Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 1300 LENDING

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

Posts Tagged ‘Cash Rates’

Which Inner City Suburbs Are Most Affordable

Posted by Katrina Parrington on April 27, 2015

images[7]CoreLogic RP Data’s weekly Property Pulse shows which suburbs have the most affordable median value near the CBDs of Australia’s capital cities.

According to the data, the median value for Sydney’s inner city houses is significantly higher than the rest of the capital cities, with Turrella as the most affordable suburb in Sydney having a median house value of $839,676.

Read the rest of this entry »

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Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, land shortage, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Which Inner City Suburbs Are Most Affordable

IS IT A BUYERS OR SELLERS MARKET?

Posted by Katrina Parrington on April 22, 2015

FHOG pictureWhile the pendulum swung slightly in favour of sellers over the quarter to Jan 2015, market conditions in Australia as a whole remain balanced, according to the latest Commonwealth Bank-CoreLogic Home Buyers Index buyers.

In other words, supply and demand are roughly equal. A closer look at the figures, however, reveals that conditions vary greatly in different property markets around the country.

Why is this important?

Understanding whether you’re in a buyer’s or seller’s market can give you the edge when it comes to property negotiations. In a seller’s market, where demand is high, the seller can often negotiate a higher price. In a buyer’s market, where supply exceeds demand, the opposite is true.

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Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, land shortage, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on IS IT A BUYERS OR SELLERS MARKET?

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on July 3, 2012

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators continue to suggest weakening in Europe and a slower pace of growth in China. Conditions in other parts of Asia have recovered from the effects of last year’s natural disasters, but the ongoing trend is unclear and could be dampened by the effects of slower growth outside the region. The United States continues to grow at a modest pace. Commodity prices have declined, which is helping to reduce inflation and providing scope for some countries to ease macroeconomic policies. Australia’s terms of trade have peaked, though they remain historically high.

Financial markets have initially responded positively to signs of further progress towards longer-term sustainability in European financial affairs, but Europe will remain a potential source of adverse shocks for some time. While capital markets remain open to corporations and well-rated banks, low appetite for risk has seen long-term interest rates faced by highly rated sovereigns, including Australia, decline to exceptionally low levels. Share markets have remained volatile.

In Australia, recent data suggest that the economy continued to grow in the first part of 2012, at a pace somewhat stronger than had been earlier indicated. Labour market conditions also firmed a little, notwithstanding job shedding in some industries; the rate of unemployment remains low.

There have been no changes to the Bank’s outlook for inflation. Over the coming one to two years, and abstracting from the effects of the carbon price, inflation is expected to be consistent with the target. Maintaining low inflation over the longer term will, however, require growth in domestic costs to slow as the effects of the earlier exchange rate appreciation wane.

Interest rates for borrowers have declined, to be a little below their medium-term averages. Business credit has increased more strongly in recent months, though credit growth remains modest overall. The housing market remains subdued. The exchange rate has been volatile recently, but overall remains high.

As a result of the sequence of earlier decisions, there has been a material easing in monetary policy over the past six months. At today’s meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate.

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on September 6, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Conditions in global financial markets have been very unsettled over recent weeks, as participants have confronted uncertainty about both the resolution of sovereign debt problems and the prospects for economic growth in Europe and the United States. As a result, the outlook for the global economy is less clear than it was earlier in the year. Some temporary impediments that had contributed to a slowing in growth in some countries over recent months, such as the supply-chain disruptions from the Japanese earthquake and the dampening effects of rising commodity prices, are lessening. But the uncertainty and financial volatility is reducing confidence and may result in more cautious behaviour by firms and households in major countries. A number of forecasters have scaled back their global growth estimates over the past couple of months. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on August 2, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

The global economy is continuing its expansion, but the pace of growth slowed in the June quarter. The supply-chain disruptions from the Japanese earthquake and the dampening effects of high commodity prices on income and spending in major countries both contributed to the slowing. It is still not clear how persistent this slower growth will be. The supply-chain disruptions are now gradually abating and commodity prices have softened of late, though they generally remain high. In China most indications suggest only a mild slowdown so far. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Reserve Bank holds Rates

Posted by Katrina Parrington on June 7, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
The global economy is continuing its expansion, led by very strong growth in the Asian region, though the recent disaster in Japan is having a major impact on Japanese production, and significant effects on production of some manufactured products further afield. Read the rest of this entry »

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Flooding may propel rates higher

Posted by Katrina Parrington on January 21, 2011

By Adam Smith | 17/01/2011

Queensland’s floods may have the unexpected economic impact of actually raising interest rates, a new report by Deutsche Bank indicates. The bank’s assessment of the flood’s impact on the Australian economy estimates first quarter GDP growth will be reduced by 0.5%. However, this slowdown may not be enough to keep rates on hold, due to flood-related inflationary pressures.

“Given Queensland is a key producer of supply-constrained commodities, we are more inclined to view the ultimate economic impact of these floods through the lens of an inflationary supply shock,” the bank’s report said. Read the rest of this entry »

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THE Reserve Bank left official interest rates on hold at 4.5%

Posted by Katrina Parrington on September 7, 2010

 The decision met the expectations of financial markets and the majority of economists, who had predicted that Australia’s central bank would remain on the sidelines.

 The RBA, one of few central bankers in the developed world to have raised rates during the recovery from the financial crisis, is expected to hike again before the end of the year.

 In an accompanying statement, RBA governor Glenn Stevens reiterated that the underlying inflation would be at the top end of the central bank’s 2-3 per cent target range through to mid 2011 and  that the current rates setting was “appropriate for the time being”.

 “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade,” Mr Stevens said.

 “With growth in the near term likely to be close to trend, inflation close to target and with the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate for the time being.”

 Economists believe inflationary pressures will begin to emerge as a problem for the Australian economy, especially as the nation exceeds growth expectations.

 In the June quarter, the economy grew by 1.2 per cent, the fastest quarterly pace in three years – the growth translated to 3.3 per cent for the year.

 The economy is also expected to show more signs of strength this Thursday, when the August unemployment rate is tipped to fall from 5.3 per cent to 5.2 per cent.

 The move down in the unemployment rate is forecast to be driven by almost 18,000 new jobs.

 The RBA last lifted interest rates in May, one week before the federal budget.

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Commonwealth Bank warns of 4 more rate rises

Posted by Katrina Parrington on March 28, 2010

  • This would push the official rate from 4 to 5 per cent. Based on the average SA mortgage of $242,500, mortgage-holders would pay an extra $151 per month, or a total of $1713 per month.

This increase assumes that banks do not independently move their own rates higher, which has been common practice since the global financial crisis struck.

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RBA Surprise Cash Rate Held at 3.75%

Posted by Katrina Parrington on February 2, 2010

The RBA has surprised all by holding the official cash rate at 3.75%.

 It was widely accepted that the RBA would increase the cash rate by .25% when it met on Tuesday particularly with all the economic indicators suggesting a strengthening economy, inflation figures higher than expected and the unemployment figures continuing to bounce along the bottom.  All of the economic data pointed to an RBA increase and Economist’s from TV, Print and Radio nationally and internationally were all talking up the expected rate rise.

 The only bright star on the horizon was the speech given by RBA Deputy Governor Ric Battellino on December 16 in which he made the following comment: “This, however, misses the very important point that the Reserve Bank takes account of the changing relativities between the cash rate and other interest rates when setting the cash rate. Other things equal, if interest rates in the economy are rising relative to the cash rate, there is less need for the cash rate to rise.”  In simple terms Ric Battellino signalled that as the banks had increased their interest rates faster than the RBA there was less onus on the RBA to continue to increase the cash rate ie. The banks were doing the job for them.

 Given Kevin Rudd and Wayne Swan’s recent commentary around the December interest rate hike where Westpac hiked their Read the rest of this entry »

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