Cairns Investment Properies - Latest News

Dwelling starts at 13-year lows - 19 March 2010

Over 2009 work started on 138,450 dwellings across Australia – the lowest calendar year result in 13 years (122,205 starts in 1996).

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Interest rates: Another step to normality - 05 March 2010

The Reserve Bank has lifted the cash rate from 3.75 per cent to 4.00 per cent. If banks fully pass on the rate hike then repayments on an average $300,000 loan would lift by just over $47 a month.

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Savvy consumers shun ATMs, credit cards - 01 March 2010

Aussie consumers are being increasingly savvy with their finances. Cardholders are using credit cards more often but paying off before the due date. And consumers are avoiding bank fees, preferring to get cash out on their debit cards with retailers.

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Home Prices Hit Record Highs - 01 February 2010

Australian home prices hit fresh highs in November, lifting by 1.1 per cent.

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The Big Issues for 2010 - 28 January 2010

What are the big issues facing us for 2010?

Find out with this informative overview.

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RBA Stresses no timetable for rate hikes - 20 November 2009

RBA Board minutes

At the last Reserve Bank Board meeting, members agreed that “conditions in the global and Australian economies were significantly better than had been expected earlier in the year” and “the growth outlook for the next few years had improved”.

Board members concluded that it remained prudent to gradually reduce the amount of stimulus being provided by monetary policy. Importantly the minutes highlighted that board members are not locked into a set timetable on rate hikes, rather it will be dependent on the most recent round of data.

CommSec believes that rates will rise by 25 basis points at the December meeting, before the Reserve Bank retires to the sidelines until the February meeting.

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RBA lifts rates by 25 basis points - 06 November 2009

Reserve Bank Board meeting

The Reserve Bank (RBA) has increased interest rates for the second consecutive month, lifting the cash rate from 3.25 per cent to 3.50 per cent.

The RBA said “it is prudent to lessen gradually the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker.”

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Home Prices Soar to record highs in August - 16 October 2009

Consumer confidence lifted for the fifth straight month in October. The index of consumer sentiment rose by 2.1 points to 121.4 in October, marking the highest level in more than two years (since June 2007).

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It's Only a Matter of Time For Rate Rises - 01 September 2009

With no changes to official interest rates for the fifth consecutive month, and confirmation by Reserve Bank of Australia (RBA) Governor, Glenn Stevens that we have reached the bottom of the cycle, property owners are preparing for an upward movement in rates.

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Home Lending On The Up - 31 August 2009

According to the Housing Industry Association (HIA), the number of loans for new dwellings has risen for nine consecutive months, pointing to a modest recovery emerging for residential construction.

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