Posted in Finance, First Home Buyers, Market Updates, News on Dec 6th, 2011
The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest rate cut in as many [...]
A FRESH round is likely to begin in the mortgage price war with Commonwealth Bank pledging to beat any advertised rate among its three big rivals. The pledge has hallmarks of the ”unbeatable” campaign launched by National Australia Bank in New Zealand, a move that spurred on home lending but crunched margins among banks. The [...]
Posted in Local News, Market Updates, News, Property Management, Research on Aug 2nd, 2011
The Reserve Bank of Australia (RBA) has spared borrowers an interest rate rise, leaving the cash rate at 4.75 percent in a widely expected move. The Reserve Bank last increased the overnight cash rate in November 2010 to 4.75 percent from 4.5 percent and most economists still expect a rate rise this year. “We expect [...]
Posted in News on Nov 13th, 2010
Since the Australian market is almost regulated by its mortgage system hence the government wants more foreign banks to enter and grow their local operations in the country.The reports reveal that international banks have a very little share in the stock market of Australia that is already dominated by its four big local banks. And [...]
Posted in News on Nov 10th, 2010
Public pressure could be behind a decision by three of Australia’s big banks to delay rate rises in line with the Reserve Bank of Australia (RBA) official 0.25 percent hike.“It’s certainly a little unusual that three of the major four banks haven’t announced their interest rate movements by this stage, but it’s not unheard of. [...]
CUP Day punters could have an extra reason to cheer today, with the odds strongly in favour of the Reserve Bank keeping interest rates on hold for a sixth consecutive month. But any sigh of relief from borrowers could be short-lived, with some pundits predicting that the RBA will still send rates north by Christmas. [...]
The central bank says it’s aware of the difficulties property developers face obtaining credit, but it has questioned whether the sector is overly-reliant on debt. Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino expects an improvement in the economy over the next few years to be reflected in the commercial property market. In a [...]
The Reserve Bank surprised many when it decided to leave the cash rate unchanged at 4.5 per cent this month, despite the market pricing in a greater than 70 per cent chance of a rise. It has now been five consecutive months since the last rate rise in May, which is good news for the [...]
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