What the big 4 bank have done to us? They dig their profits from our pockets! A study in the prestigious Economic Record has found that the big four Australian banks have on average passed on 116 per cent of each rate rise and only 84 per cent of each cut, using monthly Reserve Bank statistics …
The weak property market has finally turned around?
HOUSE prices in Australia’s capital cities leapt 1.4 per cent in September, suggesting that recent rate cuts by the central bank are buoying the market. The finding in the latest RP Rismark Home Values Index, released on Tuesday 02/10/2012, was the largest monthly increase since March 2010. On a quarterly basis, house prices in the …
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Australia property market in capital cities over the next 12 months: the prediction of more than 11,000 Australians
Based on a survey from http://www.smh.com.au closed on 30/08/2012, the outlook for the real estate market towards the next 12 months remains gloomy. More than 11,000 Australians participated the survey. Only 13% of the responded thought the property market will improve over the next 12 months. On the contrary, 47% of the responded thought the property market will get …