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Home Loan Rates hammer buyer demand
- May 10, 2010
- Posted by: admin
- Category: Finance News
No CommentsRising home loan interest rates are finally starting to bite into buyer demand, with auction clearance rates dropping in Sydney and Melbourne last week. Sydney’s clearance rate dropped from 69.4 per cent last weekend to 66.3 per cent this weekend as home buyers took into account the RBA’s latest rate hike. A four bedroom unit
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Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
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Inflation rise could force RBA's hand
- April 29, 2010
- Posted by: admin
- Category: Finance News
Inflation is not slowing as quickly as first anticipated, which could force the RBA to lift Home Loan interest rates again when it meets next week. According to the Australian Bureau of Statistics, underlying inflation, though easing in the first three months of the year, still remains above the RBA’s target band of 2 to
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Gen Ys give up on home ownership dream
- April 21, 2010
- Posted by: admin
- Category: Finance News
More than one third of first home buyers believe rising home loan interest rates have locked them out of the market. According to the latest Bankwest/MFAA Home Finance Index, a “two-speed” property market is emerging, with more young Australians expecting to be life-long renters. More than half of Gen Ys say they are shelving their
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Home Loan Interest rates to rise above ‘neutral’ setting
- April 14, 2010
- Posted by: admin
- Category: Finance News
Despite a slight drop in business confidence in March, economists remain bullish about the future of home loan interest rates. According to NAB’s latest monthly business survey and economic outlook, the RBA is expected to raise the official cash rate in May, August, September and December – taking it to 5.25 per cent by year’s
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ANZ Explains home loan interest rate rise
- April 7, 2010
- Posted by: admin
- Category: Finance News
Yesterday’s decision by the RBA to lift the cash rate for the second consecutive month by 25bp to 4.25% is another step in the policy normalisation process. Moreover, the statement accompanying the change in policy suggests there has been no significant change in the Bank’s thinking around the need to return policy to a more
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ANZ predict 25bp home loan interest rate rise
- March 31, 2010
- Posted by: admin
- Category: Finance News
We expect the RBA to raise the cash rate 25bp to 4.25% following next week’s Board meeting. Given the RBA’s increasing focus on the housing market, today’s data will provide further impetus for tightening sooner and stronger than was anticipated just a few months ago. Today’s data indicate short-term volatility but persistent growth for the
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Real estate group records 20pc growth
- March 19, 2010
- Posted by: admin
- Category: Finance News
Despite four home loan interest rate rises in five Reserve Bank board meetings, the property market continues to post strong results, with Ray White recording a 20 per cent boost in sales during February. The real estate group achieved total commercial and residential sales of $2.310 billion – up from $1.934 billion recorded in the
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Australia ranked 4th in property price growth
- March 8, 2010
- Posted by: admin
- Category: Finance News
Australia has narrowly missed out on the winners’ podium, ranking fourth in a list of the world’s top performing property growth centers. According to the Global Property Guide’s latest survey, Australia achieved average annual price growth of 11.2 per cent in 2009. Australia’s December quarter growth was 4.63 per cent, which more than recovered its
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The Reserve Bank has signalled more home loan interest rate rises are on the way after it yesterday lifted the cash rate to 4 per cent…
- March 3, 2010
- Posted by: admin
- Category: Finance News
The RBA raised interest rates by 0.25 percentage points in a move widely expected by economists, and most predict rates will rise about one percentage point over the remainder of 2010. The big banks wasted no time following the RBA’s lead. The Commonwealth Bank announced within 90 minutes of the RBA’s decision that it would