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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
No CommentsThere 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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Majors hold fire on interest rate cut
- May 2, 2012
- Posted by: admin
- Category: Bank Profits, Enconomy, Financial goals, Home loan product, Inflation, Interest rate, Wealth
Australia’s major banks are unlikely to pass on the full 50 basis point rate cut to borrowers. Yesterday, the Reserve Bank cut the cash rate by 50 basis points to 3.75 per cent the biggest drop since the peak of the Global Financial Crisis and the lowest level since December 2009. Within hours of yesterday’s announcement The
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Banks likely to withhold rate cut
- February 1, 2012
- Posted by: admin
- Category: Bank Profits, Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
While industry stakeholders remain at odds over whether or not the Reserve Bank of Australia will drop the cash rate when the Board meets next week, it is becoming increasingly unlikely that Australia’s banks will pass on any rate cut in full. The banks have gone to great lengths to forewarn borrowers and brokers that
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Interest rate hike likely mid 2011
- November 8, 2010
- Posted by: admin
- Category: Australian Dollar, Inflation, Interest rate
For the second consecutive month, the RBA has surprised the market and myself with its policy decision, raising the cash rate 25bps to 4.75%. I fundamentally believed that rates should be on hold until at least February due to the fragility of the consumer; housing and (non mining) business confidence. My concern is that while
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More banks drop fixed rates
- August 27, 2010
- Posted by: admin
- Category: Finance News
The fixed rate market seems to be gaining some ground from their previously expensive tag. As the short term fixed rate competition starts to hot up this is good news for borrowers are previously the rates were almost laughable. The big banks and lenders all want a piece of it ANZ, NAB, Suncorp, Aussie, ING
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RBA on hold – inflation now in focus
- May 31, 2010
- Posted by: admin
- Category: Finance News
Information contained in this report was current as at 28 May 2010 The Reserve Bank Board meets next week on June 1. Following the last rate hike announcement on May 4 we argued that there was little chance of another rate move until the August Board meeting following the release of the une quarter CPI.
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ANZ cuts home loan rates
- May 27, 2010
- Posted by: admin
- Category: Finance News
ANZ has trimmed some of the fat on its fixed term mortgage rates, positioning itself as a true competitor in fixed lending. Yesterday, the major announced it would slash six basis points from its three year fixed rate, 19 basis points from its four year fixed loan and nine basis points from its five year
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CBA predict home loan rates to hold until may
- April 1, 2010
- Posted by: admin
- Category: Finance News
CBA expect the RBA to lift the home loan cash rate to 4.25% in May as part of the gradual shift to more normal settings. Today’s February RBA Credit data continued the favourable pattern of the past seven months. Thankfully, it did not replicate the weakness apparent in today’s other releases on building approvals and
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Westpac Predict Home loan rates to hold for now
- April 1, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank Board next meets on April 6. Markets are currently pricing a probability of around 60% that the Board will decide to lift rates by a further 25 bp’s. While we have consistently argued that all Board meetings over the course of 2010 are likely to be ‘live’, we do not expect to
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AMP Bank Ltd to lower interest rates on its entry level home loan products after hiking mortgage rates earlier this month…
- March 22, 2010
- Posted by: admin
- Category: Finance News
AMP Bank dropped the interest rate on its basic variable home loan by 22 basis points to 6.27 per cent, and cut the rate on its introductory variable mortgage by 45 basis points to 5.94 per cent. The introductory variable home loan rate applies for only one year and will revert to AMP’s professional pack
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