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Moody’s Downgrades The Big Four Banks – What Does This Mean For Property Investors?
The four major banks ANZ, CBA, NAB and Westpac’s credit ratings have been recently downgraded by Moody’s, a large US firm that advisor’s investors, due to perceived risks in the Australian housing market. Moody’s has cut all four major Australian … Continue reading
How much good news for property investors?
2012 looks to be a positive year for property, however the question is by how much? There are a lot of different reports and articles flowing through telling us that property prices are finally on the way up, and further … Continue reading
Forget interest rate rises
For anyone stressed out at the impact of the Reserve Bank’s interest rate policy on their material life or their business, there are mounting stories that suggest talk of three interest rate rises this year should be erased from the … Continue reading
Inflation pressure to force RBA’s hand
The RBA is widely expected to lift the official cash rate 25 basis points when it meets next Tuesday. According to HSBC economist Paul Bloxham, the Australian economy is now back to growing at around trend, with business surveys suggesting … Continue reading
RBA leaves rates unchanged
The Reserve Bank of Australia has decided to keep the official cash rate on hold at 4.5 per cent for the fourth consecutive month. Uncertainty surrounding the global economic outlook, consumer spending and Australia’s political situation forced the Board to … Continue reading
Borrowers turn to brokers to refinance
When it comes to refinancing, almost half of borrowers turn to a mortgage broker for advice, the latest research shows. According to Mortgage Choice’s 2010 Refinancers Survey almost half (45 per cent) of the 1,028 respondents surveyed said they had … Continue reading
Overseas debt problems plague Oz
The debt crisis in Greece, Italy, Ireland and UK could increase borrowing costs for Australia’s banks. While the global financial crisis forced Australia’s banks to reduce their dependence on international market for financing, some 40 per cent of their funding requirements are still … Continue reading
All to lose in RBA rates game: housing
Source: The Australian, Frank Gelber – Economist WE need to build more housing. A lot more. And we will, but we probably won’t build enough. There is a severe shortage of stock and that will mean rising prices. The question … Continue reading
Big Two Sweep the Market
Commonwealth Bank and Westpac have combined to take 80% of credit growth over the six months from March to October 2009. During this period, credit growth had slowed to its lowest level since 1992. Our domestic banks wrote $53bn of … Continue reading
Interest Rate Increases – Where will it end?
Last weeks decision by the Reserve Bank to raise interest rates by a further 25 basis points has been met with mixed reaction. First Home buyers and low income households will feel the pinch the most while other parts of the … Continue reading