Reserve Bank of Australia has decided to leave the cash rate unchanged at 4.5 per cent. Since the Board last met, concerns about sovereign creditworthiness in several European countries have been a focus of financial markets. Investors have generally displayed a good deal more caution. As a result, equity prices have fallen and long-term government bond rates have declined outside of ...
Australian mortgage holders are a third time unlucky this year, after the Reserve Bank board today lifted interest rates by 0.25 per cent. It is the third rate rise in as many months. Mortgage holders will be disappointed with the increase. After being told by the Reserve Bank Governor, Glenn Stevens, that rates were getting close to normal levels, borrowers would ...
Australian mortgage holders will have to dig deeper for their repayments after the Reserve Bank board decided today to lift interest rates by 0.25 per cent. The increase will be of little surprise to mortgage holders, who have been bracing themselves for a higher interest bill after repeated warnings by the Reserve Bank Governor, Glenn Stevens, that rates are on their ...
At its monthly Board meeting today, the Reserve Bank of Australia shocked most analysts with a decision to leave the cash rate unchanged at 3.75 per cent. While the move came as a surprise to many, there was enough indifferent data in the past fortnight to provide reasons for a pause and the RBA has never been keen to hike for ...
After recording a stellar performance over most of 2009 the Australian residential property market ended 2009 on a softer note with national home values dipping slightly during the month of December. Australian home values recorded a 0.3 per cent fall in the month of December as the seasonal effect of the summer slowdown combined with rising interest rates and fading first ...
The REIV December quarter Property Update has revealed a new record high median house price of $540,500 in Meblourne, an increase of 15 per cent from $470,000 in the September quarter. Major regional centres are also participating in the property market revival, with Ballarat performing the best of the larger towns. REIV CEO Enzo Raimondo said that Melbourne’s was the largest ...
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