Latest News
Rate cut passed on by most banks
11/05/2012
Australia’s banks have decided to pass on the majority of the recent RBA 0.5% rate cut to borrowers. All four majors have made announcements to reduce their variable rate by between 30-40bps, with ANZ making the decision to follow suite late in the piece today.
This will come as welcome news for current home owners, decreasing the cost of their monthly mortgage payments s...
What does the budget mean for you?
09/05/2012
Treasurer Wayne Swan has delivered his Federal Budget, along with its promised surplus.
A $1.5bn excess is predicted for the 2012-13 financial year, which is dependent on the Australian economy growing by 3.25% in 2012-13 and 3% in 2013-14.
But what does this mean for you and the everyday consumer? It would appear that the main winners are low income earners, families and the el...
Confidence returning to residential property market
06/05/2012
The Perth property market is turning around for long-suffering home owners, with median home sale prices lifting to their highest in more than six months.
Ahead of this week’s cut in official interest rates, the Real Estate Institute of WA found that the median house price across the city lifted for the second consecutive quarter.
The median price rose by $2000...
0.5% cut in interest rates but will the banks pass it on?
01/05/2012
The RBA has bettered expectations in choosing to cut the official cash rate by 50bps to 3.75%.
The reserve bank made the cut in response to economic conditions being weaker than expected over the last few months and inflation moderating.
Attention will now shift to the commercial banks as borrowers - and depositors - wait to see how much the lenders cut interest rates, and how s...
Cash rate left on hold again
04/04/2012
After cutting the benchmark cash rate at both its November and December board meetings last year, the Reserve Bank has decided to leave interest rates on hold at 4.25 per cent this month.The move was largely in line with economist predictions, but has left the door open for a cut as early as next month.RBA governor Glenn Stevens said in an accompanying statement that the pace of e...
