The RBA will be announcing whether or not they’re raising interest rates again on Tuesday 1st of June.
Auctions have been slowing and first home buyers are shy to invest due to rate rises. Investors, however, are having an easier time and have been purchasing property, but does that mean Australia is ready for another rate [...]
Interest rates are arguably the most important issue facing Australian homeowners.
However there is much confusion about who controls interest rates, what factors influence rates and how this affects mortgage repayments.
Does Wayne Swan control interest rates?
No Wayne Swan does not control interest rates. Nor does Tony Abbott.
So who does?
The cash interest rate is decided by the [...]
Around this time last month, there was a lot of buzz around about interest rates, with many expecting the Reserve Bank of Australia to increase the cash rate by at least a quarter of a percent. To most people’s surprise, though, rates remained steady largely on the back of general market uncertainty.
One month on, have [...]
First home buyers who missed the opportunity to enter the property market in 2009 are in the prime position to make their first purchase, particularly in the new home sector, as the first home buyer market returns to more “normal” conditions in 2010.
Aussie founder and executive chairman John Symond said the Reserve Bank’s recent decision [...]
While the Reserve Bank of Australia (RBA) left interest rates on hold this month, it will raise rates in November, December and February, according to a leading economist.
Alan Oster, group chief economist at National Australia Bank, said a string of positive economic data will force the RBA to move earlier than expected to raise rates.
“Markets [...]
Despite an economic downturn and unstable job market, a report released this week claims houses are the most affordable they’ve been in seven years.
According to the Housing Institute of Australia and Commonwealth Bank of Australia’s Affordability Report, low interest rates and a stable market combined to create a 14 percent improvement in housing affordability for [...]
Interest rates may be on the way down, but keeping up with homeloan repayments remains a financial headache for many Australians.
A recent Your Home survey has revealed that more and more homeowners are cutting back on household spending in order to meet mortgage repayments.
Despite recent interest rate drops, almost 40 percent of the 850 people [...]
There is new hope for the housing market, as capital cities battle for the highest price jump, according to a report released last week.
The RP Data/Rismark Australian Home Value Index showed that prices have jumped an average of 2.8 percent in the first four months of 2009, with capital cities sitting at the centre of [...]
September 2009
Download Ross Greenwood’s interview with John Symond on 2GB on 08/09/09 where they discuss the latest news on the economy, interest rates and the certification of mortgage brokers.
Download the Interview (MP3, 7.7MB)
John Symond will be appearing regularly on the Ross Greenwood Money Show.
September 2009
Annoyed that you may have missed the opportunity to take out a fixed mortgage with rates set to move higher? Well, why not create your own?
It’s not such a crazy idea. You can simply turn your current variable home loan into a pseudo fixed loan by raising your repayments to match the current fixed [...]
