RBA: further interest rate cuts likely – July 2015

RBA: further interest rate cuts likely – July 2015 appeared first on Oak Laurel. Reserve Bank of Australia (RBA) Governor Glenn Stevens stated the further interest rate cuts remains “on the table” In a speech to the Anika Foundation Luncheon in Sydney on 23 July 2015, the Reserve Bank of Australia (RBA) Governor Glenn Stevens stated […]

COBA concerned about vertical integrated mortgage brokers

The Customer Owned Banking Association has raised concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in a submission to the parliamentary inquiry into home ownership. COBA’s concerns include a misunderstanding of brokers limitations as far as lenders and products offered, obligations of the […]

New investment property loan rules: who are the losers

First home buyers buying an investment property will be big losers from bank policy changes First home buyers buying an investment property for the benefits of rental income and negative gearing will be big losers from the new lending requirements   Why would first home buyers buy an investment property? With prices already high in […]

House rents at record highs in Hobart, Melbourne, Sydney

House rents at record highs in Hobart, Melbourne and Sydney whilst Darwin and Perth showed decreases according to Domain rental report Hobart followed by Melbourne showed the greatest percentage increase in house rental prices in the March quarter, 3.1% and 2.5% respectively. The average weekly house rents in Hobart rose from$320 to $330 over the last […]

Australian property market 2015 forecast

The post Australian property market 2015 forecast appeared first on Oak Laurel. Australian property market 2015 forecast: Good news for borrowers and real estate owners The reserve bank of Australia may not have cut the cash rate today but another 0.25% rate cut before the end of the year appears likely if not inevitable. This […]

Median house price soars in Mt Waverley

Median house price soars in Mt Waverley by REBECCA DI NUZZO WAVERLEY’S STATUS AS A PROPERTY HOT SPOT HAS BEEN CONFIRMED WITH THE SUBURB RANKING AMONG MELBOURNE’S TOP 25 SURBURBS FOR THE BIGGEST GROWTH IN HOUSE PRICES. The median house price shot up 18.1 per cent to $980,000 in the year to March, eclipsing neighbouring […]

CFMEU empire crumbles as union agrees to pay Grocon $3.5m over Emporium blockade

UPDATE: CFMEU secretary John Setka says he won’t resign despite the union paying a $3.55 million legal bill to Grocon, but says there are “some regrets”. When asked by Neil Mitchell on 3AW if he would resign, Mr Setka said: “No I won’t Neil.” The CFMEU has been forced to pay for the illegal blockade […]

What is a Union?

What is a Union? “With all their faults, trade unions have done more for humanity than any other organisation that ever existed. They have done more for decency, for honesty, for education, for the betterment of the race, for the developing of character, than any other association.” Clarence Darrow A modern definition of what a trade […]

Business union payments ‘entirely possible’

Opposition Leader Bill Shorten has acknowledged it’s ‘entirely possible’ businesses chipped in union members’ fees while he headed the Australian Workers Union. But he denied he traded away workers’ conditions in exchange for direct payments to unions. Mr Shorten says he’s 100 per cent relaxed about his record as a union boss as he prepares […]