Category Archives: Interest rates

NAB funding costs fall

In good news to borrowers NAB today reported the successful placement of new 10 year bonds at an average rate that was 0.35% below what was anticipated. This indicates that, in spite of the difficulties in the global wholesale funds … Continue reading

Posted in Australian economy, Interest rates | Leave a comment

Markets down on Greece worries

A sharp fall in the stock market this morning as investors lose confidence and are concerned about the future. The impact of a Greek default, Euro exit and implications for European and world growth are the factors. We don’t know … Continue reading

Posted in Australian economy, Residential house prices, World economics, Europe, Greece, Interest rates | Leave a comment

Reality TV: it’s the Euro show again

So, after a break, Europe is hitting the headlines again as the debate about Greece leaving the Euro, and even the EU, intensifies. Without an elected government, Greece cannot ratify the IMF conditions, and seems to have less will to … Continue reading

Posted in Real estate and economics, Australian economy, World economics, Europe, Greece, Interest rates | Leave a comment

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

Posted in Real estate and economics, Australian economy, Reserve Bank, Australian real estate, Home loans, Housing, Residential house prices, World economics, Europe, Greece, Interest rates | Leave a comment

Bank mortgage rates

Following the 50 basis point cut by the RBA, the banks are gradually announcing their revised rates, and as expected, they are not passing the reduction on in full. NAB have announced a 32 basis point cut. CBA have announced … Continue reading

Posted in Australian economy, Interest rates | Leave a comment

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

Posted in Australian real estate, Home loans, Interest rates | Leave a comment

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 | Leave a comment

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

Posted in Real estate and economics, Australian economy, Reserve Bank, Home loans, Interest rates | Leave a comment

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

Posted in Australian economy, Australian real estate, Home loans, Interest rates | Leave a comment

Stand by for an interest rate cut

It’s an odds-on favorite that we’ll get a cut in interest rate cuts next week. Or to be specific, that the Reserve Bank will cut interest rates by 0.25% – whether the banks pass that on, in full, is another … Continue reading

Posted in Australian economy, Reserve Bank, Interest rates | Leave a comment