Category Archives: Banks

RBA holds interest rate on Melbourne Cup Day

This is the first time in 6 years that the RBA has not moved interest rates in Australia on Melbourne Cup Day. The Reserve Bank of Australia today decided to hold the official cash rate at 3.25 per cent– a … Continue reading

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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

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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

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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

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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

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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

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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

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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

Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Century 21, Century 21 Port Douglas, Far North Queensland, Interest Rates Australia, Mortgage Arears, Mortgage Arrears, Mortgage Sales, Mortgages, Property Investor, Property Port Douglas, Property Tips, Property Values, Propety Prices, Queensland, RBA, Real Estate, REIA | Tagged , , , , , , | Leave a comment

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

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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

Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Interest Rates Australia, Port Douglas, Property, Property Investor, Property Tips, Property Values, Propety Prices, Queensland, RBA, Real Estate | Tagged , , , , , , | Leave a comment
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