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  • Interest rates 'appropriate' as super-saver evolves « Formula 1 Finance Formula 1 Finance
    of this impact The bank says surveys have suggested a change in households financial behaviour with greater caution about spending and borrowing Moreover they see this change in attitude as a positive if it is sustained The household saving rate was at a higher level than a few years earlier and credit growth was much lower than over the past decade the minutes recorded The challenges of dealing with a terms of trade boom and strong growth in investment would be lessened if these trends in household behaviour continued In plain English the bank is telling households don t go borrowing more for a pre Christmas spending spree and don t go speculating on housing and we may be able to keep rates on hold a bit longer That said barring a dramatic change in the global or local financial outlook the RBA still clearly expects its next move in rates to be up not down If household spending and the property market do remain subdued then a bit longer may extend as far as late 2011 or early 2012 when the bank expects underlying inflation to again hit the upper bounds of its 2 to 3 per cent target range But if households take advantage of the current rates stability to borrow more money to buy goods services and houses then the bank may feel the need to lift rates much earlier However it repeated a shot at the retail banks again saying that bank interest margins remained above pre crisis levels undermining the case for the big four to make any rate moves independent of the RBA 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

    Original URL path: http://www.formula1finance.com.au/finance-news/interest-rates-appropriate-as-super-saver-evolves/ (2014-01-05)
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  • RBA hints end to home loan rate rise run « Formula 1 Finance Formula 1 Finance
    has moved early to raise the cash rate to levels that deliver interest rates for borrowers and depositors more like those that have been the average experience over the past 10 to 12 years Mr Stevens said Those interest rates are now pretty close to that average 18 months ago the RBA board moved quickly to establish an emergency low level of interest rates in the face of a serious threat to economic activity According to Mr Stevens the central bank s aggressive reduction in interest rates needed to be complemented by timely movement to raise rates back to normal levels once the emergency had passed Moving forward Mr Stevens said the board s focus will be on doing its part to achieve an average inflation target of about two to three per cent Our task is now to manage a new economic upswing This will be just as challenging in its own way as managing the downturn But it s a challenge plenty of other countries would like to have he 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 April 27 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

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  • April RBA Board Minutes: Central Bank Signals More Rate Hikes Ahead « Formula 1 Finance Formula 1 Finance
    Public sector spending was a major contributor to the favourable growth outcome over 2009 with private sector activity weak The RBA sees a reversal in this pattern in 2010 That is the RBA sees stronger private sector activity in conjunction with weaker public sector spending Key signs of this upcoming private sector strength include the ongoing resilience of a tight labour market with firming jobs growth Incomes and wealth are rising through firmer commodity and house prices Additionally increasing business and consumer confidence will assist private sector spending The tenor of the RBA s latest commentary demonstrates their upbeat view of the economy s prospects It also means intensifying upside risks to growth and inflation as the terms of trade rises because of rocketing iron ore and coal prices Last week we rejigged our RBA official rates call Our near term call ie for 2010 remains unaltered That is we still see the cash rate at 5 by the end of the year However we now expect the RBA to lift rates to an above normal or to a contractionary stance through 2011 We now see the cash rate ending 2011 at 6 0 That level will be 3 above the emergency low point of 3 during the GFC The greater stability in financial markets has seen some more mortgage backed security issuance as investors become more comfortable with market conditions Banks have also signalled a greater willingness to lend as the growth outlook improved The period of deleveraging by corporates could be near an end Source Commonwealth Bank Economics 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

    Original URL path: http://www.formula1finance.com.au/finance-news/april-rba-board-minutes-central-bank-signals-more-rate-hikes-ahead/ (2014-01-05)
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  • Investors advised to buy now Formula 1 Finance
    at the moment Now is definitely a good time to get into the market There is a lot of competition between vendors at the moment which is putting the bargaining power firmly in the hands of the buyer On top of that the interest rate environment is very kind thanks to the 50 basis point rate reduction we saw at the end of last year If you have the funds to make a financially responsible decision to buy property then now is definitely a good time to buy Of course any investors entering the property market should bide their time before selling We are not seeing the yields we saw 10 years ago In many instances this makes the buying environment even better If you want to see a good return on your investment you have to be in it for the long haul 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 February 29 2012 Budget 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 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/investors-advised-to-buy-now/ (2014-01-05)
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  • NAB Cuts Rates Formula 1 Finance
    last month when it was the only major not to pass on the RBA s full rate cut NAB s decision now puts increasing pressure on CBA and Westpac both of which are yet to move 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 8 2011 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 1 2 3 4 5 6 7 8 9 10 11

    Original URL path: http://www.formula1finance.com.au/finance-news/nab-cuts-rates/ (2014-01-05)
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  • basis point Archives « Page 3 of 5 « Formula 1 Finance Formula 1 Finance
    Reserve Bank announced it would cut 25 basis points from the official cash rate two of Australia s majors jumped into action passing the full rate cut on to their borrowers Westpac was the first of the majors to move officially cutting its standard Read more Back to Top Fixed Rate Price War Continues On October 5 2011 Bank Profits Budget Financial goals Home loan product Interest rate Wealth Comments Off Over the last two months almost all of Australia s lenders have slashed the interest on their fixed rate products with CBA ANZ Westpac and NAB carving up to 20 basis points off their respective fixed rates Variable rates have also seen heavy discounting Good news for consumers Read more Back to Top Westpac has cut interest rates on its fixed rate home loans On June 28 2011 Finance News Comments Off rates for its Home and Investment Property Loan for two to 12 year fixed rates effective today The two and three year fixed rate products will see a 20 basis point decrease while the four through 12 year products have been cut by 10 basis points Read more Back to Top Westpac chasing larger market share On March 1 2011 Financial goals Home loan product Interest rate Wealth Leave a comment Westpac is gearing up to capture new business by increasing its maximum LVR lending Yesterday the major announced it would up the maximum amount it lends to new home loan customers from 90 per cent to 95 per cent LVR plus capitalizing the mortgage insrance to a Read more Back to Top Rates on hold On December 7 2010 Finance News Leave a comment The Reserve Bank of Australia has decided to leave the official cash rate on hold in December The Board was widely expected to leave the cash rate on hold at 4 75 per cent after lifting it 25 basis points last month The RBA will be much more Read more Back to Top Interest Rates to hold On November 22 2010 Finance News Leave a comment The RBA is widely expected to leave rates on hold until February 2011 Last month the Reserve Bank lifted rates by 25 basis points the first rate hike in six months While there has been growing speculation that the RBA could lift rates again in December Read more Back to Top Westpac NAB hike interest rates On November 15 2010 Home loan product Interest rate Leave a comment All the majors have now officially lifted their standard variable rates above the RBA with Westpac and NAB lifting their respective rates NAB moved 0 43 per cent 18 basis points above the RBA Meanwhile Westpac increased its standard variable rate 0 35 per cent the lowest Read more Back to Top ANZ hike interest rates On November 11 2010 Finance News Home loan product Interest rate Leave a comment has become the second bank in as many weeks to move out of cycle with the RBA Yesterday

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  • basis point Archives « Page 4 of 5 « Formula 1 Finance Formula 1 Finance
    interest rates Read more Back to Top Banks warned not to raise rates On October 6 2010 House prices Interest rate Leave a comment While the RBA decided to leave rates unchanged yesterday there is growing speculation that not all the majors are prepared to follow suit According to a report both Westpac and ANZ said they have no plans to change their interest rates in the immediate future However both NAB Read more Back to Top Fixed rate home loans to make a come back On September 10 2010 Finance News Leave a comment Fixed rates cold be back in demand over the coming months in the next month or two could be the time if you are considering a fixed rate home loan Fixed rates are currently becoming very reasonably priced Lenders have seen that there is a market there Read more Back to Top PPI won t curb rate rise economists On July 27 2010 Finance News Leave a comment have grown at pace of 1 0 per cent in 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 Read more Back to Top ANZ cuts home loan rates On May 27 2010 Finance News Leave a comment ANZ has trimmed some of the fat on its fixed term mortgage rates positioning itself as a true competitor in fixed lending Yesterday the major announced it would slash six basis points from its three year fixed rate 19 basis points from its four year fixed loan Read more Back to Top Home Loan Interest Rates May Drop On May 25 2010 Finance News Leave a comment Markets are

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  • basis point Archives « Page 5 of 5 « Formula 1 Finance Formula 1 Finance
    cent the second rate hike for 2010 The latest rate hike comes on the back of a 25 basis point Read more Back to Top AMP Bank Ltd to lower interest rates on its entry level home loan products after hiking mortgage rates earlier this month On March 22 2010 Finance News Leave a comment AMP Bank dropped the interest rate on its basic variable home loan by 22 basis points to 6 27 per cent and cut the rate on its introductory variable mortgage by 45 basis points to 5 94 per cent The introductory variable home loan rate applies for only one Read more Back to Top The Reserve Bank has signalled more home loan interest rate rises are on the way after it yesterday lifted the cash rate to 4 per cent On March 3 2010 Finance News Leave a comment The RBA raised interest rates by 0 25 percentage points in a move widely expected by economists and most predict rates will rise about one percentage point over the remainder of 2010 The big banks wasted no time following the RBA s lead The Commonwealth Bank announced within 90 Read more Back to Top Strengthening economy pushes Home Loan Rates higher On March 2 2010 Finance News Leave a comment The Reserve Bank of Australia has raised the official cash rate 25 basis points to 4 00 per cent the first rate hike for 2010 The Reserve Bank increased interest rates three times in quick succession in late 2009 prompting concerns that consumer demand would weaken especially Read more Back to Top Home loan credit rules set to tighten On February 15 2010 Finance News Leave a comment A survey of loan officers in all of Australia s big and regional banks reveals they expect credit standards to be tightened over the next six months with home borrowers consumers and small to medium sized enterprises the hardest hit Underwriting standards for large corporates are expected to Read more Back to Top RBA flags further rate rises On February 8 2010 Finance News Leave a comment The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens The RBA has increased its forecast for economic growth in Australia expecting a faster pace over Read more Back to Top Majors to undercut RBA On January 27 2010 Finance News Leave a comment Interest rates are predicted to rise by 1 percentage point this year however the majors are expected to absorb 0 3 per cent of that a new report from Access Economics has found According to research by Access Economics macro economist Chris Richardson the majors will undercut a Reserve Read more Back to Top Westpac increases fixed rates On January 13 2010 Finance News Leave a comment Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as

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