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  • Enconomy stalled, no good for home owners Formula 1 Finance
    Westpac Melbourne Institute Growth Index found the annualised growth rate was 4 6 per cent in September The speed of the turnaround is a little disconcerting The growth rate of the Leading Index continues to point to a solid pace of expansion heading into late 2010 early 2011 but that pace has slowed abruptly over the last six months Dwelling approvals 1 3ppts overtime worked 1 3ppts and productivity 1 3ppts have been instrumental in the growth stall Dwelling approvals continued to slide registering another large 6 6 per cent fall following the 4 8 per cent drop in August While the banks choke on profits everyday Australians struggle to increase their net wealth Lets hope 2011 brings some property growth for home owners and investors 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 19 2010 Enconomy House prices Inflation Interest rate 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 19 20 21 22 23

    Original URL path: http://www.formula1finance.com.au/house-prices/enconomy-stalled-no-good-for-home-owners/ (2014-01-05)
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  • Inflation interest rate rise Formula 1 Finance
    in aggregate demand These figures suggest a rate move in November highly probable Obviously the CPI is not the only factor that is important in a rates decision The Reserve Bank does not consider a particular inflation reading to be a so called trigger point Instead it watches a range of indicators to determine policy moves Still the CPI carries a high weight in this decision process I am expecting the RBA will also be keeping a watchful eye on developments in the housing market and the exchange rate when making its decision on interest rates next month Another indicator is the potential threat of additional moves by commercial banks This has so far mostly been posturing but it is clear that an expected additional move by the banks would be a factor in the RBA s thinking I am thinking as a mortgage holder my luck is running out and the rate rise is coming 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 20 2010 Inflation Interest rate 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

    Original URL path: http://www.formula1finance.com.au/interest-rate/inflation-home-loan-rate-rise/ (2014-01-05)
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  • Property Price to increase Formula 1 Finance
    greater competition in the banking sector so there s adequate finance for development Data available suggests properties in the 500 000 to 700 000 range are expected to face the biggest price hike This is good news for these property owners as this price bracket and above has taken a beating over the last 12 months Not such great news if you are looking to purchase in this price range My suggestion would be buy now if you have the means While the RBA s decision to leave interest rates on hold for a fifth straight month was great news it will be short lived A home loan interest rate rise closer to Christmas may impact some markets Home owners again dodged the interest rate bullet this month despite many people predicting a 25 basis point increase The Reserve Bank Board decisions in November and December will be largely influenced by employment and housing figures is my guess 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 7 2010 House prices Interest rate 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

    Original URL path: http://www.formula1finance.com.au/house-prices/property-prices-expected-to-surge/ (2014-01-05)
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  • Banks warned not to raise rates Formula 1 Finance
    NAB and CBA refused to be questioned on speculation that they might lift rates independent of the RBA I don t know if the housing industry would be able to sustain any independent rate hikes Earlier this month housing approvals fell for the fifth consecutive month suggesting any recovery in residential construction was short lived According to the RBA s Financial Stability Review the major banks have already increased the net interest margins in their Australian operations by around 35 basis points since the trough in 2008 This suggests that any independent increases by the banks will be about extending already large profits rather than being about necessity On Monday night Treasurer Wayne Swan warned banks not to lift rates higher than any RBA move saying that I don t believe there is any case that the banks can make to move over and above any decision that may or may not be taken by the Reserve Bank 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 6 2010 House prices Interest rate 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

    Original URL path: http://www.formula1finance.com.au/house-prices/banks-warned-not-to-raise-rates/ (2014-01-05)
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  • Westpac Predict Rates on Hold till 2011 « Formula 1 Finance Formula 1 Finance
    had been that a high print would have indicated uncomfortably strong momentum in inflation which would have required rate hikes in both August and November The extraordinarily low print means that momentum in 2010H1 is running at a 2 6 annualised pace comfortably in line with the Bank s forecast for 2010 of 2 75 Even if the September quarter report shows a return to that 0 8 qtr pace recall that prior to the June quarter print ten of the last twelve quarterly underlying inflation prints were 0 8 or higher the evidence would not be sufficiently convincing from the inflation profile alone to raise rates in November It has to be our view therefore that rates will now remain on hold for the remainder of the year Our previous view had been that the economy is currently facing a range of headwinds including constrained credit growth contractionary fiscal policy a more cautious consumer a higher Australian dollar and a surprising reversal in confidence about the housing market However we expected that the dominant headwind was going to be a central bank dealing with short term inflation pressures and raising rates by another 50bp over the course of the remainder of 2010 That range of headwinds would have been sufficient despite a resurgence in business investment to keep rates largely on hold through the course of 2011 Now with rates likely to be on hold for the foreseeable future consumer confidence business confidence housing and most likely the labour market will be gradually boosted The risk to a November rate hike would be if the labour market tightened more rapidly over the course of the next few months than we expect therefore unnerving the Bank We have revised up our estimates of demand momentum over the course of 2010 to reflect steady rates but on balance do not believe that momentum will be sufficiently strong to lead to the style of uncomfortable tightening in the labour market to require an imminent rate hike However a second quarter of stable rates is likely to sufficiently boost that momentum to see the next stage of the tightening cycle begin in February next year That is likely to be complemented by a return to uncomfortable inflation reads History shows us that with economic growth at least around trend for the course of 2010 a sequence of very low inflation reads is very unlikely Interest rates are still only at neutral levels so given this scenario it is now much more likely that the tightening cycle will resume sometime in 2011 By then the Chinese economy will have restored its upward momentum labour markets will be uncomfortably tight and housing is likely to be staging a resurgence Even economies like the US and Europe will have had another six to twelve months to work through their chronic imbalances Our forecast is for an overnight cash rate by the end of 2011 of 5 25 but the monetary tightening is now much more likely

    Original URL path: http://www.formula1finance.com.au/finance-news/westpac-predict-rates-on-hold-till-2011/ (2014-01-05)
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  • Banks may raise 0.15pc above RBA « Formula 1 Finance Formula 1 Finance
    surrender 700 million in profits unless they raise their interest rates above those of the RBA According to the paper analysis by Morgan Stanley show the combined profits of the big four would be 700 million lower in 2011 if funding costs continue to increase and are not offset by rate rises from the banks The RBA has already indicated that it may raise rates at the August board meeting if inflation continues to rise However any move by the RBA will not be enough to offset the extra funding costs that Australia s majors are currently facing Morgan Stanley analyst Richard Wiles estimates that banks will have to raise their rates by between 0 1of a percentage point to 0 15 of a percentage point above the RBA 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 July 26 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 19 20 21

    Original URL path: http://www.formula1finance.com.au/finance-news/banks-may-raise-0-15pc-above-rba/ (2014-01-05)
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  • RBA home loan interest rates on hold for now… « Formula 1 Finance Formula 1 Finance
    order to settle markets it was critical that the stress tests be regarded as credible The RBA notes that labour market conditions in the US remain soft and employment growth has been disappointing It is also cognisant of the moderation in growth in the Asia region particularly China although it acknowledges this as a positive development with growth returning to a more sustainable pace after the very strong bounce back in late 2009 and early 2010 However what is important for Australia is the extent to which economies in Asia could continue to grow strongly in the face of what could be an extended period of subdued conditions in the major North Atlantic economies The RBA sees growth in Australia s major trading partners to be around trend over the coming years While recent domestic economic growth remains solid the RBA is cautious around the at present tentative signs of a handover from the public to private sector drivers of growth and that it needs careful monitoring This is a new more circumspect perspective from the RBA This wariness precedes the recent strength in local high frequency indicators But the minutes suggest this strength may not have been a big surprise and thus game changer for the Bank Most notably the minutes note a solid outlook for employment suggesting June s big jobs read would not have been beyond the realm of the Bank s expectations Source ANZ 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 an innovative professional finance broking firm On July 21 2010 Finance News Leave a comment Comments are closed Finance News RBA

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-home-loan-interest-rates-on-hold-for-now%e2%80%a6/ (2014-01-05)
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  • the bank Archives « Page 2 of 7 « Formula 1 Finance Formula 1 Finance
    bank has moved to increase its rates independently of the RBA s cash rate since it announced its split with the central bank s pricing Read more Back to Top Banks likely to withhold rate cut On February 1 2012 Bank Profits Enconomy Finance News Financial goals House prices Interest rate Wealth Comments Off industry stakeholders remain at odds over whether or not the Reserve Bank of Australia will drop the cash rate when the Board meets next week it is becoming increasingly unlikely that Australia s banks will pass on any rate cut in full The banks have gone to Read more Back to Top ANZ announces rate decision On January 13 2012 Bank Profits Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off ANZ s first out of cycle interest rate pricing assessment the bank has left its standard variable rate for retail mortgages and small business lending unchanged at 7 3 per cent ANZ last month said the bank would announce any changes to these rates on the second Friday Read more Back to Top More Interest Rate Cuts On November 7 2011 Australian Dollar Budget Enconomy Finance News Financial goals Home loan product House prices Inflation Interest rate Wealth Comments Off I believe that we can expect a further 50 to 75bps of rate cuts I have found the RBA comments quite encouraging In recognising that the non mining sector of the economy will remain below trend and forecasting that inflation will be contained there appears to be ample scope for Read more Back to Top NAB Predicts Interest rates on hold until mid 2012 On August 29 2011 Enconomy Finance News Financial goals Home loan product Inflation Interest rate Wealth Comments Off National Australia Bank has adjusted its expectations for the timing of future movements in the official interest rate According to a statement by the bank s chief economist Alan Oster NAB now expects a considerable period of inaction by the RBA NAB still however continue to expect Read more Back to Top RBA SOFTENS ITS OUTLOOK On July 5 2011 Finance News Leave a comment At its meeting today the Board decided to leave the cash rate unchanged at 4 75 per cent The global economy is continuing its expansion but the pace of growth slowed in the June quarter The supply chain disruptions from the Japanese earthquake and the dampening effects of 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 Lenders battle over fixed interest rates On March 15 2011 Enconomy Home loan product Inflation Interest rate Leave a comment Competition amongst the

    Original URL path: http://www.formula1finance.com.au/tag/the-bank/page/2/ (2014-01-05)
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