archive-au.com » AU » F » FORMULA1FINANCE.COM.AU

Total: 351

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • PPI won't curb rate rise: economists « Formula 1 Finance Formula 1 Finance
    the June quarter for a year on year rate of 3 4 per cent The ABS data showed at the intermediate stage in the June quarter the PPI rose 0 9 per cent while at the preliminary stage it rose 1 5 per cent Over the year to June at the intermediate stage the PPI rose 0 6 per cent and at the preliminary stage it rose 1 2 per cent The current cash rate is 4 5 per cent following a series of rises by the RBA board between October last year and May 2010 A 25 basis point rate rise following the board s August 3 meeting will add about 50 a month to monthly repayments on a 25 year 300 000 mortgage National Australia Bank senior economist David de Garis said that because the PPI was below market forecast it could provide some comfort to the central bank Perhaps there is not quite as much inflation coming through at least at the producers and manufacturing level Mr de Garis said Obviously that doesn t cover quite a lot of the services industries from the consumer point of view but it is not as high as expected That is some mild comfort for the Reserve Bank going into next week Mr de Garis said the RBA s focus was on consumer inflation data due on Wednesday for its guidance on monetary policy We did not see an overt acceleration in this quarter at least he said I don t know if it would swing the case one way or the other Obviously a lot will turn on whether this CPI on Wednesday means the Reserve Bank will revisit its inflation forecasts The ABS is to release the June quarter consumer price index CPI on Wednesday July 28 at

    Original URL path: http://www.formula1finance.com.au/finance-news/ppi-wont-curb-rate-rise-economists/ (2014-01-04)
    Open archived version from archive


  • Reserve Bank tipped to show mercy « Formula 1 Finance Formula 1 Finance
    cent decline in March as potential borrowers are repelled by a string of recent interest rate rises Rate increases since October have also battered consumer sentiment The Westpac Melbourne Institute barometer of confidence fell by seven per cent in May and could take another slide again in June as consumers respond to turmoil on global share markets On a brighter front Australia s jobs scene is expected to some gradual improvement The experts are expecting official labour market data for May due out on Thursday to show the jobless rate holding steady at 5 4 per cent as 20 000 jobs are created Continuing growth in the jobs market would contribute to a very gradual drop in the unemployment rate Westpac economists said The ANZ series on newspaper and internet job advertisements for May due out early in the week will provide clues on the hiring activity of employers The National Australia Bank s business confidence measure regarded as a leading indicator of economic activity has been volatile in recent months Another weak reading for May could encourage the RBA to leave rates on hold for several more months Treasurer Wayne Swan who is in South Korea of the Group of 20 meeting of finance ministers said there were still risks in global financial markets stemming the European debt crisis It is so important that my G20 colleagues and I continue to work together to secure strong sustainable and balanced growth he said in an economic note Mr Swan will fly to Beijing on Sunday to meet with Chinese government leaders SOURCE Stephen Johnson Sydney Morning Herald 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

    Original URL path: http://www.formula1finance.com.au/finance-news/reserve-bank-tipped-to-show-mercy/ (2014-01-04)
    Open archived version from archive

  • Take Some Risk Off The Table Formula 1 Finance
    fall into the 2 s a feat which could not be achieved even during the Global Financial Crisis In that regard let me repeat that businesses should focus on risk management rather than fine tuning interest rate forecasts Leave that to the markets and the economists 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 November 18 2011 Budget Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off 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

    Original URL path: http://www.formula1finance.com.au/finance-news/take-some-risk-off-the-table/ (2014-01-04)
    Open archived version from archive

  • 0.75% Interest Rate Reduction by September 2012 Formula 1 Finance
    levels of August 8 Markets are now predicting that the Reserve Bank s cash rate will be lowered to around 3 from its current 4 5 That 3 was the low point in the last rate cut cycle during the Global Financial Crisis Westpac s chief economist Bill Evans sees the European model as badly flawed and expects it will eventually unravel amid rolling financial crises But markets probably need even more dire consequences including outright bank failures to justify their expectation that the low point in the cash rate cycle will be back to 3 again For property owners lets hope that Bill s prediction is correct and bring on the interest rate cuts Hopefully these cuts will get our housing market going again 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 November 17 2011 Enconomy Finance News Financial goals House prices Interest rate Wealth Comments Off 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 19 20 21

    Original URL path: http://www.formula1finance.com.au/finance-news/0-75-interest-rate-reduction-by-september-2012/ (2014-01-04)
    Open archived version from archive

  • Govt releases budget to mixed reviews « Formula 1 Finance Formula 1 Finance
    The Housing Industry Association HIA said the federal government s decision to sensibly avoid the usual temptation of pre election big spending commitments was a step in the right direction and provides a plan for economic recovery But while the government s main initiatives have been widely applauded the HIA said the budget contained little to address Australia s chronic housing shortage and worsening affordability Unfortunately the budget fails to deliver measures to alleviate Australia s chronic housing shortage HIA managing director Shane Goodwin said The Federal Government s own Housing Supply Council estimates Australia s housing shortage at nearly 200 000 in 2010 and projects that shortage to double over the next 10 years Australia s housing pipeline remains clogged by exorbitant infrastructure costs planning delays and slow land release Until these bottlenecks are removed many Australian families will remain locked out of home ownership as house prices and rents push ever higher While the federal government did place an emphasis on infrastructure funding in its budget announcing a 10 year 5 6 billion infrastructure fund Mr Goodwin said housing infrastructure costs have not been addressed The dramatic escalation of the housing shortage necessitates the ramping up of the federal government s Housing Affordability Fund HAF beyond the current 512 million previously allocated over a 5 year period Mr Goodwin said 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 May 12 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

    Original URL path: http://www.formula1finance.com.au/finance-news/govt-releases-budget-to-mixed-reviews/ (2014-01-04)
    Open archived version from archive

  • Inflation rise could force RBA's hand « Formula 1 Finance Formula 1 Finance
    decide to raise rates next week it will be the third time the bank has lifted the official cash rate this year Bankwest s chief economist Alan Langford said the latest CPI results teamed with the ongoing ramifications of Greece s sovereign debt travails complicate an already conflicting set of signals the RBA must interpret before Tuesday If doubts about Greece s capacity to finance its deficit causes the RBA to hold fire next week it will be only a brief reprieve for mortgage holders Mr Langford said Unless of course problems in the euro economies spill across the Atlantic and escalate into a new financial crisis in which case concerns about inflation will be put to one side even by the RBA But as recently as this month s RBA Board meeting which raised the cash rate to 4 25 per cent the central bank was downplaying the risk of contagion from Greece So unless a steep pull back in share prices triggers significant erosion in household wealth the RBA is likely to continue raising the cash rate towards 5 per cent by the end of this year and probably beyond that level next year as commodity prices recover quickly from the global financial crisis 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 April 29 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

    Original URL path: http://www.formula1finance.com.au/finance-news/inflation-rise-could-force-rbas-hand/ (2014-01-04)
    Open archived version from archive

  • Home Loan Rate rises tipped as resources boom « Formula 1 Finance Formula 1 Finance
    and iron ore won in the last month or two do mean that Australian incomes are about to surge in a way that we haven t seen since 2007 he said In fact in many ways towards the end of this year and 2011 will be very familiar It will be deja vu all over again As particular commodity prices coal and iron ore take off again that pushes the exchange rate It will drive interest rates up further and perhaps they will go beyond the normal that people have been expecting Mr Richardson also tips unemployment will fall below 5 per cent NSW recovering The Access Economics report says the New South Wales economy is showing signs of a genuine recovery but may not be entirely out of the woods It points to growth in housing activity retail spending and a strengthening jobs market but warns rising interest rates and a weak commercial construction sector could cause economic headwinds New South Wales Treasurer Eric Roozendaal says he is confident of sustained growth All the strong indicators retail sales construction activity housing sector new cars we are seeing all the green shoots of recovery that we ve talked about he said I believe New South Wales will lead the nation through the recovery stage post the global financial crisis SOURCE ABC News 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 April 28 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

    Original URL path: http://www.formula1finance.com.au/finance-news/home-loan-rate-rises-tipped-as-resources-boom/ (2014-01-04)
    Open archived version from archive

  • Credit growth moderate despite consumer confidence « Formula 1 Finance Formula 1 Finance
    a look at the average credit card balance it does seem as though there is a bit more confidence creeping in Mr James said The balances are starting to rise on a smooth basis on a 12 month average but consumers are still very cautious However the spending growth of using debit cards was exceeding that of credit cards Mr James said People are still more inclined to use their own money to make purchases rather than put it on credit he said Datamonitor senior analyst Harry Senlitonga said usage of debit scheme cards has risen over 30 per cent in the past 12 months compared to 6 69 per cent for credit cards Debit scheme cards give consumers the best of both worlds accessibility of a credit card and they allow the consumer to use their own money Mr Senlitonga said When it comes to choosing which cards to use it is clear that Australians choose to use their own money debit scheme card or EFTPOS rather than borrowing credit card Mr James said consumer behaviour in paying for goods and services has had a dramatic change since the onset of the the global financial crisis in late 2008 When you go back a couple of years ago the regular stories were we were living beyond our means he said We were racking it all on credit SOURCE aap 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 April 20 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses

    Original URL path: http://www.formula1finance.com.au/finance-news/credit-growth-moderate-despite-consumer-confidence/ (2014-01-04)
    Open archived version from archive