RBA held rates on hold. No matter how much hope consumers may have (or be told by others), the rates don't appear to be returning to the era of free money any time soon! Time to consider this as a return to the normal interest rate cycle, and to judge each investment rationally and with this in mind.
Cashel Family Office
Financial Services
Melbourne, Victoria 453 followers
Cashel Family Office is Australia's leading multi-family office and wealth manager.
About us
Cashel Family Office is redefining what it means to be a member of a family office. Created for our founding family, today we manage the wealth affairs of over 500 busy business owners, entrepreneurs and executives, each seeking to understand and maximise their financial opportunities, so that they can enjoy the lifestyle it brings, not the burden of its administration. Cashel Family Office assists our clients to plan, protect, borrow, invest and administer their family's financial affairs. Working alongside their existing tax adviser and lawyer, we seek to be the one trusted point of contact and project manager of all the mundane as well as exciting affairs that support our member families' financial future. We are committed to growing with our client's families throughout each of their life stages. As a privately-owned firm, we seek to partner with leading international institutions, delivering access and cost savings to our clients, who would not have access directly. Cashel possesses the technological capability and expertise to seamlessly manage your entire financial ecosystem, so clients have more time to spend on the things that really matter. Like wine, community issues and family travel. Visit our website to find out more about how we work or book a coffee: https://cashelfo.com/
- Website
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http://www.cashelfo.com
External link for Cashel Family Office
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Melbourne, Victoria
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Investment Banking, Corporate and Asset Finance, Corporate Finance, Private Wealth Services, Financial Planning, Superannuation, Risk & General Insurance, Tax Planning, Family Office, Audit and Accounting Support, Investment Management, Debt Advisory , and Estate Planning
Locations
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Primary
Get directions
Level 14, 1 Collins Street
Melbourne, Victoria 3000, AU
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Get directions
2 Chifley Sq
Sydney, New South Wales 2000, AU
Employees at Cashel Family Office
Updates
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Has Christmas come early? With the RBA deciding not to raise rates this month, some may be thinking this was an early present. While inflation has slowed, there is still water to go under the bridge before we can say we have peaked. Equally, we don't see any cuts in the distant future (as many consumers and governments hope). We expect the RBA's rates to remain around the 4.35% rate for the medium term, the new normal perhaps or simply a return to historical averages.
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Have they overshot? The RBA left their cash rate at 4.10% for the month. Their reluctance to keep lifting rates may indicate they see worse performance for Australia than is being promoted by other sources. We lower our guidance to 2 more rate rises over the next few months. We now expect the peak cash target rate to rise to 4.60% (Less than our previous expectations of 4.85%).
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A bumpy path ahead? The RBA Cash Rate is now expected to increase to between 4.35% and 4.85%. This will see home loan rates trading between 6.83% (for new borrowers) and 8.33% (for older borrowers). With 3-year fixed rates at 5.24%, it's time to review your options. #homeloans #refinance Wayne Brown Angus Mason Chris Smith