Empower Blog Construction

Five Key Things to look for during a Property Inspection

Have you ever inspected a property on a Saturday? You arrive at the property, you get out of the car, you shake the agent's hand, you leave your details as you go for a wander through, and you get back in the car. And then later that day, you try and recall some of the things you remember about that property, and you go totally blank. If so, you a...

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RBA Rate Decision – October 2016

Today the new Governor, Dr. Phillip Lowe and the Board met and they've kept interest rates on hold. Now this was widely anticipated by most economists. There were, however, a couple of economists who were looking to see a rate cut. I think that had a lot to do with our stubbornly high Australian Dollar with the Fed Reserve in the US not moving on i...

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RBA Rate Decision – September 2016

The Reserve Board met today, and they've kept interest rates on hold. That's after dropping the cash rate by 25 basis points last month. Now they are looking for a lead in terms of where they go next, and most people are predicting that it is going to go down. In fact, before this announcement, 38 economists were surveyed, and they all anticipated ...

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RBA Rate Decision – December 2015

Yes, it is the first of December and I still have the remnants of my mustache from Movember. Trust me, it will be gone by tonight. Just a busy morning. Anyway, I'm not here to talk about my mustache and Movember but thank you to those who donated. It is very kind of you. Let's talk about the RBA. As widely anticipated, and it is pretty much unanimo...

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RBA Rate Decision – April 2015

Today the Reserve Governor and the Board met and they've kept interest rates on hold for the April 2015 board meeting. That has kept the cash rate at 2.25%. Now, why had they kept the rate on hold? Well the reasons come down to a few things. To begin with, they've probably seen some early signs on the economy starting to pick up. Those early ...

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RBA Rate Decision – February 2015 – Why did they drop 25 basis points?

So why did the Reserve Bank of Australia (RBA) moved on interest rates this month when most commentators including myself actually thought it would stay at the 2.5% cash rate. The 25 basis points reduction to 2.25%- what's behind that? Well, the story is around our currency and we really need to get our currency lower. I think you'll find the RB...

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RBA Rate Decision – June 2014

Today the Reserve Bank met and kept interest rates on hold for another month. It's amazing what can happen after a federal budget and more importantly, an austere federal budget. We're actually seeing what I said in my last video from last month is that this budget is an important budget. And it's an important budget in terms of momentum in the ec...

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RBA Rate decision – May 2013

The decision for the RBA to reduce interest rates this month, took most economist and cash rate commentators including myself a little bit by surprise.  Sure the recent economic data highlighted our economy was losing its mo-joe, but again there were signs for me around greater buying activity and strong employment that lead me to thinking there m...

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