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The pipeline of units under construction reaches a record high

The Australian Bureau of Statistics (ABS) released building activity data last week which showed that a record number of dwellings are currently under construction across the nation. According to building activity data for the March 2016 quarter there were 25,122 houses and 29,987 units which commenced construction nationally over the quarter.  The first chart shows […]

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RBA forced to act in Brexit aftermath?

The Reserve Bank of Australia may be pressured to cut the cash rate amid global turmoil unleashed from the Brexit vote. The central bank’s board is expected to reinstate its ‘easing bias’ when it meets next week, the Australian Financial Review (AFR) has reported. The next cash rate cut is expected to come in August, […]

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EOFY

The End Of the Financial Year is fast approaching and if you are like me you have been busy with work and family commitments, leaving yourself to last! If you are self employed this next week is a very important time because once the new tax year starts on 1 July it could be too […]

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Cash Rate Remains At 1.75%

I’d like to let you know that today the Reserve Bank of Australia has decided not to change the official cash rate. With some of the lowest rates we’ve seen since the 1950’s, it’s unlikely that we will see lenders make any changes to their rates this month. However, this might still be a good time to review your home […]

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What Will The Reserve Bank Do Today?

Rates are currently at record lows but Economists are still predicting that rates will get even lower! The Reserve Bank of Australia (RBA) meets again today to decide what to do about the Cash Rate Target. All indications are that there will be no change today but there are signs that another reduction is not […]

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Broker slams major banks over lending criteria

The tougher lending criteria being imposed by the major banks, particularly in regards to living expenses, is silly and irrelevant, the former CEO of the Australian Institute of Professional Brokers has argued. Speaking to MPA’s sister publication Australian Broker, founder and owner of Melbourne-based Universal Wealth Management, Maria Rigoni, says the tougher rules are hurting […]

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