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NAB cuts rates: lowest in 40 years
- February 5, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
No CommentsNational Australia Bank has become the third major lender to pass on the Reserve Bank’s rate cut in full. NAB today announced it would cut its standard variable home loan rate by 25 basis points to 5.63 per cent per annum. The major bank said home loan customers will save an average $62.50 a month
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RBA rate announcement
- February 3, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, House prices, Inflation, Interest rate, Investment Property, Wealth
The Reserve Bank of Australia has announced the result of its monthly board meeting. The official cash rate has been reduced to a new record-low of 2.25 per cent after being left on hold at 2.5 per cent since August 2013. The Reserve Bank’s decision has come as a surprise: a finder.com.au survey of 30
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RBA cash rate announcement
- April 1, 2014
- Posted by: admin
- Category: Budget, Enconomy, Finance News, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has announced the outcome of its monthly board meeting. The central bank left the official cash rate on hold at 2.5 per cent as most experts had predicted. However, it may not be long before interest rates start to rise. Five economists from Commonwealth Bank, Commsec, HSBC, ING Direct and
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RBA rate announcement
- December 3, 2013
- Posted by: admin
- Category: Enconomy, Finance News, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia (RBA) has announced the outcome of their last board meeting of the year. With a steady economy and coming into the holiday season, the RBA has decided to keep the cash rate on hold at 2.5 per cent. Economists were largely unsurprised at the announcement, despite a mixed outlook for
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One more rate cut before year's end
- May 24, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
National Australia Bank believes the Reserve Bank of Australia will cut the cash rate at least once more before the end of the year. Speaking at the NAB Budget Breakfast in Sydney yesterday, National Australia Bank’s chief economist, markets Rob Henderson said the reasons the Reserve Bank cut the official cash rate earlier this month
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Rates on hold…for now
- March 5, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia failed to surprise industry pundits today, with the board opting to leave the official cash rate on hold. This is the second consecutive board meeting that the RBA has decided to leave rates on hold at 3 per cent. Home owners would certainly welcome lower repayments but the RBA has
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RBA TIPPED TO HOLD RATES
- March 5, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
A majority of industry participants feel the Reserve Bank of Australia (RBA) will hedge its bets when the board meets later today and leave the official cash rate on hold. In a recent survey, 76.6 per cent of respondents said they did not expect to see a rate cut in March, while 23.4 per cent of
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Buyers Make a Comeback
- March 1, 2013
- Posted by: admin
- Category: Finance News
[custom_frame_left shadow=”on”][/custom_frame_left] While many buyers kept out of the property market in 2012, there are signs of a comeback. 2012 saw many buyers adopt a ‘wait and see’ attitude, but they are once again becoming active as the market starts to stabilize and interest rate reductions lower the cost of ownership. Four cash rate cuts
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Home values on the up
- February 4, 2013
- Posted by: admin
- Category: Finance News
Home values are now firmly on the road to recovery, with new data showing dwelling values were up 1.2 per cent over the month of January. According to RP Data’s latest Home Value Index, Australia’s combined capital cities recorded a 1.2 per cent improvement last month, negating officially the 1.2 per cent drop in values
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RBA on hold next week – still expect a March cut
- February 4, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank Board meets next week on February 5. I expect the Board will decide to hold rates steady at this meeting. I certainly do not believe that the rate cut cycle has ended and, to date, expect there will be a rate cut of 25 bp’s at the March meeting on March 5. Between