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RBA cash rate at new record low of 2.75%!

By Lee Naismith On May 7, 2013 · Add Comment

The Reserve Bank moved into new territory today with the board deciding to cut the official cash rate 25bps to an all-time low of 2.75%

Rates have been on hold for three months with the last cut of 0.25% in December last year.

A recent AAP survey of economists found none expected the RBA to [...]

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Interest Rate Announcement – April RBA

By Lee Naismith On April 2, 2013 · Add Comment

At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent.

The RBA is watching Europe’s economy closely, China is stabilising and recent data is showing positive signs for the property market. So it’s no surprise this is the third consecutive month of steady interest rate setting by the Reserve Bank.

[...]
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How to know when is the best time to fix your interest rate

By Lee Naismith On March 20, 2013 · Add Comment

I have been flooded with phone calls and emails asking me if the best time to fix my interest rate is now.

Fixed rates are very attractive at the moment and with most of the fixed rates lower than the current variable rates it certainly does make good sense to seriously consider a fixed [...]

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Cash Rate Reduction 0.25% for Dec 2012

By Lee Naismith On December 4, 2012 · Add Comment

Global growth is forecast to be a little below average for a time. Risks to the outlook are still seen to be on the downside, largely as a result of the situation in Europe, though the uncertainty over the course of US fiscal policy is also weighing on sentiment at present. Recent data suggest that [...]

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Lenders say they can’t pass on RBA’s rate cut

By Lee Naismith On October 9, 2012 · 2 Comments

We all welcome the rate cut decision from the RBA after months of no movement and one would think that movement would filter down to your home loan but the big banks insist they can’t afford to pass on the Reserve Bank’s interest rate cut, and mortgage holders are increasingly likely to respond by switching [...]

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Interest Rate Announcement – October RBA

By Lee Naismith On October 2, 2012 · Add Comment

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 3.25 per cent, effective 3 October 2012.

At today’s meeting, the Board judged that, on the back of international developments, the growth outlook for next year looked a little weaker, while inflation was expected to be consistent with the target. [...]

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December 2011 RBA Announcement

By Lee Naismith On December 6, 2011 · Add Comment

At its meeting today, the Board decided to lower the cash rate to 4.25 per cent, effective 7 December 2011.

A Statement by Glenn Stevens, Governor or the Reserve Bank of Australia indicated growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as [...]

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rates

RBA Announcement

By Lee Naismith On November 1, 2011 · Add Comment

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent, effective 2 November 2011.

This rate cut may provide a boost to the property market, which has slowed in most parts of Australia. It could also improve the consumer confidence of potential home buyers.

A [...]

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RBA Interest Rate Announcement

By Lee Naismith On October 4, 2011 · Add Comment

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

A Statement by Glenn Stevens claimed Conditions in global financial markets have continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe, and the outlook for [...]

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Banks Cut Fixed Rates

By Lee Naismith On August 31, 2011 · 1 Comment

As global economic conditions have deteriorated, short-term fixed rate opportunities have become more attractive. It’s amazing what a month can do to the mortgage market. As lenders start to drop their fixed rates the whispers start “time to fix some or all of the mortgage”, so lets look at what is on offer and [...]

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RBA Interest Rate Annoucement

By Lee Naismith On August 2, 2011 · Add Comment

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

The move comes as no surprise as consumers become cautious and are spending less and saving more.  There was talk of an increase as inflation came in higher than expected last week but with all the global uncertainty [...]

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Mortgage & Property Research Update

By Lee Naismith On July 19, 2011 · Add Comment

Welcome our first online Rate & Property watch report; giving you a quick snapshot of the mortgage and Property market today. As a full service Mortgage Broker, our role is not only helping you make the most informed mortgage decisions possible but also helping make you aware of a variety of issues that can affect [...]

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RBA interest rate announcement

By Lee Naismith On July 5, 2011 · Add Comment

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Mortgage holders breath a sigh of relief today as it seems the RBA have listened to the collective voice of most Australians.

In a statement by the governor of the RBA Glenn Stevens; The global economy is continuing [...]

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National Rental Affordability Scheme – What does it mean for investors?

By Lee Naismith On June 28, 2011 · 1 Comment

The National Rental affordability Scheme (NRAS) was introduced by the Australian Government to provide property investors with an incentive to build new affordable rental housing.

Because NRAS aims to encourage large-scale investment in affordable housing, NRAS Incentives cannot be applied for by small-scale, individual investors.Instead, individuals who are interested in purchasing just one or [...]

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$10,000 Giveaway – QLD Government has announced

By Lee Naismith On June 16, 2011 · 45 Comments

The Queensland Governernment has announced that they will provide a $10,000 grant for new homes being built – and you don’t have to be a First Home Buyer

Queensland Building Boost Grant – Available from the 1st August 2011 to 31st January 2012

Not just for first home buyers – applies to anyone buying or [...]

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Lender Rates

RBA Interest Rate Announcement

By Lee Naismith On May 3, 2011 · Add Comment

Announcement

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Great news for mortgage holders again today – the Reserve Bank has opted to keep rates on hold where it has been since November last year.

In a Statement by Glenn Stevens, Governor of the RBA; The global [...]

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Warning Scams!

By Lee Naismith On May 3, 2011 · Add Comment
Unsolicited E-mails and Phone Calls

The Reserve Bank of Australia is warning the public to be aware of unsolicited e-mails and phone calls purportedly from the Bank. The Bank is aware of an increased number of scams using details of the Bank.

Scammers often use details of the Bank to make their scams seem more [...]

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rates

RBA Interest Rate

By Lee Naismith On April 6, 2011 · Add Comment

Announcement

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Great news for mortgage holders on Tuesday – the Reserve Bank has opted to keep rates on hold where it has been since November last year.

And it appears the credit market is pricing in about one 1/4 [...]

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SPECIAL REPORT: Get Rid of Debt and stay Debt-Free for Life!

By Lee Naismith On September 14, 2010 · 1 Comment

I hate debt! I’ll bet you do too. Why wouldn’t you? You know that debt brings with it a heavy burden that includes not only financial problems but emotional burdens, psychological and physical stress, family problems and a diminished ability to enjoy life. Getting out of debt feels great! It adds a whole new dimension [...]

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Is this the start of the no deposit loans again?

By Lee Naismith On August 19, 2010 · Add Comment
Low deposit home loans

Low deposit, when is it going to No deposit? back in the good old days pre GFC a big portion of our loans we wrote were No deposit as first home owners were trying to get into the market then we had a melt down in the financial markets overseas and [...]

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  • RBA cash rate at new record low of 2.75%!
  • Interest Rate Announcement – April RBA
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  • Lenders say they can’t pass on RBA’s rate cut
  • Interest Rate Announcement – October RBA
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