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Are Australian homes most overvalued in the World?
Are the world’s ‘most overvalued homes’ in Australia? • Fears of a ’house price bubble’ – The Economist • US house prices only overvalued 3pc AUSTRALIANS love to watch their home values rise but a leading magazine says they are way overvalued. The latest quarterly …
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Rates about right: Reserve Bank
Colin Brinsden, AAP Economics Correspondent December 7, 2010 AAP Central bank governor Glenn Stevens said that after the decision to lift the cash rate last month and subsequent increases by banks, lending rates in the economy were now “a little above average”. “The board views …
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 …
Why it’s in your interest to lock in volatile loans
The Reserve Bank surprised many when it decided to leave the cash rate unchanged at 4.5 per cent this month, despite the market pricing in a greater than 70 per cent chance of a rise. It has now been five consecutive months since the last …
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 …
Missing: spring investors
With Australia’s residential property sector finally coming off the boil, investors should be set to head back into the market to take advantage of easing demand and weakening buyer competition. But while owner occupiers and first home buyers are fast disappearing from the market, the …
Rent’s spent: time to set aside dollars for home?
Potential first homebuyers who want to jump off the rental roundabout should consider the effects of a strengthening economy, particularly as lenders begin improving borrowing conditions. Expected interest rate rises and higher living costs will compel many landlords to recoup lost funds by hiking rental …
Australian Real Estate Sales Jump in August
Real estate sales in Australia jumped by 11 per cent during August, official figures reveal. The property market in the country received a boost as homebuyer confidence strengthened and first-time buyers returned to the market. With the Reserve Bank keeping official interest rates on hold, …
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