Although we had New Year’s
3 months ago, February marked the start of the Year of the Horse in the Chinese
calendar. This symbolises strength, spirit and energy.
It’s good news for mortgage holders today - the Reserve Bank has opted to keep rates on hold at 4.75 per cent for another month.
The move comes on the back of recent comments by the Governor of the Reserve Bank that consumers had become cautious and were spending less and saving more.
“Whether we were going to get a rate rise was a bit touch and go this month,” says Domain.com.au property expert Carolyn Boyd.
You will notice a new look and feel this quarter – we have had a make over for 2010 and am very excited to introduce an updated logo and website!
The Articles in this edition are:
So what lies ahead for the rest of the financial year?
The Resilience of Melbourne s Property Market
2009 may well be remembered as the year that the residential property market defied gravity. It certainly was a year in which it proved its resilience against all expectations.
If anything has become clear from the 2009 budget - you realy need to address your strategies for Wealth Creation and protection because the Reserve Bank could move very quickly to increase interest rates if the economy starts to show signs of increases in the rate of inflation.