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Prepare financially before taking maternity leave
- February 27, 2015
- Posted by: admin
- Category: Budget, Credit Rating, Enconomy, Finance News, Financial goals, Wealth
No CommentsCase Study Samantha and Luke had been married for a few years and were both bringing in a comparable wage. They were equally contributing to their living expenses, including their mortgage and utilities. Luke paid the mortgage and Samantha paid the utilities, groceries and everyday living expenses (including a car loan). In March 2011 Samantha
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Would your bank return $81,000 of Overcharged interest to you?
- February 20, 2015
- Posted by: admin
- Category: Bank fees, Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
It is not uncommon in the world of finance to find out many years later that the home loan that was set up for you wasn’t actually followed through as intended with the lending institution. We have all heard of lenders over charging interest every now and then, some accumulating to a few thousand
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First major slashes rates to record low
- February 4, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Investment Property, Self Managed Super Funds, Wealth
One major bank has passed on the full rate cut by slashing its variable, three- and five-year fixed-rate home loans. Commonwealth Bank today announced it will reduce its standard variable rate (SVR) by 0.25 per cent per annum. Its three-year and five-year fixed-rate products will also be reduced by 0.25 per cent and 0.30 per
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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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Feb rate cut unlikely
- February 1, 2013
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
A majority of Australian homeowners do not expect the Reserve Bank of Australia (RBA) to cut the official cash rate when the board meets next week. According to a survey conducted, 55 per cent of respondents believe the cash rate will remain at its current level of 3 per cent. Of the 452 respondents,
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Cash rate to hit 2.25pc
- January 30, 2013
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Interest rate, Wealth
National Australia Bank is predicting three rate cuts this year despite the fact that new research shows business confidence is on the rise. According to NAB’s latest monthly business survey, business confidence improved considerably in December after deteriorating to its weakest level since April 2009 in the previous month. Despite this, the bank’s chief economist
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Future rate cuts likely: ANZ
- September 4, 2012
- Posted by: admin
- Category: Australian Dollar, Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
While it is unlikely that the Reserve Bank will cut interest rates when the Board meets later today, ANZ believe soft job data could encourage the RBA to relax the current monetary policy setting within the next few months. According to the latest ANZ Job Advertisement Series, the number of job advertisements on the internet and
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Rates on hold
- August 7, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has taken a wait and see approach to rates, leaving the official cash rate on hold for the second consecutive month. Earlier today, the Board decided it was prudent to leave the cash rate on hold at 3.5 per cent for another month to see what effect the rate cuts made
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ANZ delivers rate cut
- June 8, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
In a move that will likely surprise the market, ANZ has passed on the RBA’s full 25 basis point cash rate cut. The lender is the first of the majors to move, cutting interest rates by 25 basis points, from 7.05 down to 6.80 per cent, effective 15 June. The move will put other major lender NAB
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RBA cuts rates
- June 5, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has cut the official cash rate for the second consecutive month. The decision came as no surprise to many economists after last night’s share market fiasco. Australian shares hit a six month low at close of business yesterday, wiping approximately $23 billion from the share market. This teamed with the recent drop in