In a not so surprising end to 2014, the Reserve Bank has kept rates on hold at 2.50%. Jessie Richardson shares the expert’s responses. Deutsche Bank has predicted two rate cuts for 2015 on the back of easing price growth. The economists expect the RBA will cut rates by half a percentage point in 2015. They’re not the only ones tipping a cut. Three experts have predicted a drop in the cash rate in 2015. Meanwhile, a further 34 expect the next change will be a hike, most likely in quarter three or four next year. The proportion of interest only loans from banks hit 42.5% in the September 2014 quarter, up from 35% of investor loans early last year, writes Jonathan Chancellor. We’re coming into the festive season – but is it time to shop around for your loan? Refinancing and home loan activity is usually down over December, but Zoe Fielding looks at the benefits of shopping around at this time of the year. With interest rates low, affordability is still a topic of debate. The Urban Development Institute of Australia has nine suggestions for how the federal government can fix affordability.
Posted on: Tue, 02 Dec 2014 08:30:00 +0000
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