Australia wakes up to a new prime minister and governance with the Rudd Labor government taking charge after strong campaigning on housing affordability, interest rates and a commitment to continue a strong economy that delivers to ‘working families’.
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The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 18/11/07:

December Rate Rise unlikely
News.com.au
Scott Murdoch reports on recent economic data suggesting that the RBA is unlikely to rise interest rates in December. There is also coverage here Chance of December interest rate rise slips at the Geelong Advertiser reporting similar indicating the Reserve Bank of Australia (RBA) is less likely to raise interest rates next month after the release yesterday of new figures showing wages growth remains relatively well contained. Australian Business Economists executive committee are tipping that interest rates will peak at 7.25 per cent towards the end of 2008.
(more…)

Possibly Related Posts:

• Australians love mortgages much more than 20 years ago
• New Reserve Bank rise means we’ll pay more on our mortgages
• Want to be a first homeowner? Affordability study says you’re too late
• Mortgage repayment problems on the rise
• Banks warned not to raise our mortgage rates again

The 2007 election is now in it’s final weeks and quite traditionally as voters start to listen the campaign launches begin. Quite correctly housing affordability is one of the big issues to be addressed by both parties and something which has been the subject of much debate and commentary for some time.
(more…)

Possibly Related Posts:

• Australians love mortgages much more than 20 years ago
• New Reserve Bank rise means we’ll pay more on our mortgages
• Want to be a first homeowner? Affordability study says you’re too late
• Mortgage repayment problems on the rise
• Banks warned not to raise our mortgage rates again

The news you didn’t want to hear but were probably expecting anyway – the Reserve Bank Governor, Glenn Stevens, and the board raised the overnight cash rate target to 6.75%, up from 6.5%. (more…)

Possibly Related Posts:

• Australians love mortgages much more than 20 years ago
• New Reserve Bank rise means we’ll pay more on our mortgages
• Want to be a first homeowner? Affordability study says you’re too late
• Mortgage repayment problems on the rise
• Banks warned not to raise our mortgage rates again