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Home Loan Newsletter – October 2014

Reserve Bank interest rate announcement - October 2014 Today the Reserve Bank of Australia met to review the official cash rate. They have decided to leave this rate steady at 2.50% pa. The official rate has remained unchanged for 13 months now.  We expect that most lenders will leave their rates unchanged, in line with

Australian House Prices – Where to from here?

Australian House prices enjoyed a very strong boom over the last 20 years (with some moderation during the Global Financial Crisis [GFC]). But despite the fears during the GFC, house prices have not fallen sharply like those in the US and other parts of the world. Some key statistics on Australian house prices at the moment