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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, ...


L3-Tyre Size PR Tread Depth Standard Rim Max Load Pressure Inflated Dimensions Tube
10Km/h 50Km/h Section Width Overall Diameter TT TL
17.5-25 8 26 14.00/1.5 4750/225 2800/150 445 1350 TT/TL
12 6150/350 3650/225
16 7300/475 4250/300
20 8250/575 5000/400
20.5-25 12 29 17.00/2.0 6700/250 4500/200 520 1490 TT/TL
16 8250/350 5450/275
20 9500/450 6000/325
24 10300/525 6700/400
28 11500/625 7500/475
23.5-25 12 32 19.5/2.5 8000/225 5300/175 595 1615 TT/TL
16 9500/300 6150/225
20 10900/375 7300/300
24 12500/475 8000/350
28 13600/550 8750/400
26.5-25 16 35 22.00/3.0 11500/275 7300/200 675 1750 TL
20 13200/350 8250/250
24 14000/400 9250/300
28 15500/475 10000/350
32 17000/550 11200/425
29.5-25 16 38 25.00/3.5 12900/250 8000/175 750 1875 TL
22 15000/325 10000/250
28 17500/425 11500/325