Home Loans & Mortgages

Finance Minister Nick Minchin has indicated he does not believe an expected hone loans mortgage interest rate rise this week is warranted. The Reserve Bank of Australia (RBA) is widely tipped to raise interest rates this Wednesday by one quarter of one per cent. Mr Minchin today said he did not want to give the RBA [...]

The Reserve Bank of Australia [RBA] is being blamed for a dive in housing construction, raising fears that rents are set to rise sky high due to a lack of residential rental housing accomodation in most Capital Cities and many regional areas. The number of new housing plans approved by local councils dipped 2 per cent in [...]

The Reserve Bank of Australia (RBA) said three interest rate rises in 2006 had dampened recent demand for housing finance. Australia’s central bank said in its quarterly statement on monetary policy that upward movements in the cash rate in May, August and November last year had brought housing loan rates to a level that was [...]

The Reserve Bank of Australia Board meets today to decide the fate of homeowners home loan rates, and whether to raise interest rates Our tip is that home loanrates will stay as is. The RBA will not raise the official cash rate till the picture of the Australian and World Economies becomes clearer. Sudden collapse [...]

Interest rates will have to rise further if the dip in inflation late last year is not sustained, the International Monetary Fund has warned. In its twice-yearly global economic outlook, the IMF has sliced Australia’s growth prospects but held its forecast that the world economy will grow by 4.9 per cent this year and next. [...]