Hi again everyone. With 2011 almost over, it is now probably a good time to look at what has happened throughout the year, run a “snap-shop” of where we are now and, most importantly, look forward to what might happen in the markets in 2012. I will try to keep it brief.
So, What Has Happened in 2011 and What is Projected for 2012
Variable interest rates remained flat for the first 10 months, then we saw two consecutive 0.25% cuts to the official cash rate by the RBA in November and December. Most economists are now predicting a further 2 or 3 rate cuts in 2012 which should bring the average “discounted” variable rate for new borrowings below 6.0% (assuming the Banks pass on the full rate cuts).
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TONY Cottam from South Coast Business and Financial Solutions is encouraging local residents to swing by the South Pacific Open Tennis Tournament when it is held in Ulladulla next month. South Coast Business and Financial Solutions has been a sponsor of the three-day event since it started three years ago.
Mr Cottam is looking forward to its return on November 4, 5 and 6 and would like to see as many tennis fans as possible soak up some of the action. The event is set to attract some of the nation’s top tennis players, all of them chasing national ranking points.
Mr Cottam is well known for his love of sport but said he was a “fan of the local community more than anything”. He said the South Pacific Open Tennis Tournament was a great event and one that he was extremely happy to be involved with.
This year South Coast Business and Financial Solutions will be sponsoring the singles events and the ‘Dash for Cash’ novelty event while the BIG4 Bungalow Park at Burrill Lake will be sponsoring the doubles and mixed events.
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