A report released by BIS Shrapnel today forecasts that property prices shall remain steady over the short-term period, with Interest Rates set to increase to around 9.50% p.a. to subdue the buyers market reported SMH BusinessDay. “Report author Angie Zigomanis said the drop in home prices to June this year had been caused by the government’s [...]
The latest annual report of the Bank for International Settlements (BIS) ranks that Australian Banks will be some of the most profitable in the world reported SMH BusinessDay. “According to the BIS study of the world’s banking profits, the pre-tax profits of Australia’s big four was the equivalent of 1.14 per cent of their total assets. This [...]
The difficult economic environment has presented the RBA with tough choices for movements of our Interest Rates reported SMH BusinessDay. “In the central scenario, we are looking at a significant boom in investment in the resources sector at a time when the overall economy has relatively little spare capacity,’’ Mr Lowe told a business luncheon in [...]
While the majority of economists have been awaiting for the RBA to raise rates at least one time during this year, some Futures Traders have gone one step further and predicted that interest rates could actually fall reported SMH BusinessDay. “But with the RBA making reference to elevated worries about the Greek debt crisis, futures markets [...]
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The RBA has again hinted today in it’s board meeting minutes that they will look to raise Interest Rates sometime during this year, with inflation being kept in check by our high strength dollar and lower labour costs reported SMH BusinessDay. “Members considered, however, that the flow of data over the past month had not added [...]
The following article extracts are courtesy of SMH BusinessDay. Written by Mr Peter Martin. “Mortgage repayments are deteriorating rapidly with as many as one in 50 NSW mortgage holders behind on payments. A survey by Fitch Ratings finds Fairfield-Liverpool the worst-performing region in the nation, having one in 35 mortgages at least a month overdue. The [...]
Current trends are emerging of the “good times” both consumers & the banks enjoyed over the past couple of years, which has come back to hurt both parties reported SMH BusinessDay. “A clear picture is starting to emerge about which mortgage holders are showing signs of repayment stress and where they live. In a nutshell, lower-income [...]
SMH Money has explored how switching your Mortgage Lender could become the smartest move you have made all year. With Lenders holding up rates at previously raised levels in line with the RBA’s movements, consumers have caught on and looked to refinance. “Figures released last week by the Australian Bureau of Statistics show that refinancing [...]
The Reserve Bank of Australia has left interest rates on hold again for a 6th time in a row, the cash rate remaining at 4.75% reported SMH Money. The decision to keep rates on hold was expected by a majority of economists, who pointed to a parade of recent soft data on the national economy as [...]
