Home owners to refinance after RBA's interest rate cut
Home owners are expected to swamp banks trying to refinance from high fixed-rate mortgages after yesterday's 25-basis-point interest rate cut Are you eligible for the $900 bonus?
The Australian Government has announced a $42 billion stimulus package to help the economy avoid recession due to the global financial crisis with payment to hit bank account this week. Australian Home Loans, Confidence Rise on Rate Cuts
Australian home-loan approvals rose for a fifth month and consumer confidence jumped by the most since August, adding to signs a record round of interest-rate cuts and government handouts are boosting the economy. Most banks skim interest rate cut
The National Australia Bank is the only big bank defying the Government by refusing to pass on any of the latest official interest rate cut as Treasurer Wayne Swan increases pressure on the bank, accusing it of endangering economic recovery. Bricks and mortar safer than shares
If most of your wealth is locked up in your home and it isn't in one of the more expensive Sydney suburbs, then chances are you've done pretty well at minimising the pain associated with the financial storm. Property investors need incentives
The Federal Government may have to do more to encourage investors back into the residential property market if it does not improve in the second half of this year. Interest rates are at 45-year lows and rents are rising. Jobs fund, mortgage relief to help ease pain
Kevin Rudd has announced measures "for the dark and difficult times that lie before us" - a $650 million community jobs fund and a 12-month reprieve on mortgage repayments for people who lose their jobs. |
