If your tires are inflated at all times your car will run more miles on less gas.
Reserve Bank Interest Rate Announcement
The Reserve Bank has opted to keep interest rates steady at its board meeting today.
It was a widely expected move and will give mortgage holders another welcome breather from the six rate hikes they have endured since September last year.
“It looks as though the earlier interest rate hikes are already biting,” says Domain.com.au blogger Carolyn Boyd. “Auction clearance rates are down and house price growth is cooling. Real estate agents are also reporting there are less people looking to buy.”
Each 0.25 per cent interest rate rise adds another $50 to the monthly cost of an average mortgage. Australian mortgage holders are already paying about $300 more per month in repayments than they were in September last year.
Mortgage holders on variable interest rates are currently being charged about 7.4 per cent by their lenders.
Leave a Reply
- Property 'major risk for banks' February 6, 2012AUSTRALIAN banks are among the most vulnerable in the region to Europe's debt crisis, according to ratings agency Moody's. […]
- Tide turns as beachfront homes await sale February 4, 2012THE dream of owning a beach shack is still alive with a wave of run-down old beachfront homes sitting on the market waiting for the next tide of new owners. […]
- It cost $2.5m to build, it's on sale for $1.5m February 4, 2012FORMER used car salesman selling his five bedroom double-story beachfront mansion cheap. Interested? […]
- Online scam leaves renters out of pocket February 2, 2012POTENTIAL renters are being warned of an online scam that could cost them thousands of dollars. […]
- Building approvals continue to decline February 2, 2012ECONOMISTS expect the housing sector to remain soft for a while longer after new data showed building approvals continue to decline. […]
