
RBA says Australian dollar still too high
The RBA says the Australian dollar is still overvalued in the current economic climate, after it was buying US87.16c yesterday.

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.

Recently when comparison website finder.com.au surveyed 37 financial experts, just three of them predicted that the official cash rate would fall further in 2015.

Australia’s banking watchdog will be cracking down on risky mortgage lending practices as a guard against the hot property market.

Brokers, banks and processing companies are being inundated with mortgages as vendors rush to convert their spring property sales before Christmas.

The Reserve Bank has maintained its line of stability in its final meeting minutes for the year.

In a tough economic year for the Federal Government, one of the year’s brighter spots has been the strong housing market.