Reserve Bank of Australia (RBA)

For the fourth-straight month, the Reserve Bank of Australia left the cash rate on hold at 4.1 per cent at its meeting on Tuesday.

It was the outcome just about every economist and keen observer had expected after Michele Bullock's first meeting as governor, but her post-meeting statement was careful not to rule out a future rate hike.

Here's the current state of interest rates and inflation in Australia, and why a pause in October doesn't guarantee rate cuts are on the horizon.

Source - ABC News

Sydney Real Estate Property News

Rental market challenges in NSW

Mr Ryan said competition for rental properties remained strong with substantially more potential renters competing for each rental listing than before the pandemic in NSW.

The number of actively searching renters and applications per rental listing remained high in the state, according to PropTrack. 
In Sydney, rental vacancy rates were 1.65% - less than half the level seen before the pandemic. These extreme market conditions continued to put pressure on advertised rents, which had increased 14.5% over the past year in Sydney. 

Source - realestate.com.au