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reserve bank of australia

Thumbnail image for Australian Real Estate Market Update July 2010

Australian Real Estate Market Update July 2010

Analysts believe that the drop in auction clearance rates in Australia are showing that prices will fall in the second half of the year. The property market has begun to relax over the last couple of months. Consumer confidence declined 7% in May and the interest rate rises have finally started to have an impact. And, despite new laws being introduced, the cumulative effect will take a long time to materialize.

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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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Thumbnail image for Australian Interest Rates Rise- the Shape of Things to Come for 2010

Australian Interest Rates Rise- the Shape of Things to Come for 2010

Seeking to cool a growing economy, the Reserve Bank of Australia has increased interest rates from 3.75% to 4% in a move widely expected by experts. As the only major economy to avoid recession (generally considered to be two consecutive quarters of negative growth), and the first to raise rates from 50-year lows as the economic crisis eased, it follows three consecutive rises at the end of 2009 but is the first rise for 2010.

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Thumbnail image for Australian Interest Rates on Hold in February 2010

Australian Interest Rates on Hold in February 2010

The Reserve Bank of Australia has decided to keep interest rates on hold at 3.75%. It was widely expected that interest rates would increase by 0.25% and the markets had already factored in that expected increase. Rates are still 3% less than when the current Federal Labor Government won power in November 2007.

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Thumbnail image for Are Interest Rates in Australia Going to Rise Soon?

Are Interest Rates in Australia Going to Rise Soon?

Michael Marquette’s “View from the Bridge” this week looks at where Australian interest rates are heading: It is widely believed that Australian interest rates will increase by a further 0.25% when the Reserve Bank meets on February 2. The markets have already factored in the rise, with positive economic data showing continued strength within the economy.

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Thumbnail image for View from the Bridge: Australians Far Too Complacent About the Economy

View from the Bridge: Australians Far Too Complacent About the Economy

Despite the monumental shift in the World economy and the considerable distance we still have to travel to recover and restructure, the Australian media, Reserve Bank and the population as a whole has decided to put their heads in the sand. The overwhelming sentiment is that Australia has in some way missed the worst of the economic crisis and is powering ahead. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes explains that the decision of the Reserve Bank to lift interest rates from 3% to 3.25% today is testament to this way of thinking

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Thumbnail image for The Four Phases of Australian Interest Rates

The Four Phases of Australian Interest Rates

With Australian interest rates at historic lows, consumers are quite conscious that it won’t last forever. Simon Turner of luxury real estate agency Marquette Turner Luxury Homes in this article talks about the four phases of interest rates that Australia has experienced in the last 30 to 40 years.

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Thumbnail image for Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

The Reserve Bank of Australia has decided to put rates on hold for another month. Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes provides commentary regarding Australia’s official rate of 3% being the highest in the OECD.

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Thumbnail image for Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

In this article of Luxury real estate agent Michael Marquette’s “View from the Bridge” he looks at the economic outlook for Australia. Looking at Australian Bureau of Statistics data, retail margins, sydney house prices, brisbane house prices, melbourne house prices, and more, as well as interest rates, housing bubbles, household debt, and inflation, the general nature of this article is of great importance.

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