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RBA Rate Decision – November 2015

On this Melbourne Cup Tuesday, the RBA Board met and they've kept interest rates on hold for another month. Now, they has been a lot that have happened in the last month and I'm going to spend a few minutes talking about that. The first thing we saw is an out-of-cycle rate rise for mortgage holders, most importantly, not business lending. Just m...

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RBA Rate Decision – September 2015

Hello Ben Kingsley here. Thanks for watching this RBA video announcement. As you can obviously pick up, I'm not in the office as I usually am at the moment. I'm currently on a family holiday up in tropical North Queensland. What an interesting time to take a holiday. In fact the last time, as I was saying it to my wife, that I took a holiday lik...

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RBA Rate Decision – August 2015

Today the Governor and the Reserve Board met and kept interest rates on hold for another month. Now, they are continuing to stay at record low levels where the cash rate remains at 2%. Now for a first in this commentary series that you may have seen or may not have seen before, I'm going to actually cut to some audio of Glenn Stevens presenting a...

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RBA Rate Decision – June 2015

Hello, today the Governor and the Reserve Board met and they've kept interest rates on hold. Now this was widely anticipated. The facts are, at 2% cash rate, it is at historically low level and if we were to actually move rates further down which we do have capacity to do if you look at the minutes for May 2015 Cash Rate. They are saying that we...

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RBA Rate Decision – May 2015

Today the Reserve Governor and the Board met and they've dropped interest rate once again to 2%. So following the February rate cut, they've followed it up with a May rate cut. Now the reason behind that is simply the spare capacity that we are still seeing in the economy. They've made a judgement call, even before we see the May 2015 budget ...

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When Is the Best Time to Refinance Your Loan?

You’ve bought or invested in a home and are making regular mortgage payments. What happens when you want to adjust your repayment plan? Perhaps a step up in your salary has given you additional resources to pay off your balance in less time. Maybe an outside hardship requires you to refinance in order to improve your cash reserves or your loan mi...

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Is Now the Right Time to be Fixing your Loan?

So is now the right time to be fixing your home loan? One thing that I want to talk about today is to try and explain to you how fixed rates works versus how variable rates works. The first part of this story is, variable rates which is obviously the rates that we see changing when the RBA does their cash rate decision is what we set those variab...

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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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Three Simple Tips to Keep a Good Credit Rating

Gaining and maintaining good credit is one of the most important things a person can do for themselves. Credit is something that is often confusing to people who are looking to start building their credit and a daily necessity to those that have an established history. Following the Global Financial Crisis (GFC), Australia is now using a system wh...

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RBA Rate Decision – March 2015

Today the Reserve Bank of Australia decides to keep rates on hold after dropping rates by 25 basis points last month. Now looking at the Board Meeting minutes from last month, it was a bit of a flip of the coin whether they were going to drop rates in February or potentially wait until March. Ultimately, we all know the outcome of that. They d...

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