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Tag Archive 'Money'

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China’s growth has generally been in line with policymakers’ objectives, though weakening property markets there present a challenge in the near term. Commodity prices in historical terms […]

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RBA Lowers Interest Rate to 2.5%

  At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5 per cent, effective 7 August 2013. Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined but, overall, remain at […]

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Home buyers wishing to get a clear picture of how much they can borrow can benefit from obtaining a home loan pre-approval. A pre-approval is also known as a conditional approval (St George Bank and ANZ), indicative approval, approval in principal (Westpac uses the acronym AIP) or Homeseeker (CBA). Pre-approval is a lender’s assessment of […]

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If the global financial crisis has made Australians more savings-aware, then first-home buyers are taking it one step further by increasing their minimum deposit and waiting longer to buy. The latest RAMS First Home Buyers’ Pulse Check Survey 2012 also showed the importance of family support, with 53 per cent of first-home buyers saying they […]

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RBA Leaves Rates on Hold

The Reserve Bank of Australia board has kept interest rates on hold, leaving the official cash rate at 4.25 percent. The shock move comes as many parts of the economy continue to struggle with the side effects of the mining boom. Data published yesterday showed retail trade contracted 0.1 percent in December, traditionally the sector’s […]

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The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest rate cut in as many […]

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Homeowners have been granted a long awaited reprieve, with the Reserve Bank opting to drop interest rates by 25 basis points. The cut continues what is becoming a tradition, with the Reserve Bank changing the cash rate on Melbourne Cup Day for the sixth year in a row. It is also the first time in […]

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The central bank has decided to keep the cash rate unchanged this month and has opened the door for possible future cuts. The decision was expected, with all 15 economists surveyed last week by AAP predicting the Reserve Bank of Australia (RBA) would keep rates on hold at 4.75 per cent on Tuesday. The central […]

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‘Wall of money’ flowing back

OVERSEAS money is increasingly driving the recovery of the Australian commercial property market, with net foreign investment last year at its highest level since 1994, according to research from Jones Lang LaSalle.Combined with the steady growth of superannuation money and the repatriation of funds from the sale of offshore assets by Australian investors, a big […]

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Good News on Interest Rates

Good news this week that the Reserve Bank is not only leaving interest rates on hold but is also leaning towards leaving rates on hold for the longer term. The Reserve Bank made the point that while there were signs of inflationary pressure in the mining sector, there was little in other sectors of the […]

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