Volatile financial markets caused by problems in European economies forced the RBA to keep the cash rate steady at 4.5 per cent for the second month in a row.
After three consecutive rate rises earlier in the year, the RBA today decided to leave rates on hold in July.
“The current setting of monetary policy is resulting [...]
I listened to a report last night on the radio relating to comments from Glen Stevens, Governor of the RBA. The crux of this report was the Reserve Bank is concerned house prices are going to continue to rise due to an undersupply in housing and a large population increase on the way. Now property prices have generally [...]
...Read MoreJust when rates will rise again in this cycle is a hot topic of debate. Some forecasters have tipped as early as next month, others don’t expect a move until next year.
However, most economists and forecasters now appear to think an interest rate rise is likely before Christmas.
According to Herald Sun economic commentator Terry McCrann, [...]
I don’t think anyone you speak to would dispute that interest rates are at an all time low and that as our economy recovers interest rates will return to a ‘normal level’. The million dollar question is where is that ‘normal level’? If you look at interest rates over the last forty years you will [...]
...Read MoreI pose the question. For an investor doesn’t it really all come down to interest rates at the end of the day? I would definitely agree that the more debt you carry the more you will feel those up and down increases and the more out of pocket you would be if you’re only say [...]
...Read MoreWestpac’s decision to increase the interest rate on its fixed rate mortgages has again widened the gap between fixed and variable rates and has led experts to declare that home owners still considering locking their rate in for the next three or five years have almost certainly missed their chance to get the best deal.
Westpac [...]
Matisik Property Insights, June quarter report, provide some very interesting stats taken from the RBA, ABS, HIA and RP Data, to give us some insight into our current economic climate.
“Interest rates take between six and twelve months to stimulate the market and especially new housing starts. The economic conditions, given the rapid easing in interest [...]
