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RBA Rates Decision – June 2009

The Reserve Bank chose once again to leave interest rates on hold today, leaving the cash rate at 3%. Commentators are now questioning whether the cash rate will actually get down as low as 2.5 to 2%, which is what was forecasted earlier this year. On the fixed rate side of the fence, the movement was up, with St George and Westpac both movin...

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What’s the Cheapest Loan?

If I had a dollar for every time……. so the saying goes, and in my case it relates to people asking me what is the best interest rate at the moment or who’s got the cheapest loan? I wish there was a simple answer to this question, and believe you me, when I first started out in the finance industry I was also naive to think that surely this...

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Housing Affordability Dramatically Improves

Housing affordability improved by 14.6% in the March quarter according to the HIA - CBA First Home Buyer Affordability Report The largest improvements were recorded in Hobart, Adelaide, and Sydney. According to the report, a combination of the boost to the First Home Owners Grant, record low interest rates and relatively stable house prices mean...

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RBA Rates Decision – May 2009

The Reserve Bank decided to keep it powder dry this month and left the cash rate on hold at 3.00%.  They are taking this neutral position in light of seeing what effect the rate cuts made earlier this year are having on the economy.  The overall consensus of the market is that the cash rate is still forecast to drop to between 2.50% and 2.00% lat...

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What’s happening in Easter this year?

A shortage of good property and increased interest from First Home Buyers leading up to the June 30 deadline for the Boost Package to lapse is making it hard going for both home buyers and investors in the ‘quality’ locations both in Melbourne and within all major Australian Cities. My comment is twofold this month: 1. Staying the course:...

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RBA Rates Decision – April 2009

The Reserve Bank announced today that the Cash Rate would be cut by 25 basis points to 3.00%. This decision brings rate to record lows, as Australia’s economy moves into recession, after a record period of economic growth. The big question is will the banks be passing on any of this latest cut, as they are still claiming the costs of funds ...

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Positive Cash Flow Property

Given the well documented shortage of available residential property to house our growing population, rents have been on the increase for some years now.  In fact, rents across Australia grew by 9% last year and forecast figures quoted in 2007 were for rents to increase by as much as 50% over the next 5 years, whether that figure actually material...

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RBA Rates Decision – March 2009

Today the RBA announced it will keep interest rates on hold for the month of march @ 3.25% In these interesting times it has only taken the RBA since September 2008 to drop the cash rate by 4.5%, when in the last tightening cycle it took them just under 6 years to raise the cash rates 3%, so maybe such a dramatic reduction to date is allowing th...

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The Year Ahead…

February is the start of the mid-year reporting season for Publicly Listed Companies, so it promises to be an interesting month regarding stock price movements and overall market sentiment for 2009. It’s fair to say that given the market has retreated by around 40% from its highs of 2007, some analysts have been quoted that they believe the re...

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