With another interest rate rise seemingly around the corner thanks to the high CPI reading for June, it is worthwhile looking back to see how interest rate rises over the recent past have affected the housing market. The Reserve Bank started lifting interest rates back in October 2009; prior to that, the average standard variable [...]
Archive | July, 2011
For the economic prosperity and welfare of the people of Australia
On July 27th at 11:30am a very large number of Australians will be flocking to the Australian Bureau of Statistics web site to check out the June quarter inflation numbers. Maybe I’m just growing old and boring, but I can’t recall a time when the quarterly CPI figure had been so eagerly anticipated. The reason [...]
Fixed vs Variable… the vast majority prefer to move with the market.
Over the past few months there has been a great deal of speculation about interest rates and whether we are likely to see another rate rise from the Reserve Bank any time soon. Prior to the most recent RBA meeting, most economists were tipping an August rate rise. The first Tuesday of August is when [...]
Economic insights from the Melbourne Institute’s 2011 Economic and Social Outlook Conference
Last week I attended the Melbourne Institute’s 2011 Economic and Social Outlook Conference. The theme of the conference was, ‘Growth Challenge – Riding the Resources Boom to Lasting Prosperity’. The conference was one of the best all-round economic events I have attended with a number of absolute top notch speakers involved. Overall, it was very [...]
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