There are many news articles about credit card levels, either going up or down, at various times of the year. So many that it can get a bit confusion trying to work out exactly what figures are being quoted.
Do these balances include or exclude the credit cards that are … Read the rest
Is it better to rent a house in Australia, than it is to buy a house ?
With the comparison between rental costs and mortgage repayments at the moment, the above is a very valid question. Many people can see that renting is so much cheaper.
A $350,000 house currently … Read the rest
Every month the Reserve Bank of Australia issues a target Policy Interest rate, from which most other loans take their lead.
The historic figures for these changes have been:
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Interest rate change Tuesday 1st December 2009
The Reserve Bank of Australia increased its base Interest rates by 0.25% on 1st December 2009.
The new Base rate is now 3.75%
Mortgage rates are normally based on that RBA Base rate, with a margin added.
Expected Bank standard variable Mortgage Loan … Read the rest
Also see: ../average-wages-in-australia
National Australia Bank
NAB annual net profit
2008/09 $2.59 billion
2007/08 $4.54 billion
NAB’s bad debt results
2008/09 $3.81 billion
2007/08 $2.49 billion
With NAB’s bad debt charge now running at 0.87 per cent of average loans, the bank is sitting on some of the highest losses among its rivals … Read the rest
The Australian Consumer Prices Index (CPI) changes for the last quarters were:
Total CPI rises in last ten years for the main Australian Capital cities.
CPI Rise from September 1999 to September … Read the rest
Many banks in Australia charge a monthly fee on personal bank accounts, but not all of them do.
Not only that, but the ones that do can also offer Fee Free Banking if you ask them.
NEWS
October 2009
Some of the major Australian banks are now removing charges from … Read the rest
Sometimes I wonder how well I would do on the Australian share market, so here I go on paper only:
October 13th 2009
BUY
October 2009
The RBA increased the Base rate by 0.25 to 3.25% in Oct 2009
The big banks are now quoting the following rates for their Standard Variable Rate Home loans in October 2009.
These rates are to come into effect in … Read the rest
