Thursday, December 9, 2010
The Residential Tenancies Act 2010
Changes in The Residential Tenancies Act 2010 become effective on 31 Jan 2011. These changes will affect both Owners and Tenants alike.
Tuesday, December 7, 2010
RBA Reprieve for December 2010
Based on the release of economic data last week showing that the growth in the Australian economy has fallen behind many of the world's advanced economies and consumer data released last week also showed the biggest drop in retail sales since July 2009.
Each 0.25% interest rate rise adds another ~$50 to the monthly cost of an average Australian mortgage. The official interest rate is now 4.75%.
Mortgage holders on variable interest rates are being charged a standard variable rate of around 7.83% by their lenders.
Rates will now remain on hold until at least February 2011.
Each 0.25% interest rate rise adds another ~$50 to the monthly cost of an average Australian mortgage. The official interest rate is now 4.75%.
Mortgage holders on variable interest rates are being charged a standard variable rate of around 7.83% by their lenders.
Rates will now remain on hold until at least February 2011.
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