The last time mortgage rates were this low we were buying bread for 14 cents a loaf, listening to Elvis Presley on record-players and watching black and white TV.
Thursday, March 12, 2009
Refinance: You Could Save Thousands
This time last year we published an article on whether to refinance in the wake of rising interest rates. Today we re-visit this topic from the opposite side of the coin - whether to refinance in the wake of interest rates that are going down, rather than up!
It's a reversal of fortune that has put the smile back on the face of home owners across Australia.
Price Tags Count, Postcodes Don't
An exclusive postcode is no longer such an asset as property prices continue to drop at the top end of the market.
It is the wealth belt suburbs, where prices have risen strongly for the past four years, which are now the most affected by the economic downturn.
Online Social Networking - Value or Hype?
If you haven't already joined a web site like MySpace or Facebook, chances are you will in the near future.
For some of us, it's curiosity that draws us in, for others the chance to connect.
Tuesday, March 3, 2009
RBA Leaves Official Cash Rate Unchanged
At its meeting today, the Board decided to leave the cash rate unchanged at 3.25 per cent.
Statement by Glenn Stevens, Governor Monetary Policy RBA
Recent data confirm that the world economy has remained very weak following the sharp decline in demand that occurred late last year. The major industrial economies reported large contractions in output in the December quarter, as did a number of emerging market economies across Asia and eastern Europe. Many countries are likely to be experiencing further falls in output in the current quarter. More >>
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