-19) crisis coming off the back of the Australian bushfires, RBA decided to keep the cash rate to record lows to support the economy as it responds to these various crises. According to RBA governor Philip Lowe at the... previous meeting, At some point, the virus will be contained and the Australian economy will recover. In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly. Along with the decline in the cash rate and changes to the fiscal and monetary policy, the housing market is also experiencing a sharp slowdown in activity, with the downside risk for housing values increasing. Moreover, CoreLogic forecasts that the slowdown in growth is likely to continue into negative in the coming months. With this outlook, we may experience low interest rates for a while. You may want to compare available home loans to make sure you’re still getting a competitive offer that suits you. Get in touch with us so we can help you shop around for the right home loan and arrange a loan pre-approval!

09.01.2022 Winter has arrived quickly and we’re hoping you’re well and keeping warm. Recently the property market slowed down considerably with the COVID-19 pandemic having a huge impact. Find out more about home value movements in each state below. Interest rate news The Reserve Bank of Australia (RBA) announced it has decided to keep the official cash rate unchanged at 0.25% at its meeting on the 2nd June.... According to the RBA, the pace of recovery for the quarter beyond June is uncertain. The outlook will depend on the extent to which the market continues to be affected by social distancing and other containment restrictions. RBA governor Philip Lowe said in the previous meeting that the Board will not increase the cash rate until progress is being made towards full employment and inflation is sustainably within the 2-3 per cent target band. Interest rates remain low for some time and there are plenty of competitive home and property investment loans available. Talk to us to make sure you’re getting the right deal for you. Home value movements We have seen a reduction in home values in May as the market activity showed more positive signs. The Home Value Index report from CoreLogic shows that the estimate of sales activity bounced back by 18.5% in May after a drop of 33% in April. CoreLogic head of research, Tim Lawless, said Considering the weak economic conditions associated with the pandemic, a fall of less than half a percent in housing values over the month shows the market has remained resilient to a material correction. With restrictive policies being progressively lifted or relaxed, the downwards trajectory of housing values could be milder than first expected. Melbourne’s housing market has posted the largest fall over the month, down at -0.9% May. Home values were also down in Sydney (-0.42%), Brisbane (-0.08), Perth (-0.56%) and Darwin (-1.59%), but rose in Canberra (+0.55%), Hobart (+0.77%) and Adelaide (+0.45%). * Monthly Home Values figures as at May 31, 2020 * Australian auction results, clearance rates and recent sales for the week ending May 31, 2020. The clearance rate is preliminary and current as at 10:00 am, June 1, 2020. We’re here to help you achieve your property goals While the immediate indicators are showing improvements, the longer-term outlook of the housing market remains uncertain. With property prices easing you might have plans to take this opportunity to explore new property options. If you’re a business owner, you might also take this chance to take advantage of the increased instant asset write off threshold for assets up to $150,000, so let us know if you need help with getting your finance organised quickly before the end of the financial year. Please get in touch today.

09.01.2022 Come prepared: your home loan application guide Take the stress out of applying for a home loan with a little preparation. Here are a few things you can expect to encounter when seeking loan approval. Whether you are applying for your first or fourth loan, the process can seem overwhelming. But it doesn’t have to be.... By familiarising yourself with some of the common home loan requirements and terms, you will immediately feel more confident when applying for your next loan. ID check Firstly, you will need photographic proof of identity a driver’s licence, passport or proof of age card will suffice. You will also need secondary documentation, such as a Medicare card, rates notice or utility bills that are no more than three months old. Most lenders will be looking for as much information as possible, so it’s not a bad idea to provide as many of these documents as you have available. It would also be good to have your IDs certified as some lenders may require this. Income suitability When determining your borrowing capacity, lenders will request documents outlining your financial situation. This will include payslips, bank statements and written references from your current employer. Assets and liabilities Be prepared to declare everything you own and any outstanding debt you have at the time of application. This information will go a long way to determining your borrowing capacity, as well as providing lenders with peace of mind, should you find yourself unable to repay the loan. Remember to provide bank statements, any savings accounts and term deposits, as well as details on any current liabilities or financial obligations these might include Higher Education Contribution Scheme (HECS) statements, credit card statements and other repayment records. Establishing your expenses Your ability to meet monthly loan repayments is paramount for lenders, so be prepared to outline all your current expenses. Instead of plucking numbers from the air, make a list of your monthly outgoings. Your list should include everything from rent, utility bills and travel expenses to gym memberships and leisure activities. This will not only help your lender evaluate your loan application, it will also give you a good indication of what you can realistically afford. While you may encounter some troubles along the way, coming prepared when applying for a loan can make the whole process run a lot smoother. If you are unsure of what is required, please don’t hesitate to contact us for more information.

07.01.2022 RBA MAKES JUNE CASH RATE CALL This month the Reserve Bank of Australia (RBA) has kept the official cash rate at the historic low of 0.25 per cent. RBA governor Philip Lowe said in the previous meeting that the RBA is prepared to scale up its bond purchases if needed. They will do whatever necessary to ensure bond markets remain functional and achieve the yield target of 0.25 per cent on 3-year Australian Government bonds until progress is made towards full employment and infl...ation. The RBA is confident that inflation will be sustainably within the 2-3 per cent target band. With this announcement, it is likely interest rates will remain low for a while. Now is the perfect time to compare available home loans to make sure you’re still getting a competitive offer that suits you. Get in touch today so we can get started!

06.01.2022 RBA REVEALS MAY CASH RATE CALL At its meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.25%. This is still the lowest it’s ever been! In March, the RBA decided to reduce the cash rate twice firstly to 0.50% and then to a record low of 0.25% as a response to uncertainties surrounding the coronavirus (COVID-19) global crisis. RBA governor Philip Lowe is confident that our economy will recover but the timing depends on ho...w we effectively we manage the virus. He said at the previous meeting, There is considerable uncertainty about the near-term outlook for the Australian economy. Much will depend on the success of the efforts to contain the virus and how long the social distancing measures need to remain in place. Interest rates are at its lowest and is likely to remain low. If you’ve had your mortgage for a while, now is a good time to let us help you review your current loan to ensure it still works for you. Talk to us today!

06.01.2022 HOME BUYERS PROTECTION: WHICH ONE IS RIGHT FOR YOU? 2020 has been quite an eventful year so far and unfortunately not for the right reasons. From the bushfires, the COVID-19 pandemic, and now the economic challenges, it’s been mentally and emotionally exhausting for many Australians. During challenging times, we all desire for the peace of mind that comes from knowing you, your family and your home are protected against unforeseen events. Insurance provides protection agains...Continue reading

05.01.2022 Made a little contribution to the community -- distributed 4,000 free face masks today.

04.01.2022 For Sale : $658,000.00 Negotiable Prime location in the heart of Hurstville, perfect for first home buyer or small family. - Two generous sized bedrooms - Timber floor throughout - Separate lock up storage room... - Internal laundry - Short stroll to Westfield Shopping centre and all local amenities - Only 600m from Hurstville station and bus interchange - Within Hurstville school's catchment. Please contact Patrick Yeung on 0401 815 111 for inspection.

04.01.2022 RBA HANDS DOWN RATE DECISION FOR BUDGET DAY At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate at the historic low of 0.25 per cent. ... In September, the RBA decided to increase the size of the Team Funding Facility and make it available for longer to help keep interest rates low for borrowers and support the provision of credit. The RBA also reiterated that it will not increase the cash rate until Australia is on its way back towards full employment and inflation is sustainably within the 2-3 per cent target band. There have been positive signs in the housing market and a strong rebound in consumer sentiment in the past few weeks. According to data from CoreLogic, new listings are still down but gradually gathering pace. With this outlook, we may experience low interest rates for a while. You may want to compare available home loans to make sure you’re getting a competitive offer. Get in touch with us so we can help ensure you have the right home loan to suit your needs!

04.01.2022 RBA CASH RATE ANNOUNCEMENT At its first meeting for 2020, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.75%. This is still the lowest it’s ever been!... While the first 2020 decision is to hold the cash rate, economists are predicting more rate cuts to occur early this year. However, RBA governor Philip Lowe has expressed that negative interest rates are unlikely and that the result of the previous cuts is already taking effect. This pick-up in growth should see a reduction in the unemployment rate and a lift in inflationso we are expecting things to be moving in the right direction, although only gradually. Lowe said. With this announcement and further cut predictions, it is likely that interest rates will remain low for a while. Mortgage rates are also at their lowest, so lenders are offering competitive loans. Speak with us soon for a mortgage refresh!

04.01.2022 Due to the shortage supply of face masks at the moment, the price has gone through the roof and it is not easy to find the supply of face masks. As we have pla...ced bulk orders, we can re-sell at a reasonable price. If anyone who is not able to find the supply of face masks, please contact us on 0401 815 111 or 0420 497 071. 0401 815 111 0420 497 071

04.01.2022 The RBA has cut the interest rate to a historic low of 0.1%, and will pursue more aggressive quantitative easing At its meeting today, the Reserve Bank of Australia (RBA) announced another cash rate cut to an all-time low of 0.10 per cent. This follows a hold in October at 0.25 per cent. In October, the RBA reiterated a commitment to maintain highly accommodative policy settings as long as required. RBA governor Philip Lowe highlighted the importance of the labour market as t...he Board continues to consider how additional monetary easing could support jobs and the overall economy. In terms of unemployment, we want to see more than just ‘progress toward full employment,’ governor Lowe said in his speech. We want to see a return to labour market conditions that are consistent with inflation being sustainably within the 2 to 3 per cent target range. The 2020/21 Federal Budget was delivered on the same day as the October cash rate announcement. The Budget highlighted the Government’s economic measures to support Australian households and businesses on the path to recovery. Given the cash rate cut, now is the perfect time for us to review your home loan, and check whether you are getting a competitive deal. Get in touch today.

04.01.2022 NEAT 2 BEDROOM UNIT AT BUDGET PRICE - 2 bedroom unit on 1st floor in a well maintained block. - Timber flooring. - Separate modern kitchen.... - Internal Laundry. - Huge lock up garage. - Close to train station, shopping centre, schools and child care centres. - Currently leased at $380.00 per week. - Asking price: $475,000.00. - Please call Patrick Yeung on 0401 815 111 for inspection. 8/42 FERGUSON AVENUE, WILEY PARK, NSW 2195

03.01.2022 HOME LOAN FORMAL APPROVAL PROCESS AND TERMINOLOGY EXPLAINED There’s nothing like being formally approved by a lender for a home loan. It’s your green light to buy the property you have your heart set on. Borrowers who have taken the necessary steps in the pre-application phase will be in a strong position to secure the property they want. Here, we explain how to get formally approved. Whether you’re buying your first or second home, investing in a property or refinancing your...Continue reading

03.01.2022 RBA HANDS DOWN DECEMBER DECISION ON CASH RATE At its meeting today, the Reserve Bank of Australia (RBA) has kept the official cash rate unchanged at the historic low of 0.10 per cent. Last month, the Board slashed the cash rate for the third time this year at a historic low of 0.10 per cent. This was accompanied by an additional bond purchase (quantitative easing) program worth $100 billion of government bonds over the following six months. "The combination of the RBA's bond... purchases and lower interest rates across the yield curve will assist the recovery by: lowering financing costs for borrowers; contributing to a lower exchange rate than otherwise; and supporting asset prices and balance sheets," RBA governor Philip Lowe said. Interest rates will likely remain at a record low for the foreseeable future as the RBA won’t meet in January. This is a great opportunity to review your loan or compare the home loan market to ensure you’re getting a competitive offer that suits you. Get in touch today so we can get started!

03.01.2022 Golden Age Group wants to thank you all for your continued support over the past years. I know that this past year has been very difficult for everyone, and I pray that the coming year brings more certain times for you and your family. Sending all our love and good wishes for better days ahead. I hope you and your family all have a safe and happy Christmas and a fabulous New Year. I look forward to working with you in 2021 and for all those taking a break enjoy your time off. We will be working over the Christmas time and only off on the public holidays. Wishing you and your family a very Merry Christmas and a safe and happy New Year. See you in 2021

02.01.2022 THREE EASY STEPS TO HOME LOAN PRE-APPROVAL Spring is just around the corner which traditionally means the property market will start to warm up. If you are considering making that next property purchase, it is recommended to get a home loan pre-approval first. It not only saves you time on your property search but also protects you from overspending at an auction. How long does pre-approval take?... Turn-around times for pre-approvals vary for each lender from the time of application submission. Verify with us the expected time frame for your preferred lender. Providing us with the correct documentation up-front will help achieve a speedy turnaround. Follow these three easy steps to get your home loan pre-approval. 1. Collect your documents Proof of identity Proof of income and savings Proof of living expenses and other expenditure Evidence of current assets and liabilities. 2. Talk with us to find out How much can you borrow How much you require for a deposit How much you can repay each month If you qualify for a government grant or concession. 3. Submit pre-approval application with a lender We fill out the forms and do all the work The lender provides confirmation in writing Pre-approval lasts for 3-6 months. If you’re ready to start your hunt for a new home or investment property, get in touch with us today to organise your home loan pre-approval early so you are ready to act fast when you find the right property.

02.01.2022 RBA FROZEN FOR FOURTH MONTH IN SUCCESSION The Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.10 per cent at its meeting today. The decision to hold the official cash rate was not a surprise as the RBA has been clear in their message that they won’t be changing rates any time soon. In the latest REA Insights Property Outlook report, 2021 is set to be a big year as the positive momentum for price growth continues. Property’s back and it ...will be a boom year in 2021, realestate.com.au chief economist Nerida Conisbee said. The combination of low interest rates, high savings rates, record levels of government stimulus and specific sectoral job loss buoyed the market, she added. The RBA affirmed that the cash rate would be maintained at 10 basis points for as long as necessary. They are well aware of the impacts of the low interest rates on financial and macroeconomic stability, however, they believed that there were greater benefits for financial stability from a stronger economy. If you have had your mortgage for a while, now’s the perfect time to make the most of low interest rates available at the moment, so let us help you out. Call us today!

01.01.2022 RBA REVEALS SEPTEMBER CASH RATE The Reserve Bank of Australia (RBA) has announced the official cash rate for September, amid higher unemployment, stage 4 lockdown in Victoria and a soon-to-be-reduced JobKeeper payment.... Despite some economic woes the central bank has acted as most economists previously predicted, holding the official cash rate at 0.25 per cent for the sixth straight month. Speaking before the announcement AMP’s chief economist Dr Shane Oliver predicted the RBA will hold rates until government benefits completely expire in March 2021. "For now the RBA will remain on hold. It views the March monetary easing package as continuing to help the economy and the main action now being in fiscal policy, Dr Oliver said. The chief economist pointed out the potential of future cash rate changes after the JobKeeper completely ends in March. There is a significant chance it may cut the cash rate to 0.1 per cent and it may do more aggressive quantitative easing but that would not be for several months. And it remains extraordinarily unlikely to cut the cash rate below zero, he said. Dr Oliver explained savers better get used to a reduced rate as the economic recovery from the COVID-19 pandemic will be years away. The next interest rate move of significance is likely to be a hike but with high unemployment and underemployment, lots of spare capacity in the economy and underlying inflation way below target this is at least three years away," Dr Oliver concluded. Baillieu chief investment officer Malcolm Wood agrees with Dr Oliver stating the central bank won’t move on rates until the economy is back on track. "RBA to leave rates at effectively zero until the economy approaches full employment and inflation sustainably in the 2-3 per cent range. This appears years away."