So the 2009-2010 Budget has been released and was there an absolute firestorm in parliament or what ? It was amazing to watch Question Time today and one really wonders how anything is done at all over all the shouting. So all in all, it is clear that the main two words which come out [...]

So just how safe is your bank ? Well Global Finance has released its list of the worlds “Top 50 Safest Banks” and interestingly a number of Australian Banks feature on the list in high ranking places. National Australia Bank (NAB) takes the top place at spot 11 – yes, that 11th in the world [...]

The RBA has left interest rates on hold today on the back of overnight global woes. Most noticably, the Statement by Glenn Stevens states (in summary) the following:

World economy has remained very weak following decreases in demand late last year
Conditions in global credit markets have improved since November last year, but remain fraigle
Demand has not [...]

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The good news is that the RBA has slashed interest rates by 100 Basis Points to a new modern era low of 3.25% – the lowest since 1964. So what does this mean for the average Australian ? Well, the good news is that on a 30-year typical $300K homeloan, a $170 bucks a month [...]