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Tag Archive 'mortgage'

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is continuing its transition following the end of the mining investment boom. GDP was weaker than expected in the September quarter, largely reflecting temporary factors. A return to reasonable growth is expected in the […]

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Most mortgagees will refinance their home loan several times over the period of the loan. In fact, loan experts agree it’s important to reassess your loan every 5 years or so to ensure you are still on the right financial path. Be careful though, many borrowers make one of more of the following mistakes when […]

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At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent, effective 4 May 2016. This follows information showing inflationary pressures are lower than expected. The global economy is continuing to grow, though at a slightly lower pace than earlier expected, with forecasts having been revised […]

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Thinking about buying a property on your own? There are a lot of benefits, primarily that you have complete control over the purchase decision – from which property you buy to how much you pay for it to which loan you take out. However, you will need to save for all associated costs yourself, as […]

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RBA Lowers Interest Rate to 2%

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including […]

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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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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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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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Mortgage Portability

A portable mortgage is a home loan that permits the borrower to transfer their loan balance to a new property with the same lender without penalties. The borrower will transfer the mortgage to the new property with the exact terms that remained at the time of the transfer. Previously, and still the case with many […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.75 per cent. 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 further but, overall, remain at high levels by historical standards. Inflation has […]

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