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1 December 2009

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.75 per cent, effective 2 December 2009. Read more

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.25 per cent, effective 7 October 2009. Read more

We are concerned at recent announcements by certain banks indicating they plan to enforce minimum volume requirements on brokers in Australia.

The announcements are indicating that if brokers do not maintain lodgements of a certain number of applications with the lender that convert to settlement in a given time frame, then the broker will lose their accreditation with that lender and may be required to pay the lender to become re accredited with that lender.

This announcement follows last years dramatic reduction in commissions paid to brokers by most lenders. Read more

Date: 7 July 2009
STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY

At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent. Read more

2009 Budget Announcement

Apparently;

The First Home Owner's Boost, worth an extra $14,000 for buyers of a newly built home and $7,000 for buyers of existing homes, will be extended until September 30 at the full rate.

From October 1, the Boost will be halved to $7,000 for new homes and reduced from where it used to be at $7,000 to $3,500 for existing homes, and will no longer be offered after December 31.

Original scheme of $7000 for new home buyers to be retained.

This part is not a budget announcement; Read more

Fighting Fund Business Finance Current as at 14^th April 2009

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