-
RBA cuts rates
- December 6, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
No CommentsThe RBA has cut the official cash rate for the second consecutive month, taking the new rate to just 4.25 per cent. The Reserve Bank shocked the industry last month, when it cut the cash rate from 4.75 per cent to 4.5 per cent. However, the Board’s decision to cut rates for the second month
-
0.75% Interest Rate Reduction by September 2012
- November 17, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
With recent renewed turmoil in Europe, fixed rates have pushed down to a whisker below the levels of August 8. Markets are now predicting that the Reserve Bank’s cash rate will be lowered to around 3% from its current 4.5%. That 3% was the low point in the last rate cut cycle, during the Global
-
Property Investors waiting
- November 16, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
One rate cut by the Reserve Bank of Australia is not enough to drag potential home buyers back to the market. The Commonwealth Bank/Mortgage & Finance Association of Australia Home Finance Index for September found the ratio of respondents planning to buy property in the next 12 months had fallen to 16.9 per cent, down
-
Further Interest Rate Cuts?
- November 15, 2011
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
My concern is the European sovereign debt crisis and its potential knockon effects on the global economy and locally (via its potential deleterious impact on the Asian economies and on diminished local business and household confidence etc). I don’t think another 0.25% cut in the coming months, probably by February 2012 would be too radical a move.
-
More Interest Rate Cuts
- November 7, 2011
- Posted by: admin
- Category: Australian Dollar, Budget, Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
I believe that we can expect a further 50 to 75bps of rate cuts I have found the RBA comments quite encouraging. In recognising that the non-mining sector of the economy will remain below trend and forecasting that inflation will be contained there appears to be ample scope for further rate cuts should that non-mining sector continue
-
Majors pass on 0.25%pa interest rate cut
- November 2, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
Moments after the Reserve Bank announced it would cut 25 basis points from the official cash rate, two of Australia’s majors jumped into action – passing the full rate cut on to their borrowers. Westpac was the first of the majors to move, officially cutting its standard variable home loan rate by 25 basis points
-
RBA should reduce interest rates now
- October 4, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
I expect the Reserve Bank to lower interest rates over the year ahead. On timing, the December meeting is likely to see the start of the easing cycle. The RBA discussed raising interest rates at their August meeting. Much has happened since then. Global events are moving quickly. The European crisis has resulted in “extreme volatility in
-
Westpac Predict 1% Interest rate cut by end of 2012
- September 22, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
Meanwhile a sharp deterioration in unemployment expectations lends more weight to the view that consumer demand is entering a cyclical weakening. Indeed, the worsening picture on job security eff ectively negates the good news from improved sentiment. Not only does it suggest actual labour market conditions are deteriorating, it also points to a material downturn
-
Home sales plummet
- August 2, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
New home sales suffered their heaviest monthly decline in five years in June 2011, giving further weight to a rate hold in August. According to the latest HIA Report, the number of new homes sold in June 2011 dropped by 8.7 per cent, the sharpest monthly decline since May 2006. New home demand hit a wall
-
New home sales still slow
- March 30, 2011
- Posted by: admin
- Category: Enconomy, Financial goals, Government banking reform, House prices, Inflation, Interest rate, Wealth
New home sales in February 2011 failed to materially improve on an encouraging start to the year seen in the thin trading month of January. The risk was for a weaker result than what we saw for January. Nevertheless, new home sales are running at volumes considerably below those experienced during the stimulus-driven run of