Darwin: More fuel for Australia’s property hotspot

Japanese resources giant Inpex has made the long-awaited announcement that its $30bn Ichthys gas project will go ahead, fuelling speculation that Darwin’s property market is set to take off. The project, which will see natural gas pumped into the city for processing into liquefied natural gas (LNG), is expected to boost the Northern Territory’s gross state product by 18% per year over the course of 40 years, says Inpex. In dollar terms, Inpex expects the Ichthys gas project to boost the Au...
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The RBA and Interest Rates

When considering a new home loan or changes to your existing mortgage one of the first considerations is the interest rates on offer. But what about the future direction of interest rates? For that we need to learn about an organisation called.... The Reserve Bank of Australia (RBA) is the Central Bank 1 that controls the cash rate 2, which in part controls the interest rate charged to consumers by lending institutions for credit products including mortgages and home loans. (more…)
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