A recent industry report has confirmed that Banks are able to charge loyal clients higher interest rates as these clients are least likely to negotiate and will simply accept the higher Bank charges. Read more
Monthly Archives: September 2012
Qld First Home Owners Grant Cancelled
First Home Owners in Queensland will be major casualties of the budget cuts announced by the new State Government with the $7,000.00 First Home Owners’ Grant to be terminated almost immediately with first home buyers only having until the 11th of October to finalise their contracts and claim the grant. Read more
Cash Rate Steady at 3.50%
Tuesday 4th September 2012
The Reserve Bank is continuing the policy of “Wait & See” by electing to retain the Official Cash Rate (3.5%) at the current level for another month.
The RBA has not ruled out future reductions to Interest Rates prior to the end of 2012.
