Archive for May 2009

Housing affordability at highest level in 7 Years

Posted on May 20, 2009, 12:05 am, by admin, under Mortgage News.

Australian housing prices are at their most affordable level in seven years, with falling prices and new Government grants pushing new buyers into the market.

The Housing Industry Association-Commonwealth Bank First Home Buyer Affordability Index recorded a 14.6% increase in the March quarter, after a 40% increase during the final quarter of 2008.

The new research shows [...]

Comments Off | Read the rest of this entry »

RBA leaves interest rate unchanged

Posted on May 5, 2009, 10:13 pm, by admin, under Mortgage News.

As predicted the Reserve Bank of Australia monthly meeting has decided to leave Interest Rates at their current level of 3.0%. Citing the need to wait until the Stimulus package and previous interest rate cuts had sufficient time to work through the economy.
Having just come back from a trip to the UK where things are [...]

Comments Off | Read the rest of this entry »