RBA's 0.25% Cash Rate Fixed for 6 Months Straight
The Reserve Bank of has recorded an all-time low official cash (OCR) rate at 0.25% in its September 1 report. According to the official we...
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Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts
Rates to stay on hold until 2012
The Reserve Bank says key financial-stress indicators suggest most households are comfortably shouldering the economic slowdown, with many p...
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No rate cuts as Aussies head overseas
Australians are taking advantage of the strong dollar to holiday overseas in record numbers and damaging the local economy. "If retai...
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Rate rise still on the cards
Reserve Bank Governor Glenn Stevens has reiterated that further interest rate hikes may be on the horizon. In a speech to a Brisbane lunch...
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No more rate rises under Easter 2011 predicted
Some economic analysts are now predicting that the RBA will not raise rates again until March or even April 2011. Private sector borrowing i...
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1 in 10 reassessing their Xmas spending
According to an online survey, one in ten homeowners have canned their Christmas holiday plans as a result of the most recent interest rate ...
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Big 4 banks increase home loan rates
The National Australia Bank and Westpac have followed CBA and ANZ and raised their standard variable home loan interest rates above the rat...
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CBA home owners will now pay an extra $88/month on home loan
Commonwealth Bank home loan customers with an average $300,000 standard variable mortgage will pay an extra $88 a month after the bank rais...
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Families should prepare for interest rate rises
Although interest rates are currently on hold, there is a likelihood they will rise next month if not in December. According to Phil Naylo...
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Residential home loans fall
The RBA is being urged to keep interest rates on hold when they meet again in August 2010, after housing commitments fell for the fourth tim...
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There could be another rate rise this year
Industry commentators agree there will only be one more interest rate rise this year. The only thing they don't agree on is when that m...
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Banks may still increase rates
The Australian Financial Review has reported that wholesale funding costs could force Australia’s major banks to move above and beyond any...
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RBA urged to hold interest rates
Raising interest rates could stifle home building according to the Housing Industry Association (HIA). The institute's chief...
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RBA to leave rates on hold until August
The RBA is expected to keep the official cash rate on hold until at least August 2010. According to minutes of the RBA's board meetin...
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Interest rates on hold for now
After 3 consecutive rate rises, the Reserve Bank has given home loan borrowers a break by pausing on their cycle of rate rises for the fi...
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Mortgage rates to hit 8.6% in next 12 months
The OECD expects Australia to have among the highest interest rates in the world. It expects five rate rises in the next 12 months. In its ...
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Housing affordability drops for first quarter 2010
Housing affordability fell for the March 2010 quarter, as higher house prices, increased interest rates, and the removal of the first home b...
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90,000 Auustralian homeowners will be forced to sell up
Ninety thousand new home owners are expected to lose their homes as a result of rising interest rates. According to Fujitsu Consulting, up t...
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RBA raises interest rates again
The Reserve Bank of Australia (RBA) has raised the official cash rate 25 basis points to 4.25 per cent – the second rate hike for 2010. Th...
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Interest rates going up
Economists at Australia’s leading banks expect the Reserve Bank of Australia (RBA) to lift interest rates again as early as next week. Ther...
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