Katrina Parrington

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

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 105 other followers

  • 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 ‘Monetary Policy’

How the property cycle can impact your investment

Posted by Katrina Parrington on February 1, 2016

Regardless of how you interpret the cycle, making a good investment always comes back to the presence of growth drivers.

Source: How the property cycle can impact your investment

Advertisements

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry | Tagged: , , , , , , , , , , , , , , , | Comments Off on How the property cycle can impact your investment

RBA Holds Cash Rate for April

Posted by Katrina Parrington on April 1, 2014

The Reserve Bank of Australia has announced the outcome of its monthly board meeting.interestratessavings2[1]

The central bank left the official cash rate on hold at 2.5 per cent as most experts had predicted.

However, it may not be long before interest rates start to rise.

Five economists from Commonwealth Bank, Commsec, HSBC, ING Direct and St George told finder.com.au that the cash rate would rise during the fourth quarter of 2014.

RP Data’s head of research, Tim Lawless, also said the Reserve Bank may have to lift rates in response to the latest housing market statistics.

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , | Comments Off on RBA Holds Cash Rate for April

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

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 »

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , , | Comments Off on Reserve Bank holds Rates

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 »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Flooding may propel rates higher

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.

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , | Comments Off on THE Reserve Bank left official interest rates on hold at 4.5%

RBA to show mercy

Posted by Katrina Parrington on June 7, 2010

The Reserve Bank of Australia is expected to announce it will hold interest rates steady.

According to a report in the SMH, RBA boss Glenn Stevens will inform participants at the Western Sydney Business Connection on Wednesday that the bank will pause at 4.5% for a short term.

After a series on consecutive increases, the RBA took a breath in June and held rates steady.

 Official housing finance data for April is scheduled to be released on the same day as Stevens’ speech. The figures, which will help provide an economic barometer for the country, are expected to show a 2% drop. The decrease follows a 3.4% decline in March.

 Consumer confidence plummeted 7% in May, according to the Westpac-Melbourne Institute, and is also expected to drop in June.

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , | Comments Off on RBA to show mercy

Warning as home and rates could yet take a tumble

Posted by Katrina Parrington on May 13, 2010

  • By John Rolfe – Daily Telegraph 

PROPERTY prices and official interest rates might not rise much more this year, due to the worsening crisis in Europe.

Indeed, both could fall. Chaos on the world’s forex, debt and stock markets caused economists and futures investors to revise predictions of more rate rises this year, with the ASX opening betting between traders on a rate cut next month.

Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Warning as home and rates could yet take a tumble

Interest rates may drop

Posted by Katrina Parrington on May 8, 2010

The financial crisis in Europe may keep property prices and official interest rates down in Australia.  Until now there’s been a feeling the Reserve Bank would raise rates again this year.  Economists are revising their predictions and many are now tipping the Reserve Bank may even cut rates next month.

Common thought is that rates will hold for the next few months at least with mortgage rates levelling out, it is expected to lead to a slower housing market.

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , | Comments Off on Interest rates may drop

 
%d bloggers like this: