Michael Lewis Finance Consultant

03/07/2018

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.

05/04/2018

Very interesting article and a reflection of current challenges facing the banking sector

http://mobile.abc.net.au/news/2018-04-05/home-buyers-borrowing-capacity-to-be-cut-by-35-per-cent/9621696?pfmredir=sm

06/02/2018

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.

Credit Card Finder 01 Feb 18 Credit cards with long 0% balance transfers Feb 2018 Pay off your credit card debt with no interest for up to two and a half years. by Sally McMullen

07/02/2017

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 .

13/06/2016

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.

06/10/2015

The Reserve Bank has left the official interest rate at a record low of 2% for a fifth straight month. Good news!

08/09/2015

https://www.facebook.com/goldcoastbulletin/posts/10153154127997358
Incredible numbers, great place to invest!

THE Gold Coast will need another 133 apartment towers to help it cope with its forecast population boom in the next 20 years.

01/09/2015

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent.
Owner occupied variable rates as low as 3.99% p.a, please feel free to call me to find out more !

05/05/2015

The Reserve Bank has cut the cash rate to a record low of 2% at today's meeting. The banks should start cutting their rates so will be interesting to see by how much.