RBA DECISION DISAPPOINTS AUSSIE JOHN

Written on the 18 November 2010

RBA DECISION DISAPPOINTS AUSSIE JOHN

AUSSIE John Symond, the man who spruiked that he could ‘save us’ from the big banks, has expressed disappointment at the RBA’s decision to lift the cash rate to 4.75 today.

“The Reserve Bank’s decision to lift the official cash rate 0.25 per cent to 4.75 per cent in my opinion is extremely disappointing and creates risks to the ongoing health of the Australian economy,” says Symon, the founder of Aussie Home Loans.

“I believe there is still much to be concerned about globally, with fears of a double-dip recession in the US and ongoing weakness in Europe. While the Australian economy is looking healthy, we still have to be mindful of what may come in the future.

“In all circumstances, however, it’s important for homeowners to be vigilant with their mortgages. Even though rates have gone up considerably since this time last year, it is still prudent to pay as much off your loan as possible. Even the cost of a cup of coffee a day can potentially cuts years off the life of the loan, and save thousands in interest payments.”

--------------------------------------------------------------------------------
< Previous


Other Recent Articles
     COUNTDOWN TO YOUNG ENTREPRENEUR OF THE YEAR AWARDS
     SUNLAND CONFIDENCE RETURNS
     BRISBANE AWARDED FIRST LIGHT RAIL CONTRACTS
     PATENT BOOST FOR MEDIGARD
     IS QUEENSLAND THE NEW INVESTOR'S PARADISE?


Latest News

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter