Since the Reserve Bank dramatically reduced interest rates by half a percentage point last week, most banks have passed on some of the rate reduction to mortgage
are designed to help offset the growing cost of living, the impact of the carbon tax and help improve buyer confidence.

The budget has also projected a surplus of $1.5 billion for the next financial year. This will provide a stable platform for the Reserve Bank’s interest rate policy.

The Australian Bureau of Statistics jobs data provides more positive news. Australia’s unemployment rate fell to 4.9% in April, the lowest since March last year. The NSW rate increased fractionally to 4.9%, but it’s still the second best performing State. Booming Western Australia is at a 3 year low of 3.8%.

Consumer confidence is also improving slowly, with retail sales up 1.2% in March, according to ABS data released last week.


Saturday 19th May, 2012

2.30 – 3.00 8 Bachli Court, Anglesea

3.00 – 3.30 126 Harvey Street, Anglesea

Sunday 20th May, 2012

11.00 – 11.45 Narani Way, Fairhaven

12.30 – 1.00 25 Alice Street, Aireys Inlet

1.00 – 1.30 1 Werona Road, Fairhaven

1.30 – 2.00 28 Old Neuk Road, Moggs Creek

James Worssam M: 0418 585 815


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