January 21, 2016
ANZ economists reverse forecasts and predict more interest rate cuts
ANZ economists say they expect interest rates to be cut another further 50 basis points next year to a new record low of 1.5 per cent.
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January 21, 2016
Rates kept at 2% and experts tip little effect on house prices if they’re cut in November
The Reserve Bank has left interest rates on hold for the month at 2 per cent, but experts say people shouldn’t expect supercharged house price growth if they are cut again this year.
January 21, 2016
Investors starting to look to Perth for cheap bargains in a buyers’ market
While investment in the Melbourne and Sydney property markets cools, economic advisers have started looking out west to Perth as one of the country’s best buyer markets.
January 21, 2016
Economists dismiss predicted 7.5% fall in house prices next year
Economists have slammed recent claims there could be a drop of up to 7.5 per cent in house prices next year.
Earlier this week Macquarie predicted a drop in house prices of 7.5 per cent across the country in 2016.
January 21, 2016
Westpac to lift home loan rate for owners and investors
Westpac Bank has signalled it will lift its home loan rate to beef up capital reserves to guard against future financial crises.
January 21, 2016
Unemployment rate remains steady for September
Australia’s unemployment rate has remained steady for the last month at 6.2 per cent.
While the unemployment rate remained unchanged, the actual number of jobs available fell by 5,100.
January 21, 2016
Government backs APRA screw tightening
The Federal Government has given the banking regulator APRA until the end of the year to ensure Australian banks are holding enough capital to weather financial storms.
January 21, 2016
Melbourne to take Sydney’s place as Australia’s property king in 2016
New research predicts Melbourne to overtake Sydney as the best performing capital city market in 2016.
January 21, 2016
Complaints against mortgage brokers on the decline
It seems customers are increasingly happy with mortgage and finance brokers.
The latest figures from the Credit and Investment Ombudsman (CIO) show consumer complaints against mortgage and finance brokers have fallen over the 2015 financial year.
January 21, 2016
Big four banks’ mortgage rate hike fuels RBA discussion on future rate cuts
Now that the big four banks have all lifted their mortgage rates after Westpac made the first move, it could put the onus on the RBA to again cut their official rate on Melbourne Cup day.