Brad & Robyn’s Sunshine Coast Real Estate

The RBA raised the cash rate by 25bpts to 3½% yesterday.
· The improving economic backdrop and the risk that inflation may begin to lift again are the main reasons why the RBA is lifting interest rates, and will continue to do so.
· But today’s Statement has muddied [...]

Business and personal credit still weak as housing rises.

· Credit provided to the private sector fell by 0.2% in September, to be up just 1.7% over the year.
· Business credit fell by 1.3% (to be down 4.6%pa), as more loans were repaid. The higher AUD [...]

RBA Governor Stevens is speaking at a public policy forum in Perth. His topic is “The Conduct in Monetary Policy In Crisis and Recovery”. The talk continues the process of hardening in RBA rhetoric evident in the run up to the October Board meeting.
The decision to lift the cash rate to 3¼% was [...]

With the Reserve Bank leaving rates on hold for the minute, it is looking increasingly likely that rates will go up towards the end of 2009 and so we thought it timely to suggest ways to prepare for an increase in interest rates.
Regardless of whether rates rise or fall, it is always a good [...]

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 3.0 per cent.
With considerable economic stimulus in train around the world, the global economy is stabilising after an earlier sharp contraction in demand. Downside risks to the global outlook have diminished, though they have not disappeared and most observers expect [...]

This week’s news:
# There is a new offer from St George which is offering 1.13% off the standard variable which gets the rate down to 4.66% for the first 12 months and then allows a switch to the professional package after 12 months with waiving the $500 switch fee. So very hard to beat in the [...]

The Federal Government has extended the First Home Owners Grant Scheme Boost for six
months from 1 July 2009 to 31 December 2009.
Note: The Federal Government’s First Home Owners Grant of $7,000 will continue.
What you need to know:
* For established homes, customers must enter into the contract no later than 30 September [...]

Significant reductions to the cash rate may have had an impact as more Australians plan to choose property over shares in 2009.
A recent poll has found that 42 per cent of respondents said buying property was their financial priority for 2009. In contrast just six per cent said they planned to invest in the share [...]

With Christmas once again fast approaching, it is promising news that the Reserve Bank are tipped to lower rates again this week. It is estimated that the official cash rate could be cut by a further 1.25% in the month of December.
 
If you are currently renting or are looking to branch into an investment property, [...]

I was talking to a few of my finance buddies about 1 month ago & they were saying that the bottom of the Real Estate Market was about 2 to 3 months away (Sept or Oct) & the first Interest Rates decrease would happen in March 2009. Well with all the talk of the Reserve [...]