About Luke Harris

From a young age Luke has had an entrepreneurial mind and thought outside the box when building business and investing in property. At age 19 he started his first business — and by 20 he began his property investing career, buying houses, apartments, subdivisions and more. After “retiring” upon selling his business at age 30, Luke co-founded The Property Mentors, drawing on his vast investment experience and portfolio worth over $150 million to empower thousands of people on their own investment journeys.

RBA Rates Notice: 6 February 2018

The RBA has met again this month and unsurprisingly has left the official cash rate at 1.5% p.a. Recent data from the US have shown payroll numbers surprising to the upside. Combined with Trump’s corporate tax cuts, the expectation of higher inflation has resulted in increased yields on US bonds and a sell-off in [...]

By |2018-02-06T17:05:58+00:00February 6th, 2018|In the news|0 Comments

No News is Good News

The Reserve Bank Of Australia (RBA) has met again today and — once again! — has left official interest rates on hold at 1.5% p.a. As we have said for most of 2017, official rates are unlikely to move in a hurry, as the world suffers from sluggish inflation and high asset prices in a [...]

By |2018-01-31T19:06:15+00:00December 5th, 2017|In the news, Property Investment|0 Comments

June RBA Meeting

It should come as no surprise that the RBA has again decided at today’s board meeting to leave the cash rate unchanged at 1.5%. I feel a bit like a broken record, as for the last few months we have been saying that the economic environment we find ourselves in is more heavily weighted to the downside, not [...]

By |2018-01-31T19:18:09+00:00June 6th, 2017|Property Investment|Comments Off on June RBA Meeting

RBA Monetary Policy Decision: 4 April 2017

Unsurprisingly, the Board of the RBA has decided to leave the cash rate unchanged at 1.50%. As we have said since late last year, we don’t expect conditions in Australia, or globally, to push the RBA off the fence anytime soon. Unfortunately, in Australia, rising property prices in Sydney and Melbourne, fueled in large part [...]

By |2018-01-31T19:19:08+00:00April 4th, 2017|In the news, Property Investment|Comments Off on RBA Monetary Policy Decision: 4 April 2017

RBA Rates Announcement – and What This Means for Property in 2017

Well, it looks like for once we are in the majority. The RBA has held its first meeting for 2017. As we accurately forecasted — as well as 100% of the economists from the website finder.com.au’s RBA survey (32/32) and 85.94% of the 300 brokers surveyed by online mortgage platform HashChing — the RBA [...]

By |2018-01-31T19:27:07+00:00February 7th, 2017|Property Investment|Comments Off on RBA Rates Announcement – and What This Means for Property in 2017