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14/03/2010 11:18 Sydney, Australia.
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14/03/2010 11:18 Sydney, Australia.
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14/03/2010 11:18 Sydney, Australia.
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14/03/2010 11:18 Sydney, Australia.
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Market indices 14 March,2010
14/03/2010 11:18 Sydney, Australia.
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14/03/2010 11:18 Sydney, Australia.
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The Reserve Bank of Australia (RBA) has slugged cash-strapped homeowners with an interest rate rise just before Christmas, raising the cash rate to 3.75 percent today.
Interest rates are a major talking point for Australians and rightly so: after all a mortgage is often the biggest financial responsibility facing families.
The Reserve Bank will slash a further 1.5 percent off interest rates and the cash rate will fall to 2.75 percent by the middle of next year, according to a leading economist.
Homeowners are set for a early Christmas present today courtesy of the Reserve Bank, which is set to deliver an interest rate cut of at least 0.75 percent.
Homeowners are set for a early Christmas present today courtesy of the Reserve Bank, which is set to deliver an interest rate cut of at least 0.75 percent.
Homeowners are set for a early Christmas present today courtesy of the Reserve Bank, which is set to deliver an interest rate cut of at least 0.75 percent.
The Gold Coast and Sydney's blue-chip suburb of Vaucluse have joined the city's south-west as the areas suffering most from mortgage stress.
The Reserve Bank could cut interest rates by as much as 1 percent next month as the economy continues to show signs of slowing.
The Reserve Bank has delivered a pre-Christmas bonus to homeowners with a 50 basis point cut in official interest rates.
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