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ANZ delivers rate cut
- June 8, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
No CommentsIn a move that will likely surprise the market, ANZ has passed on the RBA’s full 25 basis point cash rate cut. The lender is the first of the majors to move, cutting interest rates by 25 basis points, from 7.05 down to 6.80 per cent, effective 15 June. The move will put other major lender NAB
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Residential vs Commercial
- May 17, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Wealth
Are your investment goals and finances better suited to residential or commercial property investment? To answer this commonly asked question it’s important to first understand the differences between the two… Length of leases Commercial properties attract longer lease periods – typically three years or more rather than the 6-12 months of residential properties. Maintenance costs
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Affordable Property Investment
- May 16, 2012
- Posted by: admin
- Category: Budget, Financial goals, House prices, Wealth
A large bank balance is not a prerequisite for affording an investment property. There are many options available to help you get a foot in the door including using home equity, tax incentives and tailored investment loans. Equity If you already own a property, you can use its equity (‘unrealised value’) to fund your next
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Buyers Wish List
- May 11, 2012
- Posted by: admin
- Category: Financial goals, House prices, Inflation, Wealth
Multiple bathrooms are rated as number one on a wish list of features that buyers look for in a new home. The results of a national pool of 114 real estate agents have uncovered some surprising research about what buyers want. The survey, commissioned by Turf Australia, found that 42 per cent seek more than
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RBA cuts interest rates 50bp
- May 1, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia (RBA) has cut the official cash rate in its May Board meeting today, following weaker than expected inflation data. The Board thought it was prudent to cut the official cash rate 50 basis points to 3.75 per cent, after headline inflation turned out to be significantly lower than the RBA’s
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Rate cut expected after weak inflation
- April 26, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia is all but certain to cut rates in May, with new CPI data weaker than expected. CPI rose by 0.1 per cent in the March quarter of 2012. The Housing Industry Association said the CPI result was weak enough to warrant a 50 basis point rate cut at next week’s
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Property taxes send $30bn to government
- April 20, 2012
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Government banking reform, House prices, Wealth
More than $33 billion was added to local and state government coffers over the last year from property related taxes, despite a deterioration in property market conditions. New research from RP Data, property related taxes amassed a healthy 47.3 per cent in tax revenue for state and local governments. Total property-related tax revenue increased by 4.6
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2011 housing down by almost 10pc
- April 19, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Government banking reform, House prices, Inflation, Interest rate
ABS figures released today confirm a very weak quarter for new housing in December 2011. New residential building work fell by 1.7 per cent in the December 2011 quarter to be down by 7.7 per cent when compared to the year before. Meanwhile, the value of major alterations and additions work done, which accounts for around
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Australians want to buy now
- April 18, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
More than 40 per cent of Australians believe 2012 is the best time to purchase a residential property. According to QBE LMI’s latest mortgage report more than 60 per cent of Australians intend to buy property in the next three to five years. These survey results prove there is still a good appetite for residential property. Despite
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May rate cut on the cards
- April 10, 2012
- Posted by: admin
- Category: Australian Dollar, Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
Pressure is mounting on the Reserve Bank of Australia (RBA) to cut the cash rate in May after unexpected hurdles slow the nation’s growth. The increasing cost of living may spark the RBA to drop rates, with average petrol prices over the long-weekend over $1.50 according to the Australian Institute of Petroleum. The latest RP