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Tag: Reserve Bank of Australia

Not everyone is cheering about interest rate cuts

Newton’s Third Law of Interest Rates: “For every cheer, someone sheds a tear.” I know, there’s no such thing. Sir Isaac was no economist (the dismal science). He was a physicist (something that deals in relative certainty). But you could convert all three of his laws of motion into equally accurate money rules. Most notably […]

As interest rates head lower, what are some of the best ways to make this benefit your finances?

Something to cheer about? “Yeah, yeah!” There would really be something to celebrate if the bastard banks had passed on the cuts in full. No generation has more to gain from lower rates than Gen X. To generalise, our generation is geared to the gizzards. (It’s Aunty Kerrin’s retirees who are going to suffer.) Monster […]

Combating fear the way to go for first home buyers

Virgins, it must be said, don’t know what they’re missing. No matter how countless the hours they spend anticipating, fantasising and obsessing about “it”, they simply can’t know what the fuss is about until they’ve actually done it. It’s the same thing with virgins of the first home owner variety. They longingly visit open homes. […]

Rate cut bonanza

Rate cut party in … da … house! Woo-hoo! There’s nothing like the smell of a rate cut as you’re heading into winter. The Reserve Bank has just deposited a huge wad of money into your pockets. Thanks Guv’nor Stevens! Nice guy to shout all us struggling homeowners a drink, ain’t he? Not so fast, […]