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Banks

A bank is a place that will lend you money if you can prove that you don’t need it.

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Housing Crash Predictions – Alistair’s Take

Predicting a property crash in Australia seems to have become a type of sport amongst economists worldwide. It’s almost as if members of this profession are wishing a property crash on us. But how accurate are their predictions and should property investors in Australia be worried by this up-surge in gloomy analyses for our property market?

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Currency Watch provided by ForexSport

AUD/USD – Short term trend UP, Long term trend UP

The AUD/USD broke through resistance of 1.0600 and has traded as high as 1.0792. RBA leaves rates unchanged and downgrades the Australian growth forecast. The global growth outlook is a concern for the RBA with European sovereign debt issues weighing on the European banking system.

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Refinancing still going strong – MFAA

Home owners are still refinancing their mortgages, even as the property market remains flat, the latest Bankwest/MFAA Home Finance Index has shown. The Home Finance Index, which surveyed more than 1,139 respondents, revealed that one in four (24.7%) had refinanced their loan in the past two years and 14.2 per cent had refinanced in the previous year, an increase on the previous HFI.

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