Interest rate change Tuesday 1st December 2009
The Reserve Bank of Australia increased its base Interest rates by 0.25% on 1st December 2009.
The new Base rate is now 3.75%
Mortgage rates are normally based on that RBA Base rate, with a margin added.
Expected Bank standard variable Mortgage Loan … Read the rest
Also see: ../average-wages-in-australia
National Australia Bank
NAB annual net profit
2008/09 $2.59 billion
2007/08 $4.54 billion
NAB’s bad debt results
2008/09 $3.81 billion
2007/08 $2.49 billion
With NAB’s bad debt charge now running at 0.87 per cent of average loans, the bank is sitting on some of the highest losses among its rivals … Read the rest
The Australian Consumer Prices Index (CPI) changes for the last quarters were:
Total CPI rises in last ten years for the main Australian Capital cities.
CPI Rise from September 1999 to September … Read the rest
Many banks in Australia charge a monthly fee on personal bank accounts, but not all of them do.
Not only that, but the ones that do can also offer Fee Free Banking if you ask them.
NEWS
October 2009
Some of the major Australian banks are now removing charges from … Read the rest
Sometimes I wonder how well I would do on the Australian share market, so here I go on paper only:
October 13th 2009
BUY
October 2009
The RBA increased the Base rate by 0.25 to 3.25% in Oct 2009
The big banks are now quoting the following rates for their Standard Variable Rate Home loans in October 2009.
These rates are to come into effect in … Read the rest
The ratio of Household Debt to Disposable income has more than tripled since the early 1990s, to around 160 per cent in 2008. source: www.treasury.gov.au
One possible cause of this is the increase in Property Ownership in Australia, especially with Investment Property ownership.
The Reserve Bank of Australia publishes monthly … Read the rest
6 October 2009
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points, to 3.25 per cent.
Statement by Glenn Stevens, Governor: Monetary Policy
For many years Australia has had higher interest rates than many other … Read the rest
This graph shows the way that the Australian Governments Net Debt has moved, over the last 30 years, as a percentage in relation to GDP, and what it is expected to do in the next couple for years, following the reaction to the Global Financial Crisis.
and then this one … Read the rest
