Study shows being happy pays off financially
We've all heard the expression money can't buy happiness, but new research from The University of Western Sydney may have proved the reverse. It turns out that cheerfulness attracts money.
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Could IMF caps pop the housing bubble?
The International Monetary Fund (IMF) released a paper this week calling for tighter lending rules and lower LVRs to be introduced globally to prevent banks from fuelling housing bubbles. With Auction clearance rates at record levels and the value of homes in major cities up 5.84% on last quarter, the Australian property market recovery may be in full swing but the latest from the IMF and APRA could tamper the flame.
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Borrowers in hot seat as banks battle for business
Australia's home buyers and investors are set to be the big winners as the big banks heat up their marketing efforts in a bid to grow their market share.
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New home sales fall in four key Australian states
New home sales fell by 4.7 percent in July, the first time in five months that sales have fallen, reports the Housing Industry Association.
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Melbourne Cup day next likely RBA rate cut
Australians with home loans will have to wait until Melbourne Cup day for the next interest rate cut from the Reserve Bank reports AAP.
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July interest rate cut unlikely
A majority of economists expect that home loan owners will not see the Reserve Bank of Australia (RBA) make another interest rate cut in July, reports WeeklyTimesNow.com.au
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Further interest rate cuts a real possibility.
Following yesterdays minutes of the May meeting of the Reserve Bank of Australia (RBA), the general consensus amongst economists remains that another interest rate cut in 2013 is very likely.
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Will ANZ bank's monumental interest rate cut heat up competition?
The ANZ bank announced a 0.27 percent interest rate cut to its standard variable home loan on Friday 10 May, going over and above the 0.25 percent rate cut announced by the Reserve Bank of Australia (RBA), reports Fairfax Media.
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Interest rate cut shock waves.
Home loan owners will be rejoicing over yesterday's news of the Reserve Bank of Australia's (RBA) decision to cut interest rates by 0.25 percent to a new record low of 2.75 percent. However the news is also highlighting a number of concerns.
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Will the RBA make a move?
All eyes will return to the Reserve Bank of Australia (RBA) on Tuesday when it makes its May interest rate decision, while those with home loans will be cheering for a rate cut, any cuts could have an impact on the Aussie dollar's exchange rate.
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