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Australia’s housing market slumps worst in Melbourne but not as bad as expected

Australia’s house price slump has been patchy, with Adelaide recording a gain in values, and Melbourne bringing up the rear as far as house price values are concerned. Melbourne led the nation in the drop in house prices over the past quarter. Melbourne property values did the worst in the nation, with house prices sinking [...]

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 [...]