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Housing affordability shows signs of improvement
- November 28, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Wealth
No CommentsHousing affordability has shown further signs of improvement, giving the Reserve Bank less reason to cut the official cash rate next month. The latest HIA-CBA Housing Affordability Index increased by 5.3 per cent in the September 2012 quarter to be up by 15.0 per cent compared to the same quarter in 2011. This is the
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First home grant doubles, Qld
- September 11, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, House prices, Inflation, Wealth
Following the actions of New South Wales, Queensland will also double the grant for new first home buyers, to $15,000. The state budget changes, outlining that the grant would be pushed up from $7,000 in addition to the transfer duty concession already in place, will apply for buyers looking to purchase a newly built property
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0.75% Interest Rate Reduction by September 2012
- November 17, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
With recent renewed turmoil in Europe, fixed rates have pushed down to a whisker below the levels of August 8. Markets are now predicting that the Reserve Bank’s cash rate will be lowered to around 3% from its current 4.5%. That 3% was the low point in the last rate cut cycle, during the Global