Second Mortgage Loan Policy
Housing Industry says homeowners now at 'tipping point'
Today's move by the Reserve Bank to raise official interest rates for the second time in three months is likely to be the tipping point for Australia's homebuyers and renters, according to the Housing Institute of Australia.
Despite pressure on household budgets from higher petrol, food, and health costs, this year's two interest rate increases will take a further $80 per month out of the pockets of those with a mortgage of $250,000.
For the rental market which is already bursting at the seams, higher interest rates mean further rent increases, less savings, less borrowing power and most importantly, keeps home ownership out of reach.
The HIA says that today's rise comes at a time when the economy is yet to absorb the full effect of the May increase and ignores the lags that exist between changes in market sentiment and official data.
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Neurofeedback may help solve lack of attention
Erika's mother, said her daughter would sit for lessons from the old Dick and Jane reading books for only a few minutes before losing interest and asking: "Mom, can't I be done?" Before long, Erika was at the SIRRI learning center under a helmet and working to keep that frog on its lily pad. Since the neurofeedback training, her mother said Erika is reading small chapter books and learning the piano.
Sandi Keller wasn't always a believer. She found neurofeedback about two years ago after she and her husband took their eldest son to his first visit with a psychiatrist.
The boy, who is autistic, suffered emotional meltdowns whenever his routine was upset at home or in public. The Kellers walked out of the psychiatrist's office with four medications.
"I went home like a dutiful parent and looked for side effects," Keller said.