If you were getting sick and tired of the constant chatter about a looming rates increase (let alone the carbon tax introduction), here's a welcome change of tune. Westpac's chief economist Bill Evans believes we're not in for a rise but rather a rates cut. Even better: in his opinion there may be no less than four rate cuts, after which we'll go to a steady rates situation.
Wednesday, June 29th, 2011
Another Battle In The Lending WarOn Valentine Day this year, NAB started a fierce war between banks with the lender as the prize and Westpac as the first target, by paying that bank's exit fees for whoever wanted to defect. Now Commonwealth Bank, with $250 billion worth of lenders on the books, has decided to cut the interest rate [...]
Tuesday, June 7th, 2011
Reserve Bank Interest Rate AnnouncementThe Reserve Bank has opted to keep rates on hold at 4.75 per cent. The move comes on the back of recent figures showing Australia's economy shrank in the first three months of this year, due to the catastrophic Queensland floods. Economists are still tipping a rate rise this year, but not until [...]
Friday, June 3rd, 2011
Best Property Buys Are Done QuietlyThe Sydney property market is in a typical “lull before the spring storm” time. You may have noticed a shortage of homes on the market. I just did a 10,000 letter box drop for another client around Mosman and got a great response, which shows an interesting trend: Sellers don’t want to go into [...]
Thursday, April 28th, 2011
Why You Need To Buy A Property – NowWhen Will You Buy Your Nest Egg? People have the most diverse reasons to buy property. They want to have a home of their own, save on accommodation costs or invest and build wealth. These days one reason may prevail above all the others: to purchase the golden super egg. Particularly with the latest [...]
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