RBA
Monday, June 30th, 2008
ANZ and NAB drop significantly ever since its peak in November 2007. NAB has reached its August 2004 bottom. There is still another $2.50 more to go before ANZ reach its bottom in November 2003. Have a closer look at the line that i draw vertically. When NAB is at ...
Posted in Market | No Comments »
Wednesday, May 21st, 2008
I believe Australian dollar breaking the US96c yesterday is a news everyone would have knew about. It is at a level of 24 year high and Reserve Bank of Australia may have another interest rate rise to 7.5 per cent to control the inflation. In this post http://winson-talk.com/2008/01/14/pb-foreign-currency-fixed-deposit/ dated January ...
Posted in Currency | No Comments »
Wednesday, May 7th, 2008
After the Reserved Bank Board Meeting, RBA has decided to leave the official cash rate at 7.25% for the second month in a row. RBA currently has no intention in raising the interest rates over the next few months as there is evidence showing that the growth in demand is ...
Posted in Interest Rates | No Comments »
Sunday, May 4th, 2008
With the increase of interest rates by the Reserve Bank of Australia, it is expected that the housing market will slows down. After Australian Property Monitors announced the median price for property in Melbourne for the year end 2007, I made a prediction that the house price will not go ...
Posted in Property | No Comments »
Tuesday, March 4th, 2008
Reserve Bank has officially raised its interest rates by 0.25% to 7.25% after today's monthly central bank board meeting. It is the highest level in 13 years as RBA's is concern about a worsening inflation outlook. It is the 12th consecutive increase by the RBA since May 2002 and will ...
Posted in Interest Rates | No Comments »
Tuesday, March 4th, 2008
Reserve Bank of Australia (RBA) will be having another meeting tomorrow to decide if there will be another lift on the interest rates. Markets are pricing in a 92% chance that the Reserve Bank of Australia (RBA) will raise official interest rates to 7.25%.
Posted in Interest Rates | No Comments »
Sunday, February 24th, 2008
I was looking at the news at ninemsn and the article "Melbourne's property boom cools off" caught my attention. The article mention that the clearance rates is less then 60%. Decided to find out what is the clearance rate for the past few years. The following are the result ...
Posted in Property | 1 Comment »
Tuesday, February 12th, 2008
RaboPlus offers the highest term deposit compare to the rest of the financial institute. RobaPlus gives you 7.75% in interest for putting money with them for a year. Follows by BankWest Direct which gives 7.6% for half year term. Next will be IngDirect that offers 7.5% for a ...
Posted in Interest Rates | No Comments »
Saturday, February 9th, 2008
Commonwealth Bank
Westpac
St.George
Last tuesday Reserve Bank of Australia raised its offical interest rates to 7%. Commonwealth Bank is the first bank who take the opportunity to raise its interest rates. Commonnewalth Bank lift the interest rates on its variable home loans by 0.3 percentage points to 8.97 percent instead of 0.25 ...
Posted in News | No Comments »
