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Boosted Grant Good News for First Home Buyers

Wednesday, 29 October 2008
As part of the $10.4 billion economic stimulus package unveiled on 14th October the government has tripled the First Home Owners Grant to $21,000 for new homes and doubled it to $14,000 for existing homes. This is expected to provide a much needed boost to the housing industry and make it easier for first home buyers to enter the market.
Read more... [Boosted Grant Good News for First Home Buyers]

Failed Bailout Makes Stocks Plunge

Tuesday, 30 September 2008
By the end of trade on Wall Street Monday 29th September the Standard & Poor’s 500 index fell the most since the 1987 crash. The Dow Jones Industrial Average dropped 778 points, its largest point drop ever and the MSCI World Index, an index of 23 developed markets slid 6.9 percent, the most in 21 years. All of this the result of US congress failing to agree on a US $700 billion rescue plan to bail out failing financial institutions.
Read more... [Failed Bailout Makes Stocks Plunge]

Further Rate Cuts Expected

Wednesday, 17 September 2008
The Reserve Bank of Australia cut the official cash rate by 0.25% on Tuesday 2nd September. Since then we have seen economic data showing that Australia’s 17 year economic expansion may be slowing. This gives further reason to believe that the reserve bank will decrease the official cash rate by a further 0.25% by the end of the year.
Read more... [Further Rate Cuts Expected]

Economy Slowing but Inflation Remains

Wednesday, 14 May 2008
There is no doubt that the economy is slowing. Recent official figures show a sharp downturn in both household and business borrowing. However inflation remains at uncomfortably high levels. Will the slowing economy be enough to convince the Reserve Bank to keep interest rates on hold?
Read more... [Economy Slowing but Inflation Remains]

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