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Virtual Assistants ready to go NOW ! Have them work for you while you are on break!
ICG FEATURED Virtual Assistants Ready to start now or 2011 “Recruitment Specialists for the Real Estate Industry” If you need to talk to the ICG team prior to end of the year to discuss your recruitment solutions for 2011, please phone 1300 219 522 …
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 …
Mortgage Choice CEO reaction to August housing finance data
The CEO of Australia’s largest independently-owned mortgage broker, Mortgage Choice, says the latest ABS housing finance data* highlights that warnings of interest rate rises are having a dampening effect on home loan demand. The August ABS Housing Finance report 5609.0 shows a reduction in …
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 …
Spring will see investors warm to real estate
WARMER weather will combine with other favourable conditions to fuel the appetites of potential property investors, according to Australia’s largest independently owned mortgage broker. The latest Australian Bureau of Statistics housing finance report saw the value of investment housing loans drop for the first time …
New risks threaten house price bubble
Gerard Minack, a senior economist at Morgan Stanley, predicted two years ago that house prices were set to experience a dramatic 30 per cent fall by this year given rising unemployment. ”Australian houses are much more overvalued than US houses; indeed, on some measures, our …
Inflation gauge falls 0.1% in July, Manufacturing sector grows: Economy roundup
A private gauge of Australian inflation slowed during July, adding more weight to suggestions the Reserve Bank will keep the official interest rate at 4.5% at tomorrow’s meeting. The TD Securities-Melbourne Institute revealed today its consumer price inflation gauge rose 0.1% in July, down from …
Potential Rate rises worry households
HALF of Australian households are worried interest rates will rise but only one in five expect their debt levels to increase in coming months. Dun & Bradstreet’s latest survey of the consumer credit expectations of 1,205 adults across Australia found 49 per cent anticipated a …
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Third time unlucky for home owners?
Despite a second consecutive rate reprieve from the RBA this month, economists believe the ongoing strength in the domestic labour market could result in an interest rate hike as early as August. Australia’s unemployment rate was unchanged at 5.1 per cent in June, from a …
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