Archive For June 27, 2015

More to jump on fixed mortgage rates

More to jump on fixed mortgage rates

MORE homebuyers are expected to jump on the fixed rate bandwagon before interest rates start going back up, but they may have missed the bottom of the cycle. THE proportion of borrowers fixing their home loans is sitting at a three-year low but experts tip demand will increase. Fixed rates are beginning to trend higher…

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APRA loan cap won’t hit house prices: National Australia Bank

The banking regulator’s 10 per cent-a-year cap investor credit growth will have little impact on house prices, which are being driven by strong demand and a lack of supply, says National Australia Bank. After a recent clampdown on bank lending to landlords, NAB’s head of retail banking Gavin Slater said slower growth in investor lending…

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Property experts tip Sydney and Melbourne property prices will continue to rise for some time yet

Property experts tip Sydney and Melbourne property prices will continue to rise for some time yet

 JUNE 17, 2015 Property experts tip Sydney and Melbourne house prices to continue rising. Source: Supplied PROPERTY industry experts predict Sydney and Melbourne property prices will continue to rise for the next six to 12 months. More than half of the property valuers, fund managers, financiers and analysts surveyed for the Australian Property Institute’s 34th…

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Mixed signals on business lending

15 June 2015 New business lending is picking up but business loan balances are static, according to the latest figures. Australian Bureau of Statistics lending figures released on Friday show that new commercial finance commitments rose four per cent in April, compared with the previous month (in seasonally adjusted terms). New commercial finance commitments in…

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Reserve Bank of Australia – Economic Conditions and Prospects: Creating the Upside 10 June 2015

Economic Conditions and Prospects: Creating the Upside Glenn Stevens Governor Address to the Economic Society of Australia Luncheon Brisbane – 10 June 2015 Thank you for the invitation to speak in Brisbane once again. The last time I spoke with this group, in July 2013, the economy was estimated to be growing at about2½ per…

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Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Minutes of the Monetary Policy Meeting of the Reserve Bank Board Sydney – 2 June 2015 Members Present Glenn Stevens (Governor and Chair), Philip Lowe (Deputy Governor), Roger Corbett AO, John Edwards, Kathryn Fagg, John Fraser (Secretary to the Treasury), Heather Ridout AO, Catherine Tanna Members granted leave of absence to John Akehurst in terms of…

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Remarks on Financial Integration in the Asia Pacific

Remarks on Financial Integration in the Asia Pacific

Remarks on Financial Integration in the Asia Pacific Guy Debelle Assistant Governor (Financial Markets) Speech at the Launch of the Australian Centre for Financial Studies report on Financial Integration in the Asia Pacific Sydney – 16 June 2015 It is a pleasure to speak at the launch of the Australian Centre for Financial Studies (ACFS)…

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Reserve Bank of Australia – Monetary Policy Decision – 2 June 2015

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, including…

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Home loans to be cheaper as SBI slashes base rate by 0.15% to 9.70 per cent

By: Press Trust of India | Mumbai | The nation’s largest lender State Bank of India on Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points. SBI reduced its base rate or minimum lending rate to 9.70 per cent from 9.85 per cent effective June…

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RBI cuts rate by 0.25%; home, auto loans may become cheaper

By PTI MUMBAI: Home, auto and corporate loans are likely to cost less after RBI on Tuesday cut interest rate by 0.25 per cent for the third time this year to spur investment and growth but hinted there may not be any more cuts in the near-term sending stock markets into a tizzy. Yielding to…

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