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RBA warns on home loans, rates on hold

RBA warns on home loans, rates on holdThe Reserve Bank of Australia has fired a stern warning at mortgage lenders, knowing any change to interest rates is a risk to fragile economic growth. The central bank held its benchmark interest rate steady at a record low of 1.5 per cent at its April board meeting on Tuesday, in line with the forecast in an AAP survey of 12 economists. RBA governor Philip Lowe is concerned soaring housing prices are pushing up the household debt to income ratio - which he said was already at a record high earlier this year.

Directors urge negative gearing cutback

The GST should be broadened and lifted to 15 per cent while negative gearing ought to be wound back, Australia's company directors say. Ahead of Treasurer Scott Morrison's second federal budget next month, the Australian Institute of Company Directors has called for major tax reform including boosting the rate of the GST, slashing personal income tax and reviewing negative gearing. The lobby group also argues for staged cuts in the corporate tax rate while questioning the federal government's recent advances in reducing the tax rate for businesses with a turnover up to $50 million.

Loan curbs no help on home prices: Moody's

New measures to restrict investor lending are unlikely to achieve their hoped-for goal of bringing down prices in Australia's surging housing market, ratings agency Moody's has warned. Moody's says recent steps taken by regulators the Australian Prudential Regulation Authority (APRA) and the Australian Securities Investments Commission (ASIC) to crimp investor lending and calm rampant house price growth are a positive for the stability of the banking sector.

Telstra denies it is taking back stores

Telstra denies it is taking back storesTelstra says it is not planning to take control of some of its high performing stores from long-standing retail partner Vita Group. Citing a leaked internal Telstra document, Fairfax Media has reported the telco giant has identified a number of stores it wants to bring back into its own retail network, including 11 that are operated by Vita Group. Shares in Vita Group, which operates 102 Telstra stores, dropped 21 per cent, or 68 cents, to $2.54 on Tuesday.

$A falls on RBA's house market warning

The Australian dollar has fallen to a three week low below 76 US cents after the Reserve Bank warned of the economic risks posed by rising household debt. The RBA kept the cash rate on hold as expected, ...

OTR Tyre sizes & technical parameters

        Single Tyre Max Load / Air Pressure
( Kg / Kpa )
       
Specification Ply Pattern Standard Rim 65Km/H 50Km/H 15Km/H 8Km/H Section Width Out Dia. Weight (kg) Qty/40
35/65-33 24 L5 28.00 / 18630/350 889 GROW2077   10
30 20720/420  
36 23740/530  
45/65-45 38 L5 36.00 / 37720/420 1143 GROW2733   4
46 43210/530 2200
27.00-49 42 E4 19.50-4.0 19190/490 22690/490 25290/490   735 GROW2703   12
48 20750/560 24530/560 27360/560   1250
30.00-51 40 22.00-4.5 21640/420   28530/420   820 GROW2908   8
46 23680/490 27990/490/48 31220/490    
52 25610/560 30260/560 33760/560   1700
33.00-51 42 24.00-5.0 25150/420 29720/420 33150/420   895 GROW3060   6
50 27520/490 32530/490 36270/490    
58 29760/560 35170/560 39220/560   1760
36.00-51 42 26.00-5.0 29320/390 34650/390 38640/390   990 GROW3233   6
50 32300/460 38170/460 42570/460    
58 35090/530 41460/530 46250/530   2100
40.00-57 52 29.00-6.0 39060/420 46160/420 51490/420   1095 GROW3593   6
60 42750/490 50520/490 56350/490    
68 46220/560 54620/560 60920/560   3400
24.00-49 48