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Thumbnail image for June 2010: Australian Interest Rates Kept on Hold at 4.5%

June 2010: Australian Interest Rates Kept on Hold at 4.5%

After raise after raise, there has been some reprieve for borrowers with the Reserve Bank of Australia deciding to keep interest rates on hold at 4.5% following their June meeting. The RBA has clearly taken into account the debt crisis in Europe, as well as closer to home economic data including somewhat less than enthralling consumer confidence and weak retail sales.

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Thumbnail image for Australian Interest Rates Increase Again – April 2010

Australian Interest Rates Increase Again – April 2010

The Reserve Bank of Australia (RBA) has once again raised its official cash rate by a further 25 basis points to 4.25%, its fifth increase in its past six meetings (since October 2009). Governor Glen Stevens stated that the view of the RBA is that the global economy has continued to improve and domestic activity is recovering whilst the bank seeks to ensure that Australia’s economic expansion remains on track without an outbreak of inflation.

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Weak: Reserve Bank of Australia Makes Wrong Decision (with podcast)

The Reserve Bank of Australia (RBA) has decided to leave the official cash rate at 3.25%.

This is the wrong decision – the real estate market is continuing to slow and Australia still has the highest cash rates in the developed world.

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Thumbnail image for The MASTERPLAN Part 3 – Government Debt (with podcast)

The MASTERPLAN Part 3 – Government Debt (with podcast)

It is a staggering amount of money, almost incomprehensible but currently the United States Government is running a General Fund debt of approximately $11 trillion. I find it too hard to fathom but they really are – what are they thinking? The US Debt is spiraling out of control. On October 18, 2005 the outstanding US Public Debt past $8 trillion and is increasing by approximately $1 trillion each year. Put another way the US Public Debt increases by approximately $3.6 billion US each day.

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Thumbnail image for Sydney Property is Selling, but Mostly at the Lower End of the Market

Sydney Property is Selling, but Mostly at the Lower End of the Market

Sales results are slowly starting to trickle in for the year and it seems that the lower end of the market is leading the way. Very few Luxury Homes have sold in the last 7-14 days, although first homebuyers are continuing to take advantage of the $14,000 government grant and the stamp duty concessions.

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Thumbnail image for First Home Owner’s Grant (Australia)

First Home Owner’s Grant (Australia)

AUSTRALIA: If you are planning on buying your first home, then you may be eligible for the First Home Owner Grant (“FHOG”).  It is a national scheme funded by the States and Territories and administered under their own legislation.

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Thumbnail image for Five Common First-Home Buyer Mistakes (And How To Avoid Them)

Five Common First-Home Buyer Mistakes (And How To Avoid Them)

You decide you’ve found the property that you want to become your first home we’ve collated some common mistakes that first-time home buyers often so that, hopefully you can avoid them and make the process and positive as possible.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

The Reserve Bank of Australia has cut interest rates by a full 1% (100 basis points) to 3.25%. The question that needs to be asked is why this wasn’t done an entire month ago in January?

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Thumbnail image for Sydney Real Estate Prices Tumble

Sydney Real Estate Prices Tumble

Property prices in Sydney are falling fast, with the Luxury Harbour Suburbs taking the biggest tumble. Housing prices in the Eastern Suburbs fell 14% last quarter, with the Lower North Shore decreasing by an equally huge 13% for the same period.  With Sydney’s median house price now officially at $536,000, $32,500 less than the $568,500 reached in early 2004, it is now time for vendors to get real or suffer the consequences.

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