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  • RBA Rates On Hold Formula 1 Finance
    spring The cash rate moving only 25 basis points in six months and 175 basis points in nearly five years has been great for consumers looking for interest rate stability RP Data national research director Tim Lawless said the interest rate setting is currently providing an appropriate level of stimulus Not only are home values up by 8 7 per cent since the recovery trend kicked off in June last year there has also been a sharp improvement in the level of credit demand for new housing Based on ABS Australian Bureau of Statistics housing finance commitments data the number of mortgage commitments for new housing has risen by more than 50 per cent over the 12 months to July this year Despite a robust property market trending upwards there are a number of indicators still slowing the economy down which could cause a rate cut in the near future If retail and construction don t step up to the plate we could see another rate drop as early as November and perhaps again in early next year which is great news for homeowners 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 1 2013 Budget Enconomy Finance News House prices 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

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-rates-hold/ (2014-01-04)
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  • Pocket World In Figures: 2013 « Formula 1 Finance Formula 1 Finance
    it is a mine of fascinating data that will both inform and entertain Where else would you discover that The G7 economies account for nearly 40 per cent of the world s GDP but only 11 per cent of it population National income per head in Luxembourg is over 105 000 in Burundi it is 160 Three of the world s five most liveable cities are in Canada four of the top ten are in Australia Between them overseas Indians and Chinese send close to 100 billion home a year It comes with rankings on more than 200 topics data on more than 180 countries detailed profiles of more than 65 of the world s major economies and special profiles on the Euro zone and the world The Economist Pocket World in Figures is always eagerly awaited by its many thousands of fans 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 14 2013 Budget Finance News House prices 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

    Original URL path: http://www.formula1finance.com.au/finance-news/pocket-world-figures-2013/ (2014-01-04)
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  • Cheaper to buy than rent Formula 1 Finance
    renters to consider what they are paying in rent and if they could be better off spending money in repaying a mortgage instead In addition to this first home buyers may still be eligible for grants towards buying a new home particularly a home to be constructed and this further supports the case to buy rather than to rent A recent RP data report named 283 suburbs across Australia where it is cheaper to buy than rent RP Data s research noted the 5 9 per cent drop in average capital city home values as a factor in the increased affordability of many areas These conditions in conjunction with discounted variable mortgage rates having fallen by around 100 basis points since October last year have resulted in improved housing affordability With lower mortgage rates tight rental markets resulting in some rental increases and lower home values many buyers may see now as a good time to either re enter the market or buy their first home 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 August 22 2013 Budget Enconomy Finance News Financial goals First Home Buyer House prices Inflation Interest rate Rental Growth 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

    Original URL path: http://www.formula1finance.com.au/finance-news/cheaper-to-buy-than-rent/ (2014-01-04)
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  • Little doubt market is in upswing Formula 1 Finance
    low interest rates the best level of affordability since 2007 and increased sales listings the expectation is of increased sales and upward price pressure Historically the spring period sees the market improve and there is little doubt this annual cycle will repeat again However there are several other influences that are likely to create extra pressure this year I urged those looking to upgrade or purchase their first home to look at the market prior to this upswing if they wish to avoid paying more Most informed projectionists are in agreement that Australian property prices are as low as they are likely to get and although no one is predicting boom conditions people who buy now will almost certainly benefit from significant gains over the next few years 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 August 1 2013 Budget Enconomy Finance News Financial goals First Home Buyer House prices 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 1 2 3 4 5 6 7 8 9 10 11 12 13

    Original URL path: http://www.formula1finance.com.au/finance-news/little-doubt-market-is-in-upswing/ (2014-01-04)
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  • Cash rate on hold Formula 1 Finance
    mortgage rates are starting to have a positive impact on the housing market Moving forward we expect to see continued improvement in the housing market The falling Australian dollar had pushed the RBA to leave rates untouched The Australian dollar is starting to act as a shock absorber for the nation s economy On a trade weighted basis the dollar is now 11 per cent lower than it was in mid April From the RBA s perspective the fall in the Australian dollar will be the key development affecting its policy view General rules of thumb suggest that a 10 per cent depreciation could add around 0 3 to 0 4 percentage points to the consumer price index each year which all else equal would lift the RBA s inflation forecasts to around the middle of the target band by end 2013 The depreciation should also support Australia s growth rebalancing act In terms of the outlook for rates much depends on where the Australian dollar settles The recent fall in the dollar gives the RBA time to hold steady this month but there is still some room for it to cut further if needed 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 July 2 2013 Australian Dollar 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

    Original URL path: http://www.formula1finance.com.au/finance-news/cash-rate-on-hold/ (2014-01-04)
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  • Home loan approvals show housing recovery Formula 1 Finance
    had a negative print yet for 2013 We re starting to get to pretty good numbers with commitments up 13 per cent on year ago terms It s obviously a positive sign that does suggest there is a little bit of activity perhaps picking up in the residential housing market Although activity across the economy is pretty soft it does look like housing is perhaps one sector that is responding to the low interest rate environment The value of new loans was still more than 4 0 per cent lower than it was five years ago Apparently Australian borrowers haven t had it this good for over 50 years but you wouldn t know it from looking at the home loan data Borrowers remain cautious especially first home buyers New homes had risen for seven consecutive months boosted by state government incentives as well as low interest rates The data showed buyers were armed with cash but needed the confidence to act Once the election is out of the road we would expect more people to seriously contemplate buying homes to either live in or as a form of investment More home loans being taken out will equate to more homes being bought and more homes being built Housing is well placed to provide a boost to the economy and take over growth leadership from mining 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 August 8 2013 Enconomy Finance News Financial goals First Home Buyer House prices Inflation Interest rate Wealth Comments Off Comments are closed Finance News RBA rate announcement

    Original URL path: http://www.formula1finance.com.au/finance-news/home-loan-approvals-show-housing-recovery/ (2014-01-04)
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  • Rates Tumble Formula 1 Finance
    lower rates are going to encourage buying however I would caution those looking at a home loan to understand interest rates aren t always going to be this low A savvy strategy for those looking to pay off their home loan faster and with less interest charges would be to maintain their repayments at the same amount paid before the rate cut 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 August 6 2013 Enconomy Finance News Financial goals House prices 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

    Original URL path: http://www.formula1finance.com.au/finance-news/rates-tumble/ (2014-01-04)
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  • Interest rate cut looming Formula 1 Finance
    the Australian Bureau of Statistics showed that retail spending dropped by 0 20 per cent in April compared to March A rate reduction could help improve consumer confidence and therefore drive spending The current average standard variable home loan rate is now 6 61 per cent but most borrowers are already paying less than that after discounts A 25 basis point rate cut would therefore mean borrowers could expect to see variable rates in the low 6 per cent to high 5 per cent range If lenders pass on the full 25 basis points cut monthly repayments for a 300 000 mortgage would drop by 49 Even if the Reserve Bank cuts the official cash rate again tomorrow it is unlikely that all or any of Australia s lenders will pass on the rate cut in full as they seek to recover higher funding costs 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 June 4 2012 Bank Profits 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/interest-rate-cut-looming/ (2014-01-04)
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