News

Interest rates on hold may not be a bad thing

Mortgage Choice mortgage broker and home loan specialist Dawn Courage isn't worried the RBA kept interest rates at 3%.
Mortgage Choice mortgage broker and home loan specialist Dawn Courage isn't worried the RBA kept interest rates at 3%. Aaron Veryard

THE Reserve Bank leaving interest rates unchanged at 3% may not be such a bad thing.

"It's going to give a period of stabilisation," Mortgage Choice mortgage broker and home loan specialist Dawn Courage said.

"It means people can have more confidence to go out and spend the money they've saved on home loans."

There are some encouraging signs in sight.

"We are seeing encouraging signs in the economy that should lead to further positive consumer and business sentiment," Mrs Courage said.

"For a start, home loan interest rates are at historic lows, and any future cuts will be icing on the cake for existing borrowers and those looking to get into the property market.

"Property prices now appear to be on the rebound, with national home prices rising by 1.3% over the year to February, according to the latest research by RP Data.

"This may not be viewed as good news by those looking to get into the market now but it shows better long-term capital growth prospects."

When it comes to loans it is very important to do your research.

"The best rate you're likely to get is under 5%," she said.

"Certainly do your research; some loans are huge at almost 10%."

But the sceptics are out there.

REINSW CEOTim McKibbin was concerned with the decision.

"The RBA's failure to act now is jeopardising the young shoots of growth we saw in the property market and markets generally towards the end of last year and early in 2013," he said.

"A rate cut would have given the injection of confidence needed if we are going to build upon what we have achieved to date.

"The RBA's decision to abandon its rate cut strategy is very dangerous. The fragile improvements we have seen to date need to be supported with further interest rate reductions this year."

The RBA cut interest rates four times in 2012, with falls of 25 basis points in December, October and June and 50 basis points in May.

The next meeting will be April 2.

Topics:  interest rates mortgage choice



Don’t go chasing waterfalls…find them on these drives!

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Is Brisbane the new arts and culture capital?

Check out GOMA's latest exhibition - it's all about hair! GOMA 10 Ambassador Patience Hodgson visits Nervescape V 2016 by Icelandic artist Hrafnhildur Arnardóttir (aka Shoplifter), commissioned for ‘Sugar Spin: you, me, art and everything’ at the Gallery of Modern Art, Brisbane. 
Photograph: Natasha Harth, QAGOMA

THE rest of the world should be envious of this line-up!

Tweed MP to fight to have daylight savings reduced

Tweed MP Geoff Provest want daylight saving reduced by one month.

Tweed set to fight to have daylight savings reduced by a month.

Live music: Boogie on down this weekend

Moreland & Arbuckle will be playing the Currumbin Soundlounge on Friday from 8.30pm.

Gig Guide: What's on around Tweed (Feb 23 - 27)

Elderly man taken to hospital after Tweed crash

Motor vehicle accident on Terranora Road, Banora Point.

Man taken to hospital following two-vehicle crash.

Local Partners

Take a tram to Mooball

Catching a tram from Mooball to Bryon could become a reality.


Neil Finn to headline Bluesfest

Neil Finn, of Crowded House fame, will play in Byron Bay with his wife Sharon and their band The Pyjama Club on June 11.

DON'T dream, it's not over, Neil Finn to hit the stage

Sir Elton John coming to Mackay: What you need to know

Sir Elton will come to Mackay and Cairns in September.

Tickets to the concert go on sale on March 14

MAJOR ANNOUNCEMENT: Global superstar to rock Mackay in 2017

A major concert is set to rock Mackay this year.

Mackay, Cairns to host world's biggest superstars Sir Elton John

New festival joins Quiksilver Pro party

The Rubens, Beautiful girls join line up for inaugural festival

Live music: Boogie on down this weekend

Moreland & Arbuckle will be playing the Currumbin Soundlounge on Friday from 8.30pm.

Gig Guide: What's on around Tweed (Feb 23 - 27)

Bliss N Eso announce tribute show for stuntman

Bliss N Eso will play a tribute show at Coolangatta in honour of Johann Ofner. The stuntman died during the filming of the group's Friend Like You film clip earlier this year.

BLISS N Eso to play tribute show to raise funds for killed stuntman

Neil Finn to headline Bluesfest

Neil Finn, of Crowded House fame, will play in Byron Bay with his wife Sharon and their band The Pyjama Club on June 11.

DON'T dream, it's not over, Neil Finn to hit the stage

MOVIE REVIEW: Trainspotting sequel as good as original

Ewen Bremner in a scene from the movie T2: Trainspotting.

Director Danny Boyle proves sequels can be done well.

How Karl Stefanovic's wife, kids found out about girlfriend

Karl Stefanovic and Jasmine Yarbrough after their day on Sydney Harbour. Picture: Jonathan Ng

Pictures splashed across tabloid were shock to family

WATCH: Toowoomba opera hopeful's incredible voice

Kaitlyn Orange attends Opera Queensland auditions at Empire Theatres for Opera at Jimbour, Saturday, February 18, 2017.

Opera hopefuls vie for parts in performance at Jimbour House

Waterfront luxury in Tweed

14 The Mainbrace, Tweed Heads

Check out house of the week.

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

Get Moo-ving to Mooball

The old Pacific Highway and Murwillumbah railway line cut a parrallel path throughThe thriving village of Mooball , looking North East towards Murwillumbah and Mount Warning.

An expansion plan has been approved.

Ready to SELL your property?

Post Your Ad Here!