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Great news for home buyers - housing affordability is the best it’s been since 1999, according to new data released by the nation’s peak housing and building body.

Whenever the Reserve Bank of Australia (RBA) changes the official cash rate we all hear about how it will impact home loans. But it affects many other areas of finance and the economy, which we’ll look into today.

The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 1%. Yep, that's right, back-to-back rate cuts within just one month.

Backyard cricket pitch not getting much of a workout these days? Sick of your weekends being taken up with mowing and gardening? Installing a granny flat could be a lucrative solution - boosting the value of your home by 30% and adding around 27% to rental income.