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NAB cuts rates: lowest in 40 years
- February 5, 2015
- 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
No CommentsNational Australia Bank has become the third major lender to pass on the Reserve Bank’s rate cut in full. NAB today announced it would cut its standard variable home loan rate by 25 basis points to 5.63 per cent per annum. The major bank said home loan customers will save an average $62.50 a month
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Westpac slashes rates beyond RBA rate cut
- February 4, 2015
- Posted by: admin
- Category: Enconomy, Finance News, House prices, Inflation, Interest rate, Investment Property, Self Managed Super Funds, Wealth
Two of the big four banks have now passed on the RBA rate cut in full. Westpac today announced it will reduce its standard variable mortgage rate by 0.28 per cent to 5.70 per cent per annum. The new rate takes effect on 20 February 2015. Customers on Westpac’s Premier Advantage Package who receive a minimum 0.70 per
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Feb rate cut unlikely
- February 1, 2013
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
A majority of Australian homeowners do not expect the Reserve Bank of Australia (RBA) to cut the official cash rate when the board meets next week. According to a survey conducted, 55 per cent of respondents believe the cash rate will remain at its current level of 3 per cent. Of the 452 respondents,
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Cash rate to hit 2.25pc
- January 30, 2013
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Interest rate, Wealth
National Australia Bank is predicting three rate cuts this year despite the fact that new research shows business confidence is on the rise. According to NAB’s latest monthly business survey, business confidence improved considerably in December after deteriorating to its weakest level since April 2009 in the previous month. Despite this, the bank’s chief economist
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Buying cheaper than renting: RP Data
- December 21, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
There are now 494 suburbs across Australia’s capital cities and regions where it’s cheaper to service a mortgage than pay a landlord, according to new research by RP Data. In the latest Buy Vs Rent Report, RP Data found Queensland boasts the greatest number of suburbs and towns – at 185 – where it’s cheaper
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RBA cuts rates
- December 4, 2012
- Posted by: admin
- Category: Australian Dollar, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has stripped 25 basis points from the official cash rate, taking it to the all time low of 3 per cent. The rate cut means the Reserve Bank has now slashed 125 basis points from the cash rate over the last 12 months. While the official rate now sits at
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Rate cut likely
- December 3, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
While many economists believe the Reserve Bank of Australia (RBA) will cut the official cash rate again when the Board meets tomorrow, it is not a guaranteed event. With new economic data showing weakening investment intentions and only modest signs that monetary policy is driving rebalancing of growth, a 25 basis point rate cut next
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Rates on hold
- August 7, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has taken a wait and see approach to rates, leaving the official cash rate on hold for the second consecutive month. Earlier today, the Board decided it was prudent to leave the cash rate on hold at 3.5 per cent for another month to see what effect the rate cuts made
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Fixed rate cycle tipped to turn
- July 25, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Interest rate, Wealth
Despite a spate of recent data indicating that the popularity of fixed rates is waning, now might be the right time for mortgage holders to fix their loan. Fixed rates are very low at the moment lower than they have been in years and as such, borrowers should think about fixing part or all of their home
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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
In 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