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Category Archives: Home loans
Economic outlook under scrutiny
We start a week leading up to the Federal Budget with the economic outlook and interest rates under scrutiny, and a cloudy world outlook as France elects a socialist leader and the result of the Greek elections is awaited. The … Continue reading
BOQ reduces rates by 0.35%
BOQ announces a reduction in home loan rates by 0.35%, keeping 0.15% of the RBA reduction, from May 11. “The Bank of Queensland this evening said it will lower its standard variable home loan rate by 35 basis points to … Continue reading
Rate cut will have a positive effect on housing
With the RBA cutting rates 0.5% yesterday, a lot of commentary in the news today is about whether this will spur people to enter the housing market again, or whether confidence is too low. The related issue is the extent … Continue reading
Posted in Australian real estate, Home loans, Housing, Interest rates
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Reserve Bank cuts interest rates 0.50%
In a surprise move, the Reserve Bank has cut interest rates by 0.50%, exceeding market expectations of a 0.25% cut, citing an economy that is moving slower than trend, and a significant fall in inflation (1.6%) which is raising the … Continue reading
House price outlook
Most housing markets are stabilising with a steady outlook for 2012, but the outlook for one or more cuts in interest rates will probably put some life back into the markets, with some modest price rises in main capital city … Continue reading
End of a year, thankfully
So we end the year, at a point not much different to this time last year. 2011 was supposed to be a quiet year in economic terms, when nice predictable growth resumed and problems faded, whereas it turned out totally … Continue reading
Australian house prices in 2012?
We’ve seen a raft of house price predictions in the press for 2012, from the bullish BIS Shrapnel to the bearish Prof. Keen and I’ve summarised these below. For the record, Propell is anticipating that house prices will stabilise in … Continue reading
Are bank funding costs increasing?
Gail Kelly, Westpac, warns that increased funding costs in 2012 may affect bank rates. This seems to be code for: the Reserve Bank will need to lower rates to offset rises offshore, just to keep mortgage rates at their current … Continue reading
Mortgage delinquencies down
The level of mortgage arrears fell in the September quarter according to Fitch, and with two interest rate cuts since then, the situation is likely to improve. See http://www.news.com.au/money/property/mortgage-arrears-to-fall-with-rate-cuts/story-e6frfmd0-1226220909610
Posted in Australian real estate, Home loans, Housing
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Home loan numbers up
The number of loans for owner occupied dwellings increased in October +0.7% (s.a.) to 51,981 loans, the highest number since Dec 2009 and +6.25% yoy. Although the number of loans was up, the value of owner occupied housing commitments was … Continue reading
Posted in Australian real estate, Home loans, Housing
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