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  • Strengthening economy pushes Home Loan Rates higher « Formula 1 Finance Formula 1 Finance
    fall in December Based on this positive data the Reserve Bank decided to raise the official cash rate marking the fourth rate rise in five RBA meetings Reserve Bank governor Glenn Stevens said the Australian economic conditions in 2009 were stronger than expected after a mild downturn a year ago The rate of unemployment appears to have peaked at a much lower level than earlier expected Labour market data and a range of business surveys suggest growth in the economy may have already been at or close to trend for a few months Mr Stevens said Investment in the resources sector is very strong Credit for housing has been expanding at a solid pace and dwelling prices have risen significantly over the past year New loan approvals for housing have moderated a little over recent months however as interest rates have risen and the impact of large grants to first home buyers has tailed off With the risk of serious economic contraction in Australia having passed the Board moved late last year to lessen the degree of monetary stimulus that had been put in place when the outlook appeared to be much weaker Lenders generally raised rates a little more than the cash rate and most loan rates rose by close to a percentage point Nonetheless interest rates to most borrowers remain lower than average 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 2 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units

    Original URL path: http://www.formula1finance.com.au/finance-news/strengthening-economy-pushes-home-loan-rates-higher/ (2014-01-05)
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  • RBA governor optimistic about economy « Formula 1 Finance Formula 1 Finance
    declared Australia was open for business Speaking at a business forum in Melbourne Mr Stevens said despite the immense challenges facing the United States Europe and Japan Australia was well positioned to take advantage of the strong growth in Asia We can come out of this episode as the country which didn t have to buy its banks government finances are in terrific shape there is strong regulatory framework and we didn t have to do very unconventional fiscal measures The conventional methods worked a treat actually Mr Stevens said So it s not Pollyanna ish not everything s rosy But how many other countries are on that list Not many We remain open for business plugged into the part of the world where all the growth is 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 2 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 22

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-governor-optimistic-about-economy/ (2014-01-05)
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  • RBA announces interest rate remains unchanged « Formula 1 Finance Formula 1 Finance
    retail and employment released over the past six weeks The RBA went further to say that improvement in economic conditions has been uneven The RBA has confidence that households are doing well due to strong labour market outcomes and a recovery in net worth However the RBA remains more cautious on businesses who continue to deliberate and smaller businesses especially to face tighter credit conditions At the moment the RBA remain confident that inflation will get into the target band but note that inflation has risen somewhat recently as temporary factors that had been holding it down are now abating To us this is a key risk going forward In general there is nothing in the statement which suggests that informal enquiries into the economy are revealing a sudden loss of growth momentum in early 2010 although we cannot rule this out as a factor Both the ANZ Job Ads and the NAB business confidence index released this week were relatively soft Overall we remain of the view that rates will rise gradually target cash rate of 4 75 by end 2010 We do not think today s decision rules out a move in March The caution associated with the path of further rate hikes in 2010 is due to several factors the increased margin between official and lending rates due to the financial crisis the higher indebtedness of households the need to assess the impact of materially tighter policy and the fledgling nature of the domestic recovery and the fragile nature of the global one Further the nature of a neutral rate the is the RBA s first aim in this tightening cycle is an increasingly uncertain concept with the likelihood the RBA will know the level of the neutral rate once it gets there rather than before This suggests to us the RBA will be increasingly careful on the pace of hikes as they move higher To us the risk to this view is clearly inflation and the fact that core inflation has persisted through the downturn and remains uncomfortably high still outside the upper band of the RBA s target In November s RBA Statement of Monetary Policy it forecast economic growth near or at trend at 3 25 in the December quarter we have no real quarrel with that given the strength of recent data But given the persistence of core inflation when the economy was weak a trend rate of growth is arguably not the best environment to keep the downward momentum in inflation going The November SoMP had a forecast of 3 25 for inflation in the year to the December quarter but this came in at 3 4 In the current economic environment the RBA s forecast of 2 25 for core inflation now seems ambitious The output gap is closing labour market pressures are emerging risking wage rise and there is seemingly limited further upside to the Australian dollar to keep imported inflation low We expect the RBA to raise its forecasts

    Original URL path: http://www.formula1finance.com.au/finance-news/rba-announces-interest-rate-remains-unchanged/ (2014-01-05)
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  • Inflation figures support rate rise « Formula 1 Finance Formula 1 Finance
    above the central bank s target band of 2 to 3 per cent This jump in inflation has intensified speculation of a further rate rise when the Reserve Bank meets on Tuesday But the Real estate Institute of Australia REIA president David Airey said the Reserve Bank needs to exercise caution in its decision on official interest rates According to Mr Airey the increase in inflation should not be interpreted as rampant demand in the housing sector Whilst the index for house purchase increased 1 0 per cent for the quarter and 2 4 per cent for the year the December figure reflects three consecutive interest rate rises over the December quarter Mr Airey said When you examine the details you could not conclude that further interest rates rises are required next week to suppress excessive demand in the housing sector Indeed you could draw a contrary conclusion 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 January 28 2010 Finance News Leave a comment Leave a Reply Click here to cancel reply You must be logged in to post a comment 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

    Original URL path: http://www.formula1finance.com.au/finance-news/inflation-figures-support-rate-rise/ (2014-01-05)
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  • Inflation set to ease, rates to rise « Formula 1 Finance Formula 1 Finance
    Roberts told AAP They probably will be lifting the cash rate again later in 2010 but I think it s pretty unlikely that they ll follow up the February 25 basis point rate hike with another one in March Due to lags it is still too early to see the impact of the RBA rate increases last year Mr Roberts predicted that rental growth and house prices would flatten out after rising in 2009 while financial services charges would rise and food prices would fall It s interesting that there s been quite a hefty fall in the food price component in New Zealand s CPI and I wouldn t be at all surprised if we don t see something similar for Australia he said New Zealand s CPI fell by 0 2 per cent in the December quarter giving an annual inflation rate of two per cent Mr Roberts predicted slower growth in Australian utility charges and little movement in health care and education in the fourth quarter The annual change will pick up because there s a base effect from the negative CPI we had come in the fourth quarter last year he said Last month the RBA shocked financial markets after deputy governor Ric Battellino said its interest rate setting was now back in a normal range Citigroup Global Markets director Paul Brennan does not think the central bank will have to lift interest rates in February He forecast that the RBA s measures of underlying inflation would post rises averaging 0 6 per cent in the December quarter after 0 8 per cent in both the June and September quarters which would reduce annual underlying inflation to 3 3 per cent from 3 5 per cent If the underlying measure is at 0 6 it represents a fair step down from the 0 8 that we ve seen in the last two quarters and that s meant that underlying inflation is likely to fall back within the target range to three per cent by next CPI he said The Reserve Bank would welcome that and they would see that as giving them some scope to pause temporarily at least He said the cash rate would remain on hold until March unless softer than expected employment figures were released By the middle of the year the cash rate would reach 4 25 per cent If inflation comes down over the next couple of quarters then that gives them a little bit of breathing space Meanwhile AMP Capital Investors senior economist Bob Cunneen expects price pressures to pick up as the economy recovers This moderation in inflation we have had with the global financial crisis the pull back in energy prices with petrol that will all come out of the measures in essence and there ll be upward pressure on inflation he said He thinks a rate rise in February is almost certain The RBA need to aggressively tighten policy and what they re doing with gradual quarter

    Original URL path: http://www.formula1finance.com.au/finance-news/inflation-set-to-ease-rates-to-rise/ (2014-01-05)
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  • reserve bank of australia Archives « Page 2 of 4 « Formula 1 Finance Formula 1 Finance
    by continuing worries about the outlook for the world s economy have lowered the costs Australian banks pay for fixed rate loans But while Australia s lenders continue Read more Back to Top RBA cuts rates On June 5 2012 Enconomy Finance News Financial goals Inflation Interest rate Wealth Comments Off Reserve Bank of Australia has cut the official cash rate for the second consecutive month The decision came as no surprise to many economists after last night s share market fiasco Australian shares hit a six month low at close of business yesterday wiping approximately 23 billion from the Read more Back to Top RBA cuts interest rates 50bp On May 1 2012 Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off Reserve Bank of Australia RBA has cut the official cash rate in its May Board meeting today following weaker than expected inflation data The Board thought it was prudent to cut the official cash rate 50 basis points to 3 75 per cent after headline inflation turned Read more Back to Top Rate cut expected after weak inflation On April 26 2012 Enconomy Financial goals House prices Inflation Interest rate Wealth Comments Off Reserve Bank of Australia is all but certain to cut rates in May with new CPI data weaker than expected CPI rose by 0 1 per cent in the March quarter of 2012 The Housing Industry Association said the CPI result was weak enough to warrant a Read more Back to Top May rate cut on the cards On April 10 2012 Australian Dollar Enconomy Financial goals House prices Inflation Interest rate Wealth Comments Off is mounting on the Reserve Bank of Australia RBA to cut the cash rate in May after unexpected hurdles slow the nation s growth The increasing cost of living may spark the RBA to drop rates with average petrol prices over the long weekend over 1 50 according to Read more Back to Top Rates on hold On March 6 2012 Finance News Inflation Interest rate Wealth Comments Off Reserve Bank of Australia has left the official cash rate on hold for the second consecutive month In the minutes of the Monetary Board Meeting the Board said that the expectation that the world economy will grow at a below trend pace this year but does not Read more Back to Top ANZ Ignore RBA Increase Rate On February 10 2012 Bank Profits Budget Enconomy Finance News Financial goals Home loan product Inflation Interest rate Wealth Comments Off and business margins in recent months being sustained following increased competition among banks for consumer and business deposits that has provided higher relative returns to ANZ s 2 9 million deposit customers higher costs paid by ANZ for 8 billion in long term wholesale funding raised since October 2011 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

    Original URL path: http://www.formula1finance.com.au/tag/reserve-bank-of-australia/page/2/ (2014-01-05)
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  • housing industry association Archives « Formula 1 Finance Formula 1 Finance
    CPI result was weak enough to warrant a Read more Back to Top Investors advised to buy now On February 29 2012 Budget Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off that are happy to put their money into property for the long term are being advised to buy now Housing Industry Association says investors with adequate savings would do well to invest in property as it is a real buyer s market at the moment Now is Read more Back to Top Property values are one the increase On March 4 2011 Enconomy House prices Interest rate Wealth Leave a comment home sales grew modestly last month suggesting the property market is on track for a full recovery According to the latest Housing Industry Association JELD WEN New Home Sales Report the number of new homes sold increased by 2 5 per cent in January 2011 Detached house sales Read more Back to Top Home construction falls sharply in June On July 9 2010 Finance News Leave a comment dip in house building after almost a year of expansion has reaffirmed the RBA s decision to keep the official cash rate on hold in July According to the Australian Industry Group AIG Housing Industry Association HIA Performance of Construction Index Australian PCI home building fell 6 8 points Read more Back to Top HIA calls for rate halt On July 2 2010 Finance News Leave a comment Housing Industry Association HIA chief economist Dr Harley Dale has called on the RBA to keep rates on hold following disappointing building approvals in May 2010 According to the Australian Bureau of Statistics housing approvals fell in five of the six states Tasmania and Western Australia suffered Read more Back to Top Housing supply crippling Australia HIA

    Original URL path: http://www.formula1finance.com.au/tag/housing-industry-association/ (2014-01-05)
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  • capital gains Archives « Formula 1 Finance Formula 1 Finance
    values were up 2 0 per cent 1 8 per cent and 1 7 per cent respectively Conditions across the Melbourne and Adelaide housing markets remained relatively subdued with dwelling values rising by 0 2 per Read more Back to Top Buying cheaper than renting RP Data On December 21 2012 Enconomy Finance News Financial goals Home loan product House prices Inflation Interest rate Wealth Comments Off of suburbs and towns at 185 where it s cheaper to take out a mortgage than a rental lease Greater Brisbane accounts for 58 suburbs while the remaining 127 can be found in the regional areas of the state New South Wales has 122 suburbs Read more Back to Top Rates on hold On August 7 2012 Budget Enconomy Finance News Financial goals House prices Inflation Interest rate Wealth Comments Off after the Australian Bureau of Statistics revealed Australia s inflation figure was now just outside of the RBA s target range sitting at 1 9 per cent While inflation was lower than expected economists still expected the RBA to leave the cash rate on hold when the Board Read more Back to Top Residential vs Commercial On May 17 2012 Enconomy Finance News Financial goals House prices Wealth Comments Off of leases Commercial properties attract longer lease periods typically three years or more rather than the 6 12 months of residential properties Maintenance costs Most residential property maintenance is the responsibility of the landlord whereas the costs of maintenance rates and repairs on a commercial property Read more Back to Top 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

    Original URL path: http://www.formula1finance.com.au/tag/capital-gains/ (2014-01-05)
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