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  • Home Loan Interest Rates May Drop « Formula 1 Finance Formula 1 Finance
    since the fall in the AUD has freed up considerable cash at each roll of the currency swaps The USD s which these banks have borrowed are now worth more AUD giving the banks access to increased volumes of AUD for no new borrowing In the mean time the RBA is still focussed on tight capacity rising inflation pressures and the locked in boost to incomes in Australia through the surge in our terms of trade Readers will recall that until the release of the surprisingly strong inflation data for the March quarter Westpac was the only forecaster predicting rates on hold once the May rate hike was delivered April 30 Bloomberg poll 24 forecasters Westpac only forecaster with rates at 4 5 by year s end That was because we had already seen a slowing in the interest rate sensitive parts of the economy retail housing finance employment growth and we expected a big negative response from Consumer Sentiment to the May rate hike However we did not expect to see a revival of inflation pressures as early as was apparent in the March report The Bank s concern with limited capacity and building inflation pressures was apparent from the May Board meeting minutes The minutes of the May Board meeting of the Reserve Bank have provided us with strong support for our view that the Bank will not be raising rates at either the June or July Board meetings The key quote is Members felt that this would leave monetary policy well placed for the present The Board is now clearly dealing with a range of conflicting influences On the positive side they have revised up their global growth forecast for 2010 from 4 to 4¼ The commentary on the US economy is also more positive describing conditions as now clearly improving with household consumption being described as growing solidly On the other hand the turmoil in Europe attracts considerable discussion With these minutes referring to a meeting on May 4 they cannot give the Bank s current assessment of these developments For instance problems in debt markets had been predominantly confined to Europe whereas in the last two weeks credit markets globally have deteriorated markedly Clearly the underlying concern for the Bank today would be if these developments damaged the global economic recovery And that was noted there was a risk that the situation could worsen further damaging the global economic recovery Westpac has been arguing for some time that interest rate sensitive parts of the economy are being affected by the rate hikes These minutes provide the strongest evidence that the Bank is also detecting those factors consumption spending had been quite subdued perhaps reflecting some impact from rising interest rates On employment growth appeared to have slowed a little from the rapid pace seen in late 2009 In summing up there were some early signs that they interest rates were beginning to affect behaviour with retail sales subdued and housing loan approvals falling noticeably However

    Original URL path: http://www.formula1finance.com.au/finance-news/home-loan-interest-rates-may-drop/ (2014-01-05)
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  • Rate rise to blame for consumer sentiment drop « Formula 1 Finance Formula 1 Finance
    cash rate rather than the release of the federal Budget was the key contributor to the fall in consumer confidence According to the Index on the question of whether the federal Budget would impact family finances over the next 12 months most respondents 51 per cent said it would have little impact while 27 per cent indicated that their finances would worsen as a result of the Budget Meanwhile 11 per cent indicated that finance would improve and 10 per cent were unsure This result indicates that the response to the Budget was negative on balance but we expect that the most important factor causing such a large fall in the headline index was the rate hike Mr Evans said In the last rate hike cycle sentiment was most affected when in March 2005 when the mortgage rate was increased from 7 05 per cent to 7 3 per cent according to Mr Evans The Index fell by 15 5 per cent and following the seven subsequent rate hikes in that cycle the average fall in the Index was 8 5 per cent he said According to Mr Evans interest rates are clearly back in the range for the variable mortgage rate where future rate hikes are going to hurt consumers He said the Index can be expected to respond accordingly Source The Advisor 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 21 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

    Original URL path: http://www.formula1finance.com.au/finance-news/rate-rise-to-blame-for-consumer-sentiment-drop/ (2014-01-05)
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  • economic data Archives « Formula 1 Finance Formula 1 Finance
    stance on monetary policy In the meantime all the recent economic data particularly the July ISM Read more Back to Top Interest Rates to hold On December 6 2010 Finance News Leave a comment RBA is not expected to lift the official cash rate again until May 2011 according to NAB The recent economic data showed that the economy was not bouncing back as quickly as first thought which would indicate the Board to hold fire on rates until mid 2011 Read more Back to Top RBA lifts interest rates On November 2 2010 Finance News Inflation Interest rate Leave a comment RBA has lifted the official cash rate for the first time in six months At its board meeting today the Reserve Bank judged now was a good time to lift the official cash rate 25 basis points to sit at 4 75 per cent Weak economic data Read more Back to Top RBA holds home loan rates steady On September 7 2010 Finance News Leave a comment expected the RBA kept the cash rate on hold at 4 5 today Despite the recent uptick in local data the RBA s forecasts for Australian economic growth and inflation remain unchanged With the general concern about the global economic outlook emphasising that external conditions remain somewhat uncertain Read more Back to Top RBA tipped to keep home loan rates on hold On September 6 2010 Finance News Leave a comment Reserve Bank of Australia is widely expected to keep home loan rates on hold when it meets in Adelaide tomorrow While local economic data shows the Australian economy has grown at the fastest pace in three years looming economic results abroad have indicated that some countries Read more Back to Top Interest rates appropriate as super saver evolves On August

    Original URL path: http://www.formula1finance.com.au/tag/economic-data/ (2014-01-05)
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  • new south wales Archives « Formula 1 Finance Formula 1 Finance
    we could consider sales volumes to be at satisfactory levels The importance of a broad based rejuvenation of new home building to maintaining the health of the overall Australian economy has been widely acknowledged but at this stage new Read more Back to Top New home sales climb higher On November 30 2012 Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off HIA New Home Sales report a survey of Australia s largest volume builders showed a substantial 31 4 per cent increase in the sale of multi units in October and this delivered the headline rise for the month Detached house sales fell by 2 0 per cent in October a Read more Back to Top Property primed for growth On October 18 2012 Enconomy Finance News Financial goals House prices Wealth Comments Off cent in 2013 2014 for Sydney which shows the most bullish figures This comes while Brisbane is expecting increasing prices to the tune of eight per cent over 2013 2014 after five per cent growth in the previous year Perth is expecting growth of six per cent over Read more Back to Top First home grant doubles Qld On September 11 2012 Enconomy Finance News Financial goals First Home Buyer House prices Inflation Wealth Comments Off the actions of New South Wales Queensland will also double the grant for new first home buyers to 15 000 The state budget changes outlining that the grant would be pushed up from 7 000 in addition to the transfer duty concession already in place will apply for Read more Back to Top Home Loan Rate rises tipped as resources boom On April 28 2010 Finance News Leave a comment said In fact in many ways towards the end of this year and 2011 will

    Original URL path: http://www.formula1finance.com.au/tag/new-south-wales/ (2014-01-05)
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  • underlying inflation Archives « Formula 1 Finance Formula 1 Finance
    lending particularly soft Underlying inflation for the year to Read more Back to Top RBA to hold on home loan interest rates On July 6 2010 Finance News Leave a comment rate below which inflation pressures become apparent and growth expected to be comfortably above trend should have a clear tightening bias If the Bank is revising down its growth rate forecast for next year back from 3 75 to say 3 then with a growth forecast slightly Read more Back to Top Home Loan Interest Rates May Drop On May 25 2010 Finance News Leave a comment a GFC Mark II from the European developments Policymakers will be too alert to the risks associated with unmanaged sovereign defaults to allow such uncertainty to prevail On the other hand the boost from the mining sector and the clear upward pressure on inflation makes it reasonable to expect that following Read more Back to Top Inflation rise could force RBA s hand On April 29 2010 Finance News Leave a comment is not slowing as quickly as first anticipated which could force the RBA to lift Home Loan interest rates again when it meets next week According to the Australian Bureau of Statistics underlying inflation though easing in the first three months of the year still remains Read more Back to Top ANZ Explains home loan interest rate rise On April 7 2010 Finance News Leave a comment last month that interest rates to most borrowers nonetheless remain lower than average The past tense reference this month suggests that the Bank believes that policy is now close to normal Moreover the general tone of the statement suggests that the RBA is in no rush Read more Back to Top Westpac Predict Home loan rates to hold for now On April 1

    Original URL path: http://www.formula1finance.com.au/tag/underlying-inflation/ (2014-01-05)
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  • RBA eyes another rate cut Formula 1 Finance
    above the historic low Housing and business credit was flat in November and has barely expanded over the past year This sluggish corporate borrowing arguably also reflects a preference to use retained earnings rather than use external funding sources I believe the RBA will lower Australia s official cash rates by a further 0 25 per cent to 4 0 per cent in February 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 9 2012 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

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-eyes-another-rate-cut/ (2014-01-05)
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  • RBA tipped to keep home loan rates on hold « Formula 1 Finance Formula 1 Finance
    it meets in Adelaide tomorrow While local economic data shows the Australian economy has grown at the fastest pace in three years looming economic results abroad have indicated that some countries may even be at risk of double dipping into recession I would expect the RBA to leave the official cash rate at 4 5 per cent Housing finance approvals have fallen in 10 out of the past 12 months as the stimulus driven surge in first home buyers has unwound Outside of the first home buyer segment loan approvals to existing owner occupiers and investors have continued to strengthen The RBA is still expected to lift the cash rate further in the near term to help keep household spending subdued and to ensure that the mining boom does not create an overheating problem 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 6 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

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-tipped-to-keep-home-loan-rates-on-hold/ (2014-01-05)
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  • Home Loan borrowers feel pain of rate rises « Formula 1 Finance Formula 1 Finance
    Australian Bureau of Statistics ABS showed home loan approvals dropped in January the fourth consecutive decline Home loan approvals plummeted by 7 9 per cent in January the biggest fall since June 2000 This marks the fourth consecutive decline in housing finance since the Reserve Bank of Australia commenced tightening monetary policy suggesting momentum in the property market is fading Moody s Analytics economist Matthew Circosta said RP Data s senior research analyst Cameron Kusher agreed that while the market is currently being fuelled by strong migration and insufficient housing supply higher interest rates are likely to dampen property value growth Over the next year we anticipate a lower level of growth nationally anticipated to be single figure which will be bought on by tighter lending requirements and higher interest rates Mr Kusher told The Adviser 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 11 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

    Original URL path: http://www.formula1finance.com.au/finance-news/home-loan-borrowers-feel-pain-of-rate-rises/ (2014-01-05)
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