RBA Cheers borrowers with rate cut (02/10/2012) The Reserve Bank has cut official interest rates to their lowest in three years in response to a worsening outlook for the global economy and signs of a weakening local labour market. The RBA cut the cash rate by 0.25 percentage points to 3.25 per cent in a [...]
Property Values Continue to Rise (06.09.12) According to figures from RP Data-Rismark, housing prices in Australia’s capital cities Property continue to rise. Property prices in Sydney rose 0.1 per cent last month, the fifth such monthly increase this year, taking the increase over the quarter to 2.4 per cent. In other capital cities quarterly increases [...]
Tuesday 26th June 2012 The Prime Minister Julia Gillard announced on Tuesday that Negative Gearing for property investors will not be removed. The Government ruled out removing the tax break and the federal opposition is of like mind on this issue. A property is negatively geared when the costs of owning it – interest on [...]