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Tag Archive 'mortgages'

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth. Key commodity prices are much lower than a year ago, in part […]

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RBA Expected to Hold Rates

The board of the Reserve Bank of Australia is not expected to cut the cash rate when it meets later today. Eight out of 12 economists surveyed by AAP say the RBA will not cut the cash rate in the foreseeable future, and all of the those surveyed predict there won’t be a Melbourne Cup […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent. Global growth is forecast to be a little below average for a time, but the downside risks appear to be reduced. While Europe remains in recession, the United States is experiencing a moderate expansion and growth in China […]

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Finding the extra dollars to save a sizeable deposit is no easy task, especially for those already paying rent. However, there are several clear benefits in doing so if you’re keen to keep your mortgage costs as low as possible. The first seems obvious, but it’s worth looking at the numbers to really understand the […]

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The number of home loans approved fell the most in five months in July, underscoring ongoing weakness in the nation’s housing sector. The number of loans dropped 1 per cent to 44,804, lower than a downwardly revised 45,278 in June, the Australian Bureau of Statistics reported. Economists had expected housing finance commitments to be flat […]

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  At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent. Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators continue to suggest weakening in Europe and a slower pace of growth […]

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  Australia’s top central banker says recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices. Reserve Bank Governor Glenn Stevens said he had no intention of engineering a return to the spiralling property prices and household debt levels which characterised the pre-2007 housing boom. Mr Stevens said […]

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RBA Cuts Rates by 25 Basis Points

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 3.50 per cent, effective 6 June 2012. Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators suggest further weakening in Europe and […]

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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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Kim Ward, Sales Director of Sandhurst Real Estate comments on Tuesday’s interest rate reduction. We will all be pleased with a slight drop in interest rates announced by the Reserve Bank yesterday. It will amount to a saving of around $60 per month for the average mortgage which is not a big deal but better […]

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