At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010. The global economy grew faster than trend over the year to mid 2010. Global growth will probably ease back to about trend pace over the coming year as strong recoveries in the emerging world […]

Property investors were given a breather with the Reserve Bank’s decision to keep interest rates at 4.5 per cent yesterday. A rise of .3 per cent in retail sales in August after one of .7 per cent in July has also given retail landlords a boost before the crucial Christmas trading period. Economists said that […]

Median house prices grew significantly over the June quarter, a new report has found. According to Mortgage Choice’s Real Estate Market Facts report, the median house price climbed 3.2 per cent to $533,243 last quarter. Mortgage Choice Senior corporate affairs manager Kristy Sheppard said the auction market had performed well, especially when compared with the […]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010, but will probably ease back to about trend pace over the coming year. Growth in China is moderating to a more sustainable rate as policies are […]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010. The expansion has been uneven, with the major advanced countries recording only moderate growth overall but growth in Asia and Latin America very strong. There are indications […]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth in Asia and Latin America, to […]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. Since the Board last met, concerns about sovereign creditworthiness in several European countries have been a focus of financial markets. Investors have generally displayed a good deal more caution. As a result, equity prices have fallen and long-term […]

At its meeting today, the Reserve Bank decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010. Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain […]

For cashed-up buyers, the premium housing market could be poised to deliver excellent returns, RP Data national research director Tim Lawless says. Australia’s premium housing markets have had a wild ride over the past three years, Lawless says. While values in the million-dollar-plus sector of the residential market are up, sales volumes remain low, he […]

Australia’s population is growing 2.4% annually according to the latest figures from the Australian Bureau of Statistics (ABS). That is 523,186 new residents per year. The average household size of Australia is currently 2.6 people, which equates to 201,225 new homes that need to be built per year. During 2009, only 137,698 dwellings were commenced […]