More rate cuts likely but lenders may hold back passing it on to customers
Following the shock collapse of Lehman Brothers and fire sale of Merrill Lynch, investors have jumped on predictions that the RBA will deviate from its currently cautious approach, rating the probability of a 0.25% cut in October as a certainty and placing a larger cut of 0.50% at 63%.
Newcastle to defy gloom
Despite recent reports of a stalling market, the outlook remains bright for the Newcastle property sector, according to the local council.
Top shelf investments
Anyone thinking about dipping their toe into the premium property market will wish they did so twelve months ago. With a 30-40% jump in prices in 2007, the value of high-end properties has just entered a new territory.
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