Australia’s online retail sales are continuing to climb, up to A$12.3 billion in the year ended October 2012, but fornow the share of total spending is still modest, at around 5.6%. The rate of growth in online sales has strengthened considerably over the last six months, following something of a…
For most of us, purchasing a property is the biggest financial commitment we make, so it’s important we negotiate the best possible price. A few negotiation tips: Be a reliable buyer. Make sure the seller knows you’re serious about buying and that you can be trusted. A great way to…
Australia: The Australian economy appears to have stumbled into Q4. Growth outlook is unchanged; GDP forecasts 2.3% in 2012-13 (below Commonwealth Treasury and RBA’s 3%) and 3.0% in 2013-14 (in line with Treasury’s 3% and RBA’s 2¼-3¼%). Weighing on near-term activity will be slowing mining investment, a still high AUD,…
Surprising the majority of economists yesterday, and against a 6 year “tradition” of lowering interest rates on Melbourne Cup Day, the Reserve Bank yesterday kept the official cash rate on hold at 3.25%. In his statement explaining the decision, Mr Stevens was more positive about the outlook for the US…
According to NAB’s Online Retail Index for September, online retail sales are continuing to grow, up 23% on last September. For September 2012 Australia’s online retail sales were $12.1 million, 5.5% of “bricks and mortar” retail sales (this figure excludes cafes, restaurants and takeaway food). The rate of growth for…
Global outlook: The latest business surveys suggest that conditions in the big advanced economies have stabilised after the softening in growth that took place since late 2011. Monthly trade and industrial indicators still point to a broad-based slowing across the emerging economies that have been driving most global economic growth…
To the surprise of the majority of analysts and economists yesterday The Reserve Bank lowered the cash rate by 25 basis points to 3.25%, the lowest rate in three years, and the 5th cut in the past 12 months. In a statement accompanying the decision, RBA governor Glenn Stevens said…
Scarred by losses in the share market and nervous about the global economy, more people are turning to the security of bricks and mortar and investing in property through their self-managed super funds. Direct investment in property has traditionally been restricted to those with huge amounts of money in their…
Just as the majority of Economists predicted, at its monthly meeting today The Reserve Bank of Australia decided to keep the cash rate on hold, while it awaits indicative signs of the global economy. The cash rate remains 3.5 percent. ‘‘The RBA seems comfortable with the current accommodative monetary policy…
Copyright © Mortgage Asset Services 2024. All rights reserved. Branding and website by InTwo
Recent Comments