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New home sales climb higher
- November 30, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
No CommentsNew home sales climbed off the mat in October, following a very weak period in mid-2012. A 3.4 per cent increase in new home sales in October is a modest result, but at least it is a move in the right direction. The HIA New Home Sales report, a survey of Australia’s largest volume builders,
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Home loan Interest rates to fall
- September 28, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The local interbank cash futures market is assigning a 65 per cent probability to a cash rate cut next Tuesday. And if not next week, then on Melbourne Cup day, and again in December, which would take the cash rate target to its GFC trough of 3% pa. The RBA wouldn’t be looking beyond one
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Rate cut expected after weak inflation
- April 26, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia is all but certain to cut rates in May, with new CPI data weaker than expected. CPI rose by 0.1 per cent in the March quarter of 2012. The Housing Industry Association said the CPI result was weak enough to warrant a 50 basis point rate cut at next week’s
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Inflation to increase home loan interest rate
- October 26, 2010
- Posted by: admin
- Category: Finance News
The RBA is widely expected to lift the official cash rate 25 basis points when it meets next Tuesday. The Australian economy is now back to growing at around trend, with business surveys suggesting it is operating at near capacity. I am unsure of how this statement can be accurate with most small business owners
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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