Australia’s building industry shrank for a 12th month in May as higher borrowing costs and consumer caution weighed on construction, a private survey showed. Continue reading
Tag Archives: interest rate
New Home Building to slump 15% in NSW this year – worse in VIC & QLD
New home building will fall 15 per cent in 2011 as interest rates and poor affordability wipe out recent stimulus-driven gains, says the HIA – Australia’s peak residential construction body. Continue reading
Construction takes a hit from rates, floods
Activity in the construction industry slowed further in January as higher interest rates and the early effects of the Queensland flooding took their toll. Continue reading
Interest rates pressure forces house sales
One in 10 home buyers believe rising interest rises could force them to sell up. Continue reading
Interest rates heading for 10 per cent, experts warn
MORTGAGE rates are predicted to hit a horror 10 per cent within the next two years as the Reserve Bank hikes rates to prevent runaway inflation. Continue reading
Recovery not felt in largest sector of the economy
The Australian Industry Group-Commonwealth Bank of Australia performance of services index is for the third month running below the 50-point line. That means the services sector of the community is in contraction rather than expansion. Continue reading
RBA suggest the Big Banks are ripping off customers
THE Reserve Bank has suggested the major banks may be profiteering from their recent round of interest rate increases, arguing moves on lending rates over the past two years have been outpacing funding costs. Continue reading
Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. Continue reading
Households set to feel the debt squeeze as interest rates rise
A new report shows households will soon begin to feel the impact of more interest rate rises after years of racking up more debt.
The Melbourne Institute Bulletin of Economic Trends for November flagged the increased likelihood of another interest rate rise in December because of low inflation and wage expectations. Continue reading
Banks jack up interest rates immediately and there is many more rises to come!
JUST weeks after lifting mortgage rates by 0.25 percentage points, the big four banks and the Reserve Bank have done it again. Continue reading
CRS Warner Kugel trading as The Insolvency Experts © 2011. All rights reserved