Skip to main content

Rates stay on hold at 2.75%

The RBA has decided to keep the cash rate on hold today, meaning that homeowners will have to face another month of interest rates at their current levels. For many, this move has not come as a surprise as most economists predicted that a rate cut was unlikely given the present state of the economy.

Although conditions have worsened somewhat with the recent sharp slide of the Australian dollar, the move to reduce interest rates is viewed as a last resort by the RBA with rates already at historically low levels. Furthermore, the bank feels there is still room for results to deteriorate before any further action is required.

Despite interest rates remaining on hold, there is still ample opportunity for you to take advantage of the current market, with lenders competing harder than ever to secure your business.  Speak with the Rates Direct team today, to find out how you could join the hundreds of Australians finding the best home loan deals in the market.

Comments

Popular posts from this blog

Melbourne Earthquake?

Image extracted from The Age Was it an earthquake just now? Updates:  4.5 earthquake rocked south Victoria (near Moe) at July 20, 2012 7:11pm News Update:  News.com.au  or ninemsn  or The Age .

Brivis Heater - Error Code #69

My Brivis HX23 Heater broke down this week.  H01 Code #69.  This code was not even listed in the User Manual!  Searching around the web and here is what I found: Secret Reset: This is not in the User Manual.  On the networker controller press FUNCTION > 1 > 4 keys and the screen will go blank and come back on after 30 seconds, this has rebooted the main PCB and reset the fault code. Use this with caution as too much gas build up could cause an explosion. Use it only after the unit has enough time to air out the gas build up. What is Code #69 or any other unpublished codes?  The best way to find out is to open up the heater unit.   There is a little LCD on the PCB showing what error exactly is. (Note: Opening up the unit may void your warranty.)

Restricted enrolment schools (Melbourne Eastern Region)

Due to facility limitations, Eastern Metropolitan Region has a number of schools with enrolments restricted in various ways. These schools are not required to enrol students outside their neighbourhood area unless they have spare places. They are referred to as having an enrolment ceiling and/or a designated neighbourhood area (formerly known as zones).  Any additional students must be enrolled strictly according to Department of Education and Early Childhood Development priority criteria. SCHOOLS WITH AN APPROVED ENROLMENT UNDERSTANDING Designated Neighbourhood Area In some instances the Regional Director may need to restrict new enrolments at a particular school and will therefore specifically designate the neighbourhood area (formerly referred to as a zone).  Children who live outside the Designated Neighbourhood Area cannot be guaranteed a place at that school even if it is their closest neighbourhood school.  The the following schools have an apporved Designated Nei