Low rates fuel mortgage demand
Mortgages for the construction of new homes in Australia reached a seven-year high in March as buyers took advantage of record low-interest rates, lucrative government grants and house-and-land deals. Six more months for first home owners scheme
Those buying their first home have another six months to locate their dream dwelling and still benefit from last year's boost to the first home owners grant scheme. Recession will be over in months: RBA
Australia will be out of recession within months, according to new forecasts from the Reserve Bank. Australian, N.Z. Dollars Reach 2009 Highs as Slump May Abate
The Australian dollar rose to the strongest in seven months against the dollar and yen on speculation global equity markets will extend nine weeks of gains amid signs the global recession may be abating. Borrowers in no hurry to lock in low interest rates
The lowest fixed-interest mortgage rates in more than a decade have so far failed to attract masses of home owners to lock in repayments, in a sign that borrowers may have missed the best fixed-term deals of the recession. Australia Will Sell Record A$60 Billion of Bonds in 2009-2010
Australia's government plans to sell a record $60 billion of bonds next fiscal year to fund spending as the nation's first recession in two decades reduces tax revenue. Taxpayers lose on home loan competition plan
The Government's $8 billion plan to boost competition in the home loan industry by soaking up new issues of residential mortgage-backed securities is floundering, amid claims it has failed to make an impact despite paying above-market prices. |
