Housing commentators have warned that more rate rises are to come after the central bank increased the cash rate on Tuesday .
And if banks pass on the full rise, homeowners can expect to pay an extra $47 each month on an average $300,000 mortgage, they say.
The Reserve Bank of Australia (RBA) [...]

Two things stand out in the Reserve Bank of Australia’s (RBA) announcement of a rise in interest rates.
First, there are more to come.
And second, their timing is anyone’s guess.
Tuesday’s increase brought the cash rate to 4.0 per cent from 3.75 per cent.
It was given only a two-in-three [...]

The Reserve Bank of Australia’s (RBA) decision to lift its key interest rate again is an “unwelcome headache” for business, a business lobby group says.
The RBA raised the cash rate by 25 basis points to 4.0 per cent after Tuesday’s monthly board meeting, a move expected by a majority of economists.
Australian [...]

The last two of the big four banks have stepped into line with their peers and matched the interest rate rise by the Reserve Bank of Australia (RBA).
Both National Australia Bank Ltd (NAB) and Westpac Banking Corp announced on Wednesday they would lift their standard variable rate on home loans by the same [...]

Australasia’s largest real estate and property group, Ray White, has recorded its best ever February residential sales result in Victoria.
Ray White Victorian General Manager Marcus Williams said preliminary statewide sales figures for February totalled in excess of $350 million – a 58 per cent increase on sales for the corresponding month in 2009.

Wealth Today’s cut-through strategy to assist everyday Australians in terminating their mortgages while building wealth under appropriate protection, is simple, logical and proving a winning approach to business as the company makes its fifth state wide launch this month, into South Australia.
The company attracted another seven franchisees in January, exceeding projections and taking [...]

The federal government has decided Australia’s banks can survive on their own without taxpayer-funded guarantees.
Deposits of more than $1 million will no longer be guaranteed from the end of March, although bank accounts with less than $1 million will continue to be underwritten until late 2011.
The government is also phasing out [...]

The Reserve Bank of Australia (RBA) has confirmed an on-target inflation outlook allowed it to postpone an interest rate rise on Tuesday, but a postponement is not the same as a cancellation.
Borrowers should be aware of the basis for the benign inflation outlook forecast in the RBA’s quarterly Statement on Monetary Policy released [...]

The central bank will have to raise the cash rate above 4.5 per cent this year, but there is no indication when the first increase will occur, economists say.
The Reserve Bank of Australia (RBA) this week surprised financial markets by leaving its key cash interest rate unchanged at 3.75 per cent.
It [...]

Federal Treasurer Wayne Swan has accused the opposition of voodoo economics, saying its credibility on the subject is a “smoking ruin”.
His comments came after the Reserve Bank predicted on Friday that the Australian economy would grow by 3.25 per cent in 2010, and by 3.5 per cent next year.
“I welcome these [...]

Demand for home loans dived in January after three official interest rate increases and the removal of the federal government’s generous first homeowners’ grant, a mortgage broker says.
Loan Market Group says its home loan approvals have dropped by 40 per cent from a peak in 2009 after the company recorded its quietest month [...]

First home buyers will find it harder to get a foothold in the residential property market this year as supply dwindles and interest rates begin to bite, analysts say.
Interest rates are still expected to increase by at least one percent point this year, despite this week’s pause by the central bank, economists say.

One of Australia’s most respected economists has joined a call for more affordable housing in the nation’s fastest-growing regions.
Former ANZ chief economist Saul Eslake has told an affordable housing forum at Bond University on the Gold Coast the task of finding a home they can afford is about to get even tougher for [...]