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23/11/2009 09:41 Sydney, Australia.
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23/11/2009 09:41 Sydney, Australia.
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The Reserve Bank has raised interest rates by 25 basis points despite recent stock market turmoil, uncertainty over the health of the US economy, massive emergency rate cuts in America and the ongoing credit crisis.
The move by Australian banks to lift interest rates by between 10 and 20 basis points without any prompting from the Reserve Bank and this week's sharemarket rout may not necessarily save borrowers from another hike by the central bank in February.
Brisbane is one of the four capital cities where house prices are running hot.
Over the year to September 30 Melbourne has been the hottest house market.
It's a mixed bag for property in 2008 — with plenty of chances to make money but also a tough time for many home owners with big mortgages
Sick of paying high rents for unsatisfactory accommodation that you can't decorate? Why not team up and buy a home with your friends?
If you had locked into a fixed term loan a couple of years back, you would be feeling pretty smug right now after 7 rate rises since 2006.
Interest rates are a major talking point in Australians' lives, and rightly so: after all a mortgage is often the biggest financial responsibility facing families. But how do they work and who's in charge?
Interest rates are a major talking point in Australian's lives, and rightly so: after all a mortgage is often the biggest financial responsibility facing families. But how do they work and who's in charge?
There's no limit to what you can pay these days.
51 - 60 of 103 articles
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