Michael Lewis Finance Consultant in Varsity Lakes, Queensland | Financial planner

Michael Lewis Finance Consultant

Locality: Varsity Lakes, Queensland

Phone: +61 401 848 431

Address: P.O Box 304 4227 Varsity Lakes, QLD, Australia

Website: http://www.inthecompanyofmoney.com.au

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25.01.2022 In what was a widely-anticipated result, the RBA today decided to keep the official cash rate on hold at its record low of 1.50 per cent. The banks however might do differently, interesting to see their movements over the next week or so .

16.01.2022 The Reserve Bank has left the cash rate on hold again today. Some lenders have announced a variable rate increase regardless of this announcement so let’s see how the other lenders react to this.

15.01.2022 Great news for First Home Buyers in Queensland, From 1 July 2016 the Great Start Grant will be known as the Queensland First Home Owners’ Grant. The Queensland Government has also announced a one-off, 12-month boost of $5,000 to the grant, which will now be worth $20,000, starting 1 July 2016.

11.01.2022 As widely predicted, the RBA board has decided to keep the cash rate at 1.5 per cent The head of investment strategy and chief economist at AMP Capital, Shane Oliver, correctly predicted the RBA’s decision, but he said that despite strength in some economic indicators, factors such as low inflation, stunted wage growth, consumer uncertainty and the high exchange rate would have all been considered by the RBA in its decision to hold rates where they were. While confidence, jobs and non-mining investment are strong, inflation remains below target, wages growth remains around a record low, uncertainty is high regarding the outlook for consumer spending and the Australian dollar is too strong. As such, it is too early for the RBA to consider raising interest rates, Mr Oliver said.

02.01.2022 Very interesting article and a reflection of current challenges facing the banking sector http://mobile.abc.net.au//home-buyers-borrowing-c/9621696