- August 1994

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Home Improvement Loans News

Home Loan Slump Prompts Attack On Reserve Bank

18 August 1994

Another slump in home lending during June has buried fears about overheating in the housing industry - and prompted strong criticism of the decision by the Reserve Bank to increase official interest rates. Housing industry groups and the coalition yesterday accused the bank of acting hastily in p.. read full story

Rates Rise Sparks Warning

17 August 1994

Home buyers face extra mortgage payments of up to $40 a month while many businesses will pay more for loans in the wake of yesterday's 0.75 per cent lift in official interest rates. And the ACTU president, Mr Martin Ferguson, has warned that ``excessive" increases in interest rates could se.. read full story

- August 1994

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