Economy Scores Top Marks

It's not just swimming and cricket that Australia does well at, it seems our economy scores top marks against the rest of the world.

According to the Reserve Bank, the Australian economy is in "better shape than most" and "will remain one of the better performing economies in the developed world". More Email

Lending Criteria Tightened

Last year you could take out a home loan without so much as a deposit. This year you need money in the bank and a good credit history at your disposal.

The financial crisis has seen mortgages with Loan-to-Valuation Ratios (LVRs) of 100 per cent withdrawn by banks and building societies across the developed world, with Australia more recently following suit. More Email

Housing Market Grows

If there's a good news story to come out of the gloom of a recession, it's that Australia's property market may no longer be under the hammer.

Record low interest rates and the First Home buyers boost have done their job in re-energising the market, with strong signs that people are once again confident about buying property. More Email

Tax Time

With June 30 fast approaching, it pays to start getting your paperwork in order for tax time.

You might dread the prospect of sorting through old bank statements and boxes full of receipts but if you can achieve a decent tax refund then it is time well spent! More Email

RBA Leaves Official Cash Rate Unchanged

At its meeting today the Board decided to leave the cash rate unchanged at 3.0 per cent.

Statement by Glenn Stevens, Governor Monetary Policy RBA

The global economy contracted further during the first few months of this year. While the near-term outlook remains weak, there are further signs of stabilisation in several countries. The Chinese economy in particular has picked up speed in recent months and many commodity prices have firmed a little. The considerable economic policy stimulus in train in most countries should help contain the downturn and support an eventual recovery. More Email