Reserve Bank of Australia [RBA] raised mortgage interest rates by 25 basis points to bring the official cash interest rate to 4.0 percent The Reserve Bank of Australia raised mortgage interest rates by 25 basis points to bring the official cash rate to 4.0 percent pa.
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The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.
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It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.
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Australia’s first home buyers get a $14,000 First Home Owners Grant, and $21,000 for first time buyers that build new home. In some states that can be more. Are these grants really pushing up home prices?
Well apparently two out of three of Australians believe the Federal Government’s first home owners grant is in fact pushing [...]
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As Victoria’s housing values have plummeted about $40 billion in the past six months, we need to ask why it is such a bad thing. Afterall the Sharemarket has corrections all the time, so why do we expect the real estate values to climb relentlessly without having the same laws of the market apply.
Let’s face [...]
Continue reading about A falling housing market will keep the Australian Dream alive
