Reserve Bank of Australia’s (RBA) announcement makes it clear more rate rises are to come in 2010.
Tuesday the 2nd of March 2010’s increase brought the cash rate to 4.0 % a rise of a quarter of a percent from 3.75 %.
More insights into the latest RBA announcement can be seen at the following Article from Lending Central
RBA Governor Glenn Stevens said the basis for cutting the cash rate so quickly had now passed.
On Tuesday the 6th October 2009 the Reserve Bank of Australia increased the overnight cash rate by 25 basis points to 3.25 per cent, this marked its first monetary policy tightening since March 2008 Read the rest of this entry »
The residential property market was on the road to recovery, with the upturn expected to continue through to 2011, the Australian Property Institute’s (API) Australian Property Directions Survey has found.
The St George bank has released a report on 24 previously overlooked and discounted locations they believe to be attractive investment opportunities. Read the rest of this entry »
The first home owners grant has peaked at $21,000 for new properties as part of the government’s first stimulus package in October last year. Next year it will be returning to its original Read the rest of this entry »
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