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Monthly Archive for February, 2015

When the Reserve Bank of Australia announced a further 0.25% in the cash rate on February 4, taking it to 2.25%, Australians officially saw the lowest rates since the 1960s. And the cost of a variable mortgage is now at its lowest since July 1968. Most lending institutions passed on the rate cut bring the […]

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The Real Estate Institute of Australia (REIA) says adjusted data released on February 11th on Australia’s first home buyer levels shows a still disappointing figure, REIA CEO, Amanda Lynch says, “REIA has previously lobbied the Australian Bureau of Statistics to review the method used to estimate first home buyer levels and we were pleased to […]

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RBA Drops Interest Rates

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent. Growth in the global economy continued at a moderate pace in 2014. China’s growth was in line with policymakers’ objectives. The US economy continued to strengthen, but the euro area and Japanese economies were both […]

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