06.10.2009
Interest rates Rise
MEDIA RELEASE
No: 2009-23
Date: 6 October 2009
Embargo: For Immediate Release
STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.25 per cent, effective 7 October 2009.
The gl......
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01.10.2009
AUSTRALIA'S housing affordability
The RBA’s Tony Richards issued a warning that AUSTRALIA'S housing market is about to take off and rising prices and interest rates could hit affordability hard at the Committee for Economic Development of Australia’s housing forum today. Mr Richards said that the nation was still not building eno......
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30.09.2009
Home prices continue to rise
CommSec Economics yesterday reported that Australian home prices soared to record highs in August, underpinned by low interest rates, grants to first home owners and growing confidence about the job market.
This came after the ......
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24.09.2009
Population to now hit 35 millian by 2049
AUSTRALIA'S population will hit 35 million in 40 years - seven million more than had been expected - as a rising birthrate and rapid migration almost double the rate of population growth.
The larger population will be younger, on average, than was expected when Treasury la......
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24.09.2009
Housing prices set to soar
AUSTRALIA could be heading for another rampant house-price boom, fuelled by cashed-up superannuation investors exploiting generous government concessions.
While the Treasury is trying to dampen demand by winding back the First Home Owner Grant at the end of ......
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05.05.2009
Interest rates on hold
STATEMENT BY GLENN STEVENS, GOVERNOR
MONETARY POLICY
At its meeting today the Board decided to leave the cash rate unchanged at 3.0 per cent.
The global economy contracted further during the first few months of this year. While the near-term outlook remains weak, there are ......
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04.11.2008
Interest rates cut by 0.75%
RESERVE BANK PRESS RELEASE No: 2008-25
At its meeting today, the Board decided to reduce the cash rate by 75 basis points to 5.25 per cent, effective 5 November 2008.
World financial markets have remained turbulent over the past month. Global equity prices have been volatile and f......
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02.11.2008
House prices to revive in 2009
Brokers can expect a brighter year ahead with residential property prices tipped to rise over 2009 after suffering minor setbacks in 2008.
According to BIS Shrapnel better domestic credit availability and the shortage of housing stock will see Australia avoid any sustained price declines......
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29.10.2008
Why there is unlikely to be a large across-the-board fall in Australian house prices as there has been in the United States
A number of analysts have for some time been predicting that Australian house prices will drop substantially. For example Associate Professor Steve Keen of the University of Western Sydney suggests that house prices in Australia could drop by ‘as much as 40%’ (1). Morgan Stanley’s Gerard Minack h......
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09.09.2008
RBA cuts official cash rate to 7pct, as expected
The Reserve Bank of Australia has cut official interest rates for the first time in almost seven years.
The central bank today said it would lower the cash rate by 25 basis points to seven per cent, from 7.25 per cent, following its monthly board meeting.
The cut was widely expect......
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12.08.2008
25bp rate cut a start but more needed to spark market revival
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could follow.
In the RBA’s quarterly Statement on Monetary Policy, released this week, the central bank once again signalled that rate cuts are likely to come sooner rat......
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05.08.2008
Home loan interest rates remain unchanged
Statement by Glenn Stevens, Governor Monetary Policy
At its meeting today, the Board decided to leave the cash rate unchanged at 7.25 per cent.
Inflation in Australia has been high over the past year in an environment of limited spare capacity and earlier str......
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31.07.2008
Brokers eclipse banks in customer satisfaction survey
Brokers have far outstripped the banks in a recent customer satisfaction survey, with respondents citing their flexibility and knowledge as key attributes.
The latest MFAA and BankWest survey found brokers had a customer satisfaction rating of 7.5 out of 10, compared to 6.9 for banks, MFAA CE......
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17.07.2008
Gilmmer of hope for cash rate reduction
RBA governor Glenn Stevens offered some hope yesterday that interest rates may have reached their peak and the next cash rate movement could be down.
Speaking at a luncheon in Sydney Mr Stevens said he expected demand would continue to moderate and inflation pressures ease.
“I t......
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01.07.2008
Cheaper Queensland Home Purchase Costs
Increased concessions – first home buyers
The 2008-09 State Budget increased the first home buyer transfer duty exemption to $350,000 from 1 July 2008, providing further savings of up to $1,650 (at $350,000) for those purch......
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15.04.2008
Home loan slump biggest in four years
Home loan slump biggest in four years
Monday, April 14, 2008
Home loan approvals have suffered their biggest fall in four years, adding to confidence t......
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14.04.2008
Should I payout my Mortgage when I sell?
If your selling a property then making the right decision on what to do wit our mortgage can save you a lot of money. Most mortgages will have some type of expense or cost when you paid them out. This will vary from $150 up to thousands depending on the style of loan and how l......
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04.03.2005
Ferny Hills - Real Estate, Property for sale
As the name sugguest the properties in Ferny Hills are flushed with leafy vegetation. It is a quite and tranquil suburb that has enjoyed fairly consistant real estate sales growth. Over the last few years Fery Hills real estate sale prices have grown, on average, around 23%. Most si......
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