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RBA rate announcement
- February 3, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, House prices, Inflation, Interest rate, Investment Property, Wealth
No CommentsThe Reserve Bank of Australia has announced the result of its monthly board meeting. The official cash rate has been reduced to a new record-low of 2.25 per cent after being left on hold at 2.5 per cent since August 2013. The Reserve Bank’s decision has come as a surprise: a finder.com.au survey of 30
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RBA interest rate announcement
- February 4, 2014
- Posted by: admin
- Category: Enconomy, Finance News, Inflation, Interest rate, Wealth
The RBA has today opted to keep the official cash rate on hold at 2.5 per cent. This decision was widely anticipated. The inflation reading for December was unexpectedly high and the lower Aussie dollar is now coming into play. Housing prices are also still rising – evident by another good January and that will
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One more rate cut before year's end
- May 24, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
National Australia Bank believes the Reserve Bank of Australia will cut the cash rate at least once more before the end of the year. Speaking at the NAB Budget Breakfast in Sydney yesterday, National Australia Bank’s chief economist, markets Rob Henderson said the reasons the Reserve Bank cut the official cash rate earlier this month
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Retail to improve in 2013
- January 11, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Wealth
The retail property market is expected to strengthen throughout 2013, according to Colliers International. The retail market had traditionally outperformed all other commercial property sectors over the past two decades, but 2012 had been a defining year, with the sector undergoing significant structural change. We have seen weaker retail sales driven by a shift in
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Rate cut peaks buyer interest
- October 16, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
A series of rate drops in 2012 has encouraged potential buyers to jump on to the property ladder, new research has revealed. According to a new poll by PRDnationwide, nearly 30 per cent of the 300 respondents are looking to buy thanks to the successive interest rate drops. A further 36 per cent were not
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First home grant doubles, Qld
- September 11, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, House prices, Inflation, Wealth
Following the actions of New South Wales, Queensland will also double the grant for new first home buyers, to $15,000. The state budget changes, outlining that the grant would be pushed up from $7,000 in addition to the transfer duty concession already in place, will apply for buyers looking to purchase a newly built property
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Rates on hold again
- September 4, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, House prices, Interest rate, Wealth
At its Board meeting earlier today, the Reserve Bank of Australia decided to keep the official cash rate on hold for the third consecutive month. Speaking about the Board’s decision, RBA governor Glenn Stevens said it was prudent to keep the cash rate on hold at 3.5 per cent. A spate of positive housing data
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RBA cuts rates
- June 5, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has cut the official cash rate for the second consecutive month. The decision came as no surprise to many economists after last night’s share market fiasco. Australian shares hit a six month low at close of business yesterday, wiping approximately $23 billion from the share market. This teamed with the recent drop in
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Interest rate cut looming
- June 4, 2012
- Posted by: admin
- Category: Bank Profits, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
With the latest data from the Australian Bureau of Statistics showing the Australian economy is not performing strongly, there is a good possibility that the Reserve Bank will choose to cut the official cash rate again at tomorrow’s board meeting. The latest figures from the Australian Bureau of Statistics showed that retail spending dropped by
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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