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RBA data still points to May home loan rate hike
- March 15, 2010
- Posted by: admin
- Category: Finance News
No CommentsThis week’s data releases have painted an interesting picture for the near term outlook for monetary policy. We still expect the RBA to raise the cash rate by 25bp’s in May but there are historical precedents to show that the Bank may be a little unnerved by the current contraction in new housing finance. On
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Government buys $3.4b RMBS
- January 29, 2010
- Posted by: admin
- Category: Finance News
The federal government announced yesterday that it would provide five home lenders with a pipeline of funding to support the issuance of securities until December 2010. According to a report in The Australian Financial Review, the government has directed the Australian Office of Financial Management (AOFM) to purchase $3.4 billion of mortgage-backed securities. Liberty Financial,
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Australian Economy GDP should bounce back above 3% in 2010
- January 7, 2010
- Posted by: admin
- Category: Finance News
GDP running at weak 0.5%pa in QIII 2009. Australia’s favourable outcomes flowed from good management and good luck. Real GDP rose by 0.2% in QIII 2009, putting annual growth at 0.5%. Growth is weak. But Australia has outperformed the very gloomy expectations of earlier in the year. Australia’s favourable growth and employment outcomes are, in
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Residential Construction Outlook Low rates and stimulus to boost construction
- January 6, 2010
- Posted by: admin
- Category: Finance News
Residential construction turns on low mortgage rates, high demand and First Home Owners Boost. Public and private sector residential commencements expected to rise strongly over next two years. Population growth of 2.1%, or 443k, in the year to June 2009 continues to lift housing demand. Residential construction set to rise over the next few years.
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