
Rates steady on Cup day
Interest rates have again remained steady at the record low of 2.5 per cent – the same rate that has been since August last year.
Interest rates have again remained steady at the record low of 2.5 per cent – the same rate that has been since August last year.
The Harbour City’s house prices are continuing to sizzle, just like their weather will in the coming weeks.
The threat of a property bubble in Australia is a constant presence in the current economic climate, but perhaps there’s a different bubble we should be more concerned about.
Brokers are being warned that the rate war could be coming to an end.
Variable rates have now fallen to 4.48 per cent, and brokers may be running out of time to capitalise on the continued run of rate cuts.
House price growth looks set for continued slowdown next year despite the record low interest rates.
The RBA says the Australian dollar is still overvalued in the current economic climate, after it was buying US87.16c yesterday.
Efficiency in the mortgage industry is set to improve with the launching of a new database that will aim to transform its methods of collecting and disseminating lender and product data.
The Organisation for Economic Cooperation and Development (OECD) has recommended to the Reserve Bank that they lift interest rates early in 2015.
With the arrival of summer and the festive season, it can be a time of the year when property investors get caught up in the allure of holidays and want to buy a holiday home.
Interest rates have remained unchanged for the 15th policy meeting in a row.
Comments made by the RBA during this month’s meeting again emphasised that the current rate levels were right for fostering sustainable growth.