THE Reserve Bank has stepped
into the breach following the global credit crisis, with a $1.1 billion
bid to revive the market for mortgage-backed bonds - 22/04/2008
The bank took $780 million in mortgage bonds
onto its books yesterday, following a $320 million investment on Friday.
The
absence of investor interest in mortgage-backed bonds has decimated the business
of non-bank mortgage lenders.
Read More
Home Loan finance
plummets as Interest Rates bite - 1/04/2008
AUSTRALIANS frightened
by higher interest rates avoided taking on home loans last month, with
housing finance falling to its lowest level in four years.
Figures from the Bureau of Statistics also show that the Big Four banks
are the winners, with the sharp decline in home loans mainly happening
in lending by non-bank mortgage providers. Banks financed almost 90% of
all home loans by value in February, which is the highest rate in 13
years.
Read More
Lower
interest rates will do the trick - eventually - 15/03/2008
Whenever
inflation rears its ugly head and the Reserve Bank jacks up
interest
rates, it's surprising how
many people start applying their minds to the mysteries of economics.
They want to be convinced that higher
interest
rates really will get
inflation down.
Read More
Rates Grip - 08/03/2008
Official
rate rises are only the start as the big banks show they're not afraid
to go a few points higher, writes Leon Gettler.
ANZ boss Mike
Smith has flagged cutbacks to loans and a rate increase next week above the
Reserve Bank's quarter-percentage-point increase.
And the banks, he
said, had good reason to push rates up and ration credit to home and business
borrowers, something he acknowledged would affect the broader economy.... Read More
Home Owners renew
Interest in renovation - 28/02/08
SYDNEY'S home owners have
shrugged off rising interest
rates and started
renovating again, with the value of renovations and additions
increasing for the first time in 18 months...Read
More
Client
Newsletter - April 2007
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