Category Archives: Banks
Rates On Hold As Spring Property Season Begins – Australia
Century 21, the largest real estate company in the Asia Pacific region, believes that the Reserve Bank of Australia’s decision to keep interest rates on hold this month will encourage prospective buyers to think seriously about making a property purchase … Continue reading
Australians pay off mortgages at record speed
The acting CEO of Westpac, Australia’s biggest bank, has claimed that today’s homeowners are paying off their mortgages at twice the average rate for the past 30 years. Speaking in Canberra at last week’s … Continue reading
RBA: the purported Housing Bubble, Australia’s economy and China
The Governor of the Reserve Bank of Australia, Glenn Stevens, recently delivered a speech at a charity luncheon in Sydney that provided some telling commentary for Australian property investors. A highly respected figure that is watched closely by markets due … Continue reading
Rate Hold Will Strengthen Stability Within Housing Market
Century 21 Port Douglas Real Estate, believes that the Reserve Bank of Australia’s decision to keep the official interest rate on hold at 3.5 per cent for a second consecutive month will help to continue to stabilise Australia’s residential property … Continue reading
House Prices in Australia – Speech by RBA Governor Glenn Stevens
This is an edited version of a speech given by Reserve Bank Governor Glenn Stevens at the Annika Foundation Luncheon on July 24. Scaled to measures of income, Australian dwelling prices on a national basis have in fact declined and … Continue reading
Rate Hold Reinforces Positive Prospects for Residential Property Market
RATE HOLD REINFORCES POSITIVE PROSPECTS FOR RESIDENTIAL PROPERTY MARKET Century 21 Australia, the largest real estate company in the Asia Pacific region, believes that the Reserve Bank of Australia’s decision to hold the official interest rate at 3.5 per … Continue reading
Four More Interest Rate Cuts In 2012
How does a 1% interest rate cut sound to you? According to an economist from one of the country’s Big Four banks, the RBA could spring four more interest rate cuts on the Aussie public this year. But will the … Continue reading
RBA Cuts 0.25% on Interest Rates
CENTURY 21 PORT DOUGLAS : RATE CUT WILL DELIVER BOOST TO PROPERTY MARKET Century 21, the largest real estate organisation in the Asia Pacific region, believes that today’s decision by the Reserve Bank of Australia (RBA) to lower the … Continue reading
Double Rate Cut Has Been Confirmed!
DOUBLE RATE CUT HAS BEEN CONFIRMED! The Reserve Bank of Australia today decided on a double rate cut (50 basis points) lowering the RBA’s cash rate target to 3.75 percent from 4.25 percent which will equal a substantial saving in … Continue reading
Mortgage hunger returning for first time since 2009
Mortgage demand has seen its first increase in eight quarters, leading an analyst to predict house price recovery is not far behind. The Veda Quarterly Consumer Credit Demand Index has shown the first increase in mortgage enquiries since 2009. Enquiries … Continue reading
