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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
No CommentsRBA 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
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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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Banks, Mining Towns and Rental Yields
- December 3, 2013
- Posted by: admin
- Category: Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Rental Growth, Wealth
We’ve all read those adverts in the industry magazines and publications. You know … the ones touting super high rental yields on average houses or townhouses in a far flung mining town. So it was a kick in the teeth for those developers and marketers recently when CBA, Australia’s biggest housing lender, announced that when
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Houses outperform units in capitals
- December 2, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
Detached houses have now overtaken units as the best performers across the capital city property markets, according to new data. RP Data’s Property Pulse reveals that across Australia’s combined capital cities over the 12 months to October, houses grew in value by 8.2 per cent as opposed to units, which grew in value by 5.9
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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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Rates on hold…for now
- March 5, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia failed to surprise industry pundits today, with the board opting to leave the official cash rate on hold. This is the second consecutive board meeting that the RBA has decided to leave rates on hold at 3 per cent. Home owners would certainly welcome lower repayments but the RBA has
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The Right Time
- March 1, 2013
- Posted by: admin
- Category: Finance News, Financial goals
[custom_frame_left shadow=”on”][/custom_frame_left] Predicting the perfect time to buy is difficult, even for the experts, yet many investors get caught in the fear of buying at the ‘wrong time’. The truth is that when to buy is not nearly as important as actually buying a property, particularly if you are planning to hold onto it long
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Buyers Make a Comeback
- March 1, 2013
- Posted by: admin
- Category: Finance News
[custom_frame_left shadow=”on”][/custom_frame_left] While many buyers kept out of the property market in 2012, there are signs of a comeback. 2012 saw many buyers adopt a ‘wait and see’ attitude, but they are once again becoming active as the market starts to stabilize and interest rate reductions lower the cost of ownership. Four cash rate cuts