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…
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…
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