Archive | November, 2008

New building standards may result from QLD storm damage

Insurers want building materials to be more resilient to Climate change, the subsequent damage that it will do to homes in the future. They have warned of constructing “increasingly brittle” buildings that will be harder to insure given the risk of extreme weather. It says existing building codes say nothing about the effect of hail [...]

Reserve Bank of Australia to cut home loan interest rate by one percent

Reserve Bank of Australia to cut home loan interest by 1 per cent to boost spending 2008 November 22 by admin The Reserve Bank of Australia, which was completed blindsided by the World financial crisis, has to reverse its decisions made in haste over the past few months. Mortgage interest  rates may drop by another 1 per [...]