Posted by Source - Craig James, Chief Economist, CommSec
on 8 April 2014
Housing finance; NAB Business survey
Record home loans: The value of all home loans rose by 0.2 per cent to record highs in December.
The number of new owner-occupier housing loans fell by 1.9 per cent in December, just the second fall in the past the past 11 months.
First home buyers accounted for just 12.7 per cent of all loans in December, lifting from record lows.
Business conditions at 34-month high: The NAB business confidence index rose from +6.3 points to +7.8 point...
Posted by RP Data
on 3 April 2014
Industry Market Wrap
The Reserve Bank released the minutes of their February board meeting earlier this week. The key theme of the minutes is that the RBA is likely to maintain their neutral policy setting over the short term at least which implies a stable cash rate. The RBA sums it up with this quote from the Minutes: "the most prudent course would likely be a period of stability in interest rates". One of the Bank’s most challenging considerations is the higher than exp...
