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Market indices 23 November,2009
23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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Market indices 23 November,2009
23/11/2009 07:42 Sydney, Australia.
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23/11/2009 07:42 Sydney, Australia.
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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.
When it comes to property, the age-old issue has been should you rent or should you buy?
Most market commentators believe property prices will fall during 2009. It is a buyer's market and, for the first time in years, bargain hunters are warily stalking the Australian property scene. Some locations represent better long-term investments than others and property forecasters are already looking for hot spots.
If you have been holding off buying your first home because you expected prices to fall further in this time of economic uncertainty, the federal government has given you a huge incentive to get into the market before June 30 next year.
If you have been holding off buying your first home because you expected prices to fall further in this time of economic uncertainty, the federal government has given you a huge incentive to get into the market before June 30 next year.
The Reserve Bank has delivered a pre-Christmas bonus to homeowners with a 50 basis point cut in official interest rates.
As Australians prepare for the race that stops a nation, homeowners will be eyeing events in Martin Place as keenly as punters checking the odds at Flemington
Borrowers facing job loss can relieve themselves of significant stress if they keep their lenders abreast of their situation, a leading non-bank lender says.
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