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  • Following predictions by most economists, the Reserve Bank has decided to leave interest rates unchanged at 2.5%.

    The decision marks a continuation of the current easing cycle, which has seen the RBA cut interest rates by 225 basis points since November 2011. 

    In response to the announcement, the Australian dollar initially jumped on the rates decision, momentarily reaching a four-month high of just over 93 US cents, but later eased back to 92.65 US cents by 3:28pm. Glenn Stevens

  • At the end of 2013 Australian house prices rose to an all-time high. According to the Australian Property Monitors, “data indicates that the median house price jumped $100,000 in 2013, the strongest growth in a decade.” Many property experts predict that there will be continued growth in 2014.

    Such a strong Australian property market has attracted a wide range of investors; overseas investors, local investors, and even first home buyers. Damon Warat, from Ray White in Brisbane

  • 7th April 2014

    Board Update - merger with bankmecu

     

    MEDIA RELEASE  MONDAY 7 APRIL 2014

    Swan Hill Credit Union members to vote on merger with bankmecu
    The Australian Prudential Regulation Authority (APRA) has approved the application and proposal for Swan Hill Credit Union to merge with bankmecu.
    The proposal will now be put before members at a Special General Meeting to be held in Swan Hill on 7 May 2014
    According to the Chair of Swan Hill Credit Union Ga


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