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February rate cut tipped to boost Australian housing market
By Larry Schlesinger Friday, 13 January 2012 Economists are tipping the central bank to deliver a 25-basis-point cut to interest rates at its February 7 meeting, a move that would almost certainly boost the property market. The futures market is pricing in a 99% probability …
Reserve Bank holds the interest rate reins
CUP Day punters could have an extra reason to cheer today, with the odds strongly in favour of the Reserve Bank keeping interest rates on hold for a sixth consecutive month. But any sigh of relief from borrowers could be short-lived, with some pundits predicting …
Rate rise a matter of time: RBA
IT is only a matter of time before interest rates rise again, with board minutes from the Reserve Bank of Australia (RBA) revealing that it "could not wait indefinitely" due to rising inflationary pressures. Minutes from the latest RBA monetary policy board meeting, taken on …
Owning home more difficult despite jobs
It’s now easier to get a job, but owning your own home is expected to become much more difficult. As the nation moves into a period of higher house prices, rising interest rates and falling unemployment, economic commentators are pointing to declining housing affordability over …
Banks shouldn’t raise rates: Swan
Federal Treasurer Wayne Swan says banks could not justify raising rates above the official cash rate if the Reserve Bank of Australia increases its rates when it meets on Tuesday. On September 21, the RBA kept its benchmark cash rate on hold at 4.5 per …
How high will rates go?
Glenn Stevens was out last week sounding loud alarm bells about where interest rates are headed. It seems that as the economy belts full steam ahead into what Stevens has termed the biggest resources boom since the late 19th Century, interest rates are only headed …
CFS Retail Said to Seek to Raise A$500 Million to Buy Malls in Australia
CFS Retail Property Trust is seeking to raise about A$500 million ($477 million) to buy as many as four shopping malls owned by Direct Factory Outlet in Australia, according to two people familiar with the matter. CFS Retail expects to complete the capital raising today, …
Australia ‘ahead of its time’ in global recovery
Australia’s property market is recovering with vigour thanks to the strengthening employment sector, according to CB Richard Ellis. The company’s executive director of research for the Pacific Region, Kevin Stanley, said the employment base in Australia had already recovered from the downturn with rates of …
The Next RBA Move will be Downwards
When yours truly was on Seven’s Sunrise back in May it was acknowledged by both David Koch and myself that the Reserve Bank of Australia (RBA) would be unlikely to lift rates that day, with the knowledge that things were looking worse in Europe and …
Moderate Property Growth in Next 3 Years
The Reserve Bank of Australia decided to leave interest rates on hold at 4.5% in June as they observe the impact that recent rate rises are having on the Australian economy. This is particularly important as Europe tries to deal with its sovereign debt issues. …
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