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  • Banks pounce on interest rate hike « Formula 1 Finance Formula 1 Finance
    statement This represents a significant adjustment from the very expansionary settings reached a year ago However Mr Stevens warned Australia s terms of trade are rising by more than expected and this year will probably regain the peak seen in 2008 This will add to incomes and foster a build up in investment in the resources sector he said Under these conditions output growth over the year ahead is likely to exceed that seen last year even though the effects of earlier expansionary policy measures will be diminishing The Reserve Bank has previously said its aim in the short term was to get rates back to average to match Australia s current level of economic growth The Australian dollar fell slightly after the announcement on speculation the Reserve Bank may now pause before its next rate rise Tough for families Federal Treasurer Wayne Swan says today s rate rise is tough for families and small businesses Unfortunately this is one of the difficult consequences of an economy that is recovering better than other advanced economies but as the Reserve Bank itself has observed today rates are returning to more normal levels he said He says mortgage holders should remember that rates are still significantly lower than they were at their peak Mr Swan says the RBA s decision does not put further pressure on him to deliver a tight budget next Tuesday saying it will be a no frills budget The Federal Opposition says the Government has failed to keep interest rates down Opposition treasury spokesman Joe Hockey says the interest rate rise makes life more expensive and difficult for families For everyday Australians this is the head high tackle they did not deserve Mr Hockey said Mr Hockey says the Government has also failed to stop the banks from increasing their interest rates by more than just the cash rate We ve seen increases in interest rates in recent months Those increases haven t stopped the price of real estate going up yet Kevin Rudd promised the Australian people faithfully that he would make housing more affordable This is another policy failure Mr Hockey said Wayne Swan can huff and puff and try and blow the banks down but he fails every time because the banks are putting up interest rates by more than the cash rate margin Business pain Business groups say the interest rate rise takes rates above average levels and may damage the economic recovery The RBA says its move to raise interest rates to 4 5 per cent takes most lending rates back to average levels but the Australian Industry Group and Housing Industry Association argue interest rates on many business loans are above average Chamber of Commerce and Industry spokesman Greg Evans says the rate rise will cause difficulty for businesses and he called on the Reserve Bank to put rates on hold We have households now facing mortgages of 7 per cent plus we have small businesses facing overdraft levels of 10 per

    Original URL path: http://www.formula1finance.com.au/finance-news/banks-pounce-on-interest-rate-hike/ (2014-01-04)
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  • HOUSING is the biggest market in Australia and a house is the single largest purchase a person is likely to make in a lifetime. « Formula 1 Finance Formula 1 Finance
    peers with valuations rocketing by 12 to 14 per cent depending on which estimate you believe One of the fundamental problems with most of this analysis is that it relies on a median calculation of prices Relying on median rather than average methodology can distort the outcome We will take a look at this subject later in the week Whereas housing markets in the United States and Britain lost 40 per cent of value from their 2007 peaks and are only now tentatively recovering the Australian market appears only to have dipped slightly in 2008 the pain was contained to the top end before shooting up again in the past 12 months Why so Clearly Australia s emerging status as a proxy for the resounding growth of China our fortuitous mineral wealth and consequent economic stability can account for much of this performance So can our concentrated and relatively robust banking sector where balance sheets barely felt the ravages of their global peers But the banks have changed their attitude Where they used to push 100 per cent loan to valuation ratios LVRs now they lend 80 per cent over the value of the asset before demanding a swag of fees usually labelled lenders mortgage insurance Their approach to risk has changed The banks are more cautious a 20 per cent deposit is required Valuations are tighter too Are we now at an inflection point in the great Australian property market Loan approvals have fallen for five months in a row while auction clearance rates are high and prices appear to be ticking ever higher People are talking bubble Can prices continue to rise while the rate of credit to the housing sector has been falling SOURCE Michael West The Age Brett Colley 365 Posts Brett has been involved in

    Original URL path: http://www.formula1finance.com.au/finance-news/housing-is-the-biggest-market-in-australia-and-a-house-is-the-single-largest-purchase-a-person-is-likely-to-make-in-a-lifetime/ (2014-01-04)
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  • Queensland growth stronger Formula 1 Finance
    new complexes and there are some great examples of TODs in areas of North America Hong Kong and France TODs will become more popular with increased workforce growth and a rise in international student numbers in the CBD as they allow easy access to public transport and cut out the traffic The best area for investors as those that have good walkability There is a great deal of opportunity for developers to start capitalising on the demand building smaller more sustainable properties that will meet the needs of the new workforce Australian Housing Outlook 2012 2015 was not as positive about the Brisbane market s public sector but does note that growth is to be expected on the back of decent economic activity The median house price is set to initially increase by a forecast 5 per cent over the year to June 2013 to 450 000 However this is attributed to private sector employment flowing from strong rises in mining investment A 19 per cent rise is expected over the three year period to June 2015 The report explains that with the current lower interest rates and growing upgrader and first timer demand investors are expected to return to the market in larger numbers to capitalise on rental growth and the prospect for future capital gain Hundreds of new jobs are expected through employers such as Qantas whose multi million dollar anouncement from CEO Alan Joyce yesterday Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On October 22 2012 Budget Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off

    Original URL path: http://www.formula1finance.com.au/finance-news/housing-availability-continues-to-fall/ (2014-01-04)
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  • House Prices Continue to Surge « Formula 1 Finance Formula 1 Finance
    6 per cent over the last 30 years and 3 2 per cent over the last decade If you look at the information produced by RP Data there have been some periods where growth rates have well and truly eclipsed this average rate of growth and periods where prices have well and truly underperformed The information shows one of the weakest periods for Australian house prices over the five years from 1990 to 1995 the median house price across Australia increased by just 2 8 per cent per annum This was mainly due to the recession and interest rates at very high levels On the other side the most spectacular five year run was recorded during the boom which ran from 2001 03 around most areas of Australia Despite a slowing in growth rates between 2004 05 the five year period ending July 2005 saw average house price growth of 13 9 per cent per annum I think going forward property owners should find some comfort in the fact Australia still has a shortage of property so this should continue to drive prices Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On September 20 2010 House prices Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals

    Original URL path: http://www.formula1finance.com.au/house-prices/house-prices-continue-to-surge/ (2014-01-04)
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  • Coastal property prices surge « Formula 1 Finance Formula 1 Finance
    said when looking at house rentals capital city markets have been characterised by easing rental rates during the last six to nine months But whilst capital city rents have eased most of the coastal markets have recorded increases in rental rates Mr Kusher said According to Mr Kusher the largest increases in coastal median house prices were recorded in the Greater Geelong area Port Lincoln and Newcastle Source The Adviser Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On March 5 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest

    Original URL path: http://www.formula1finance.com.au/finance-news/coastal-property-prices-surge/ (2014-01-04)
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  • Median house price to top $1m in 10 yrs « Formula 1 Finance Formula 1 Finance
    the past couple of years this level of growth has fallen to approximately 6 5 to 7 per cent Mr Edwards told Mortgage Business But even if we calculate what the median house price would be at the end of the decade based on this lower growth rate we should still see properties in the inner city top 1 million before 2019 Mr Edwards said a one million price tag on a Sydney property would force a lot of Australians to rent because they simply would not be able to afford a house in the inner city Blue collar workers would be pushed out of the bottom end of the market and into rental property Those employed in lower middle management would be forced to move into cheaper homes while middle and upper management would buy typical housing stock he said However it is not just Sydney dwellers that would be faced with unaffordable homes Melbourne is currently 10 years behind Sydney however it is gaining on the city fast I expect by 2019 Melbourne will only be five years behind Sydney in terms of house prices Source Mortgage Business Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On January 15 2010 Finance News Leave a comment Leave a Reply Click here to cancel reply You must be logged in to post a comment Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on

    Original URL path: http://www.formula1finance.com.au/finance-news/median-house-price-to-top-1m-in-10-yrs/ (2014-01-04)
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  • interest rates on hold Formula 1 Finance
    hold at 4 75 per cent after lifting it 25 basis points last month The RBA will be much more focused on wage pressures fuelling inflation rather than house prices moving into the New Year Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On December 7 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest rate Rental Growth Stamp Duty Technology Wealth January 2014 M T W T F S S Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

    Original URL path: http://www.formula1finance.com.au/finance-news/rates-on-hold/ (2014-01-04)
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  • house price Archives « Page 3 of 3 « Formula 1 Finance Formula 1 Finance
    Shane Oliver said robust building approvals and house prices suggest more interest rate hikes are on the way I was thinking Read more Back to Top Residential Construction Outlook Low rates and stimulus to boost construction On January 6 2010 Finance News Leave a comment Residential construction turns on low mortgage rates high demand and First Home Owners Boost Public and private sector residential commencements expected to rise strongly over next two years Population growth of 2 1 or 443k in the year to June 2009 continues to lift housing demand Residential construction Read more Back to Top Page 3 of 3 1 2 3 Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest rate Rental Growth Stamp Duty Technology Wealth January 2014 M T W T F S S Dec 1 2 3 4 5 6

    Original URL path: http://www.formula1finance.com.au/tag/house-price/page/3/ (2014-01-04)
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