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Rates lifted to 5.5 per cent [复制链接]

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发表于 2005-3-2 10:08 |显示全部楼层
此文章由 123游客123 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 123游客123 所有!转贴必须注明作者、出处和本声明,并保持内容完整
The Reserve Bank today raised official interest rates by a quarter of a per cent to 5.5 per cent.

This marks the first rise in official interest rates since the end of 2003.

The increase, which will be passed on by banks and other lenders, will add more than $30 a month to the average mortgage.

The move was widely anticipated and is seen as an attempt by the Reserve to ensure inflation is kept under control and to keep the spending habits of consumers in check.

It follows concerns that Australia's low unemployment rate, and a growing skills shortage, will lead to a breakout in inflation.

The Reserve Bank is required to target inflation between two per cent and three per cent.

The announcement comes on top of this week's disastrous current account figures, which hit an all-time record of $15.2 billion or more than seven per cent of gross domestic product.

In a statement, the Reserve Bank governor, Ian Macfarlane, said there were a range of concerns on several fronts.

He said with the Australian economy in its 14th year of economic expansion, spare capacity was becoming very limited which in turn was putting pressure on the labour and goods market.

"This is now starting to result in stronger inflationary pressures,'' he said.

"rice increases at the producer level picked up appreciably at all stages of production during the second half of 2004.

"Consumer price inflation, although currently consistent with the target, was higher than had been expected, and is forecast to increase to around three per cent by the end of next year.

"Continued pressure on raw materials prices, constraints on capacity and reports of higher employment costs, notwithstanding the steadiness to date of aggregate wage measures, constitute a risk that this forecast will prove to be too low.''

Mr Macfarlane said although Australian GDP slowed during 2004, this did not reflect any shortfall in domestic of global demand.

He said domestic spending had remain strong while the global economy had grown at its fastest pace in more than a decade.

"Conditions prevailing in Australia and abroad are likely to continue to encourage spending growth in the period ahead,'' he said.

"The world economy is growing at a faster-than-average pace and world commodity prices are rising.

"In Australia, there are high levels of confidence in both the business and household sectors, credit growth is providing ample support for spending, employment is growing strongly and national income and spending will continue to be boosted this year by the rising terms of trade.

"In these circumstances, the Board judged that an increase in the cash rate was warranted in order to reduce the risk of an unacceptable rise in inflation in the medium term.''

HSBC chief economist John Edwards said there was no surprise in the RBA's decision to lift the cash rate.

"The surprise would have been if they hadn't done it," he said.

"We have been expecting a rate rise for some time.

"We thought it would occur and the rationale of the bank that Australia is beginning to encounter capacity constraints is one that I think is right and we think this will be the first of two increases.

"It is possible we will see the next one quite soon."

Dr Edwards said capacity constraints were related to the increased risk that inflation might rise.

"I think (the RBA) will be very reluctant to rule out, in public comment, further rate rises."

AAP

New mortgage repayments ready reckoner:
LOAN    MONTHLYREPAYMENTS  EXTRA   
100,000 727.32 16.07
150,000 1090.98 24.11
200,000 1454.65 32.14
250,000 1,818.31 40.18
300,000 2,181.97 48.22
350,000 2,545.63 56.25
400,000 2,909.29 64.29
450,000 3,272.95 72.32
500,000 3,636.61 80.36
550,000 4,000.28 88.40
600,000 4,363.94 96.43
650,000 4,727.60 104.47
700,000 5,091.26 112.50
750,000 5,454.92 120.54
800,000 5,818.58 128.57
850,000 6,182.24 136.61
900,000 6,545.91 144.65
950,000 6,909.57 152.68
1,000,000 7,273.23 160.72

Based on a 0.25 per cent rate rise to 7.32 per cent on a 25 year loan term.
Source: infochoice.com.au
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2007 年度奖章获得者 参与宝库编辑功臣 飞天奖章

发表于 2005-3-2 10:33 |显示全部楼层
此文章由 astina 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 astina 所有!转贴必须注明作者、出处和本声明,并保持内容完整
We will see next one pretty soon – no good news for those on negative gearing

发表于 2005-3-2 10:39 |显示全部楼层
此文章由 m8rics 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 m8rics 所有!转贴必须注明作者、出处和本声明,并保持内容完整
astina  在 2/3/2005 10:33 发表:

We will see next one pretty soon – no good news for those on negative gearing


netative gearing的只等于涨了0.125%。还是自住的影响最大啊。
Choice. The problem is choice.

2007 年度奖章获得者 参与宝库编辑功臣 飞天奖章

发表于 2005-3-2 10:45 |显示全部楼层
此文章由 astina 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 astina 所有!转贴必须注明作者、出处和本声明,并保持内容完整
m8rics  在 2005-3-2 10:39 AM 发表:

netative gearing的只等于涨了0.125%。还是自住的影响最大啊。


true, but those with negative gearing may have already stressed up their payment capacity and may not be able to meet the extra payments required.

发表于 2005-3-3 10:36 |显示全部楼层
此文章由 joyjoyjoy 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 joyjoyjoy 所有!转贴必须注明作者、出处和本声明,并保持内容完整
请教:

什么是netative gearing?

发表于 2005-3-3 10:39 |显示全部楼层
此文章由 cheers 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 cheers 所有!转贴必须注明作者、出处和本声明,并保持内容完整
joyjoyjoy  在 2005-3-3 10:36 AM 发表:

请教:

什么是netative gearing?


差不多的意思就是用INVESTMENT PROPERTY 上的LOSS 去NET OFF 别的地方的收入,达到少上水的目的。同时享受房产增值
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2007 年度奖章获得者 参与宝库编辑功臣 飞天奖章

发表于 2005-3-3 10:40 |显示全部楼层
此文章由 astina 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 astina 所有!转贴必须注明作者、出处和本声明,并保持内容完整
Investment property is largely financed by loan. The investor enjoys tax benefits from the loss-making investment as a result of borrowing cost exceeding rental income.
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发表于 2005-3-3 10:40 |显示全部楼层
此文章由 123游客123 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 123游客123 所有!转贴必须注明作者、出处和本声明,并保持内容完整
Negative gearing is the process where a person borrows money to invest and the costs of the investment are greater than the income received. Effectively, at least on paper, the investment makes a loss for a period of time. Frequently the investor may need to contribute money to the investment as the income received from the investment may not be adequate to cover the costs.

The most common investments that are negatively geared are real estate, shares and unit trusts.
By gearing into an investment the return is magnified if the total return including capital growth is greater than the interest and other ownership costs. Equally, losses are magnified if the total return is less than interest and ownership costs.

It is important that investors have adequate income to meet their loan commitments in the event there is a shortfall in income from the geared investment. To maximise the benefits of gearing investors should have a high taxable income so they may write off their losses.
Negatively geared investments are more suitable for investors on a high marginal income tax rate with surplus disposable income.

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发表于 2005-3-3 10:42 |显示全部楼层
此文章由 hick_aus 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 hick_aus 所有!转贴必须注明作者、出处和本声明,并保持内容完整
cheers  在 3/3/2005 10:39 发表:

差不多的意思就是用INVESTMENT PROPERTY 上的LOSS 去NET OFF 别的地方的收入,达到少上水的目的。同时享受房产增值


when do you use this term, on home loan or tax return?

发表于 2005-3-3 10:46 |显示全部楼层
此文章由 cheers 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 cheers 所有!转贴必须注明作者、出处和本声明,并保持内容完整
hick_aus  在 2005-3-3 10:42 AM 发表:

when do you use this term, on home loan or tax return?


?WHERE? 可能在投资策略上用吧。HOME LOAN 和 TAX RETURN 都不用。。

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