by admin | Aug 6, 2024 | Ask Alan News
I have asked you (my clients) many times if you want to know my opinion on why interest rates and house price are as they are. The clear answer is… NO ! What we do want from you – is what should we do… Let me go back a bit first. Every decade has had a defining...
by admin | Apr 11, 2024 | Ask Alan News
A report from a government committee has suggested that Australian Banks be forced to issue “Tracker Mortgages” (Aust Financial Review 27 March 2024). Australian banks have unsurprisingly pushed back. A “tracker mortgage” supposedly “tracks” the Reserve Bank cash rate...
by admin | Jan 30, 2024 | Ask Alan News
There are things that can be taken as almost certain this year – so let’s plan for them. On the money supply side: At some stage this year the Reserve Bank will start to reduce rates. When rates fall by 0.25% it is almost certain that banks will act with their usual...
by admin | Nov 14, 2023 | Ask Alan News
This time WHY matters. The 3-year bond rate in the US is 5.30%, the 10-year bond rate 4.65%. The 3-year bond rate in Aust is 4.35%, the 10-year bond rate is 4.75%. Banks BORROW to lend to you at the 3-year bond rate (among many other sources) – so money is COSTING the...
by admin | Aug 2, 2023 | Ask Alan News
“The balance of risks now favour the prospect that the RBA is now on hold” – Bill Evans (The Australian Wed 2nd Aug 2023) I predicted quite some time ago that the “peak” of this interest rate cycle would be 6% (to you) and that you should plan around that – and...
