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Don’t Panic: Tips on surviving the financial storm.
Shake your partner vigorously by the shoulders and scream: “For Gordon Gekko’s sake, don’t panic!”That’s step one to riding out the current global financial storm.Here are a few more practical suggestions culled from what the experts are saying: Read more
The Reserve Bank announced today a 100 basis point (1% p.a.)cut to the official cash rate.
The Federal Treasurer (Wayne Swan) has warned borrowers not to expect the Banks to pass on the full 1% p.a. interest rate cut due to the increase in the “Cost of Funds” on the international markets.
Westpac, CBA, ANZ and NAB have reacted swiftly to the RBA’s decision announcing the banks would pass on a 0.80% p.a. interest rate cut to their customers, whilst Rams has trumped the banks by announcing Rams customers would receive a 0.90% p.a. interest rate cut. Read more
Great savings on Stamp Duty & Mortgage Duty for QLD home buyers.
Letter from the Queensland Treasurer – Hon. Andrew Fraser MP (Member for Mount Coot-tha) dated 3 June 2008
Stamp Duty Wiped out for First Home Buyers in Fraser Budget
Stamp Duty will be slashed and Mortgage Duty scrapped to give more Queenslanders greater access to the housing market – and provide savings of almost $10,000 for anyone purchasing their first house for $500,000 or less. Read more
Australian property fell further in August, but a widespread collapse in property prices is not on the cards, according to Residex. Data for August released by Residex yesterday showed the average Australian house value fell by 1.3 per cent over the three months to August; units rose in value by 1.4 per cent. Read more
The Australian financial system remains largely shielded from the international turmoil that has battered others around the world, the Reserve Bank’s financial stability review concluded today. Read more
RBA reduced Interest Rates by 0.25% p.a.
Tuesday 2nd September 2008 – The Reserve Bank announced a 0.25%p.a. reduction in the official cash rate. This is the first official interest rate reduction in 7 years & is a welcomed respite from the current high cost of living .
Several Banks / Lenders have acted quickly to confirm that they will reduce their Home Loan Interest Rates by up to 0.30%p.a. Read more
Finding the right loan to suit your individual circumstances can be a very long and frustrating experience. There are so many different loans to choose from with so many potential pitfalls which can cost many of your hard earned dollars if you “get it wrong”. Read more
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