FEAR & GREED | Business News RBA set to cut rates; PM attends Papal inauguration; breakthrough in Alzheimer’s treatment
9 snips
May 18, 2025 The Reserve Bank is poised for an interest rate cut, sending ripples through the mortgage market. Prime Minister Albanese attends a historical papal inauguration, discussing trade nuances with Europe. There's exciting news on a breakthrough Alzheimer’s treatment that could change lives. Plus, an incredible discovery of a Magna Carta manuscript reveals the roots of modern freedoms. Superannuation funds are navigating financial uncertainties effectively, and charity bike rides highlight the community's spirit towards rural support.
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RBA Rate Cut Impact
- The Reserve Bank is expected to cut interest rates due to softened local economy and easing inflation trends.
- Rate cuts typically lead to rising house prices, potentially increasing home values by 10-15% over two years.
Mortgage Rate Negotiation Tips
- Mortgage holders should negotiate with lenders to secure better rates, potentially into the high fives.
- Be aware that rate cuts will likely reduce deposit interest rates, affecting savers.
Sean's Charity Bike Ride
- Sean Aylmer completed a 393 km Ride for Country Kids over three days, an enriching experience with a team of eight.
- The event raised nearly $35,000 for Royal Far West, supporting rural Australian children.
