Borrowers in hot seat as banks battle for business
Australia's home buyers and investors are set to be the big winners as the big banks heat up their marketing efforts in a bid to grow their market share.
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New home sales fall in four key Australian states
New home sales fell by 4.7 percent in July, the first time in five months that sales have fallen, reports the Housing Industry Association.
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Melbourne Cup day next likely RBA rate cut
Australians with home loans will have to wait until Melbourne Cup day for the next interest rate cut from the Reserve Bank reports AAP.
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July interest rate cut unlikely
A majority of economists expect that home loan owners will not see the Reserve Bank of Australia (RBA) make another interest rate cut in July, reports WeeklyTimesNow.com.au
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Further interest rate cuts a real possibility.
Following yesterdays minutes of the May meeting of the Reserve Bank of Australia (RBA), the general consensus amongst economists remains that another interest rate cut in 2013 is very likely.
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Will ANZ bank's monumental interest rate cut heat up competition?
The ANZ bank announced a 0.27 percent interest rate cut to its standard variable home loan on Friday 10 May, going over and above the 0.25 percent rate cut announced by the Reserve Bank of Australia (RBA), reports Fairfax Media.
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Interest rate cut shock waves.
Home loan owners will be rejoicing over yesterday's news of the Reserve Bank of Australia's (RBA) decision to cut interest rates by 0.25 percent to a new record low of 2.75 percent. However the news is also highlighting a number of concerns.
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Will the RBA make a move?
All eyes will return to the Reserve Bank of Australia (RBA) on Tuesday when it makes its May interest rate decision, while those with home loans will be cheering for a rate cut, any cuts could have an impact on the Aussie dollar's exchange rate.
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Wealthier Australians are more likely to ditch their bank.
According to the latest research by Mozo, when it comes to their banking products, Australians are most unhappy with their personal loans but when it comes to making a switch and saving money, the rich switch while the poor stick.
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HIA to raise awareness of stress on new housing.
While interest rates on home loans may currently be at record lows, there is another issue facing Australia's housing market that the Housing Industry Association (HIA) is now hoping to have addressed.
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