News

Interesting article in today's Age about stamp duty. It looks like some very influential people are advocating for it to be severely scaled down or abolished.

RBA deputy governor Ric Battellino has commented that the Reserve Bank board has had to balance higher-than-anticipated inflation with slowed economic growth. Battellino said inflation for 2011 is likely to trend higher than was forecast last year, while growth estimates have had to be revised downward amid global economic uncertainty and this year's natural disasters.

When investors talk of buying positively geared property, where are they looking – and do these types of investments still really exist?

In fact, there are many aspects to financing that your bank may not necessarily tell you about. The following are some of the hidden truths your lender is unlikely to tell you about:

The ANZ has joined the chorus of cutting fixed mortgage rates, cutting two and three-year loans by 60 basis points to 6.44 per cent. Westpac and the Commonwealth Bank also recently announced rate cuts after massive falls in global share markets.