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RESERVE BANK MAKES CASH RATE ANNOUNCEMENT
- September 2, 2014
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Interest rate, Investment Property, Rental Property, Self Managed Super Funds, Wealth
No CommentsSpring has arrived and at its first meeting for the new season, the Reserve Bank of Australia has announced that it will keep the official cash rate on hold at 2.5 per cent for yet another month. The decision was widely expected by analysts and all indications are that the RBA will continue with its
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CBA cuts fixed rates by 50 points
- August 20, 2014
- Posted by: admin
- Category: Budget, Buying at Auction, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Interest rate, Investment Property, Self Managed Super Funds, Wealth
Commonwealth Bank has continued cutting its fixed rates by announcing cuts of up to 50 basis points. The major has reduced its three-year rate from 5.09 to 4.94 per cent. It has also cut its four-year rate from 5.59 to 5.09 per cent. These reductions apply to Commonwealth Bank’s Mortgage Advantage Package products and are effective
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Eight and counting: more banks cut fixed rates
- July 30, 2014
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Wealth
Four more lenders have cut their fixed rates – joining the four previous lenders that announced fixed-rate reductions in the past week. Commonwealth Bank made the first move when it reduced its five-year rate to 4.99 per cent. This was then matched almost immediately by Westpac NAB and Suncorp, before Homeloans cut its two-year and three-year rates.
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Dramatic Interest rate cuts
- July 25, 2014
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
Big bank rate cuts have given home owners and investor much needed confidence. Commonwealth Bank lowered its five year fixed interest rate to 4.99 per cent earlier this week, with NAB and Westpac then matching the interest rate. Borrowers should take advantage of the opportunity to have a full mortgage review. Now is a perfect time to discuss other things
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Borrowers should be paying less for their home loans
- July 23, 2014
- Posted by: admin
- Category: Bank Profits, Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
Here’s a round-up of interesting statistics you might want to know about: Australians are worried about not having enough money for retirement: Over half the participants of the 2014 MLC Retirement Survey expect not to have enough money to retire on. One in three people expect a sizeable financial shortfall at retirement and only 3.5
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Home Loan Interest Rate Rise
- July 14, 2014
- Posted by: admin
- Category: Budget, Enconomy, Finance News, House prices, Inflation, Interest rate, Wealth
Not surprisingly, market pricing around the Reserve Bank’s potential action has changed markedly. In late April, before the Budget was released and before the market became aware of the lost momentum in the data, market pricing pointed to a 75% probability of a rate hike by mid 2015 and a near 100% probability of two
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House prices to continue rising in all capital cities
- June 23, 2014
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, House prices, Inflation, Interest rate, Self Managed Super Funds, Wealth
Brisbane and Sydney will be the clear leaders in house price growth over the next three years, a new report has revealed. Construction analyst BIS Shrapnel forecast that median house prices will increase in all capital cities by 2017, with Brisbane and Sydney recording double-digit percentage gains. Brisbane’s median house prices are expected to climb
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RBA unlikely to raise interest rates any time soon
- April 16, 2014
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
RBA Board members agreed to leave the cash rate unchanged at the monthly meeting on April 1, despite a strong housing market, according to the minutes, which were published yesterday. At recent meetings, the board had judged that it was prudent to leave the cash rate unchanged and members noted that the cash rate could remain
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No cause for alarm yet – property prices
- April 8, 2014
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
Low interest rates, a lower dollar and rising populations were supercharging property demand, causing prices to surge past sustainable levels in some places, according to some analysts; but there is still a mixed reaction about potential problems. CommSec says higher prices means wealth levels are rising. The RBA urges caution – “rates will rise” –
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RBA cash rate announcement
- April 1, 2014
- Posted by: admin
- Category: Budget, Enconomy, Finance News, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has announced the outcome of its monthly board meeting. The central bank left the official cash rate on hold at 2.5 per cent as most experts had predicted. However, it may not be long before interest rates start to rise. Five economists from Commonwealth Bank, Commsec, HSBC, ING Direct and