The Today show money correspondent Ross Greenwood advised the full 25% rate cut savings was worth $3.34 billion in potential stimulus – money back in the economy. But not all banks are passing on the full cash rate cut. With some $1.33 trillion in home owner and investor home loans, Greenwood calculated that on all banks passing
Some of Australia’s biggest banks are under attack for failing to pass on in full to home loan customers the Reserve Bank’s interest rate cut. Only one of the nation’s big four banks, ANZ, has followed the RBA’s lead and cut standard variable home loan rates by 25 basis points. ANZ’s rivals, the Commonwealth Bank
Negative gearing: Labor treasury spokesman Chris Bowen says any changes to be taken to election PHOTO: Economist Saul Eslake says first home buyers are missing out in favour of negatively geared investors.(Ian Cutmore) Shadow treasurer Chris Bowen has left open the idea of Labor going to an election with a policy of winding back negative
Australia has a construction boom but it is restricted to the big multi-dwelling projects. Australia has a construction boom but it is restricted to the big multi-dwelling projects. Australian building approvals are are at all time highs. In the 6 months to February they have risen 12% in trend terms. A range of factors have
Did you know that medical doctors get special consideration from the banks and lenders in Australia when applying for a home loan? Well, they do. Medical doctors and other medical professionals such as: Anaesthetists, Dermatologists Oral and Maxillofacial Surgeons General Paediatric doctors Cardiologist Clinical Geneticists Clinical Pharmacologists Endocrinologists Nephrologists Neurologists Rheumatologists; and many other medical
Foreigners are taking the blame from some for housing unaffordability in Australia Australians appear obsessed with property. Over recent years numerous ‘reality’ television shows have popped up about property in Australia (seems Aussies are also obsessed with cooking based on the prevalence of reality cooking TV shows, or maybe eating good food out at restaurants).
Why use a mortgage broker video Video about why you should use a mortgage broker instead of going directly to the bank or lender in Australia. Using a mortgage broker really makes sense as you are getting the same products as if you went direct but have more choices, able to compare options easier
More bubble talk about the Australian housing market, can it be true this time? Whenever house prices rise in Australia someone is out there calling it a property bubble. Claiming that the Australian property market is a bubble that is about to burst is a full time job for some. I guess if you say
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- Full rate cut was worth $3.34 billion in potential stimulus
- Australian Banks rebuked over home loan rate cuts
- Negative gearing: Labor treasury spokesman Chris Bowen says any changes to be taken to election
- Australia has a construction boom
- Why do doctors get special consideration by the banks?
- Are foreigners really causing housing unaffordability in Australia?
- Why use a mortgage broker?
- Bubble talk about the Australian housing market.
- Hello from Positive Connections