For the first time since December 2012 the Reserve Bank of Australia have cut our national cash rate by .25 per cent. Interest rates currently stand at 2.75 per cent, setting a 50-year record low for the Australian cash rate. Compared with many other nations, interest rates in Australia are still considerably stable (and high). Economists view May’s rate-cut announcement as unexpected – yet they are a welcome relief for a number of local industries who have seen their returns drop or stall quarter-on-quarter. Today’s Chisholm & Gamon blog takes a look at motivation behind the RBA’s May decision – and how this change may affect home owners and mortgagees.
The decision to drop interest rates has been welcomed by the Australian public, as is generally the case whenever an extra amount of disposable income becomes available in a household’s budget. The RBA hopes May’s rate cut will provide the ‘breathing room’ to encourage domestic spending and a subsequent boost in the economy. The property market is one industry sure to see increased demand and competition, with many first home owners now taking advantage of fixed rate opportunities when rates are at record lows.
The effect of rate cuts over the past 18 months is beginning to slowly filter into the national economy. Experts believe the effects of prior interest rate cuts have taken longer to ‘flow down’ into the wider economy than expected – which is further motivation for May’s discount. Slow growth in almost all national industries has continued in 2013, and interest rate cuts are primarily seen as a way to stimulate the consumer into spending, the investor into investing, and the business owner into further employment. Unemployment rates are also expected to drop due to May’s rate cuts.
The RBA have continued to take note of the international economic climate, identifying that China is stable and America continues to slowly improve. Despite growing global stability, further rate cuts may be on the horizon with a federal election coming in September. The RBA will continue their conservative monetary policies – as it is desirable to leave room for movement to adapt to any economic unpredictability in future.
The final word on the May monetary announcement is that prospective property buyers should consider making a move. Favorably low interest rates simply won’t be available to forever – they’re merely a short-term strategy for greater economic prosperity. If buying is on your agenda – the ball is in your court.
While IKEA may have a monopoly on the no-fuss furniture market (if you’re handy with an allen key), there are some new and interesting new product in the home furnishing industry that challenge traditional décor concepts. New design methods embrace sustainable materials in the fabrication of bookcases, chairs and storage. Today’s Chisholm & Gamon post takes a look at the ins and outs of these innovative new furnishing materials – beware that you may find yourself re-decorating after reading our blog!
There are a number of new age materials finding their way into homes as contemporary versions of traditional furniture. While many of us are well-acquainted with a wooden dinner table or metal-framed chair, there are some who are using alternative eco friendly materials in furniture construction with bamboo, cork, cardboard and even paper.
While serving as a tasty treat for Pandas, bamboo is also a very sturdy building material that has been used for many years in Asia for a range of purposes. If you wander around a construction site in China you will notice that scaffolding is often made from bamboo! Highly durable and resistant to weather and temperature changes, bamboo is a perfect material for outdoor furniture exposed to the elements. Bamboo is also beneficial for the environment as it takes the pressure off our depleting forests – a truly sustainable, fast-harvest material.
Another highly weather-resistant material that ticks all the boxes is cork. As well as being recyclable and reasonably inexpensive, cork is resilient to water, mold and fire. A piece of furniture made from this distinctive material would make for a very interesting feature piece. The eco friendly factor? Cork trees can be stripped and remain healthy.
Paper and cardboard are materials that are probably the hardest to conceive as items of furniture. While the concept of paper seating may not be for everyone, there is no doubt that using recycled paper goods offers great flexibility in form plus convenience and recyclability. After a feature piece in a stunning shape for your lounge room? Look to Karton in Fitzroy, who specialize in furniture crafted from unusual materials.
Come down to bright and beautiful Black Rock this Saturday the 4th of May from 10am to 1pm and enjoy special treats and discounts while you enjoy the atmosphere. Black Rock Village is located where Beach, Bluff and Balcombe Roads meet. Chisholm & Gamon hope to see you there!
Are you someone who needs their cup of ‘joe’ before facing the world each morning? If so my bleary-eyed friend, the 2013 Melbourne International Coffee Expo is an event you must highlight on the May calendar. Melbourne is world-renowned for producing quality coffee, so it makes sense that such an exhibit takes place in our wonderful caffeinated city. The expo will be open to the public on Saturday May 25th and Sunday May 26th at the Melbourne Showgrounds, offer an array of experiences ranging from barista classes to coffee tasting. Chisholm & Gamon (fans of the golden bean) are certain there will be a delightful aroma in the air!
There are a number of professional competitions running throughout the expo, giving you the chance to watch the best baristas finesse a perfect long macchiato, cappuccino or Melbourne-specific ‘magic’. The Genovese Latte competition will take place on the Saturday, when the world’s most creative baristas will produce some amazing images in milk froth! The World Barista Championship and World Brewers Cup will also take place during the course of the weekend. We suggest getting down to the expo for the grand finals on Sunday where you will see some amazing displays of coffee making!
Meet ambassadors from your favourite coffee brands at the expo – who will be likely presenting special ‘expo only’ deals on their roasted goods. The list of exhibiting businesses is quite extensive including favourites such as Campos, Coffex, DaVinci, DiBella, Dimattina, Ducale, Genovese, Grinders, Jasper, Lavazza, Moccopan, Proud Mary, Seven Seeds and Toby’s Estate coffees. Even tea lovers have been catered for by Somage Fine Foods with an education session on Japanese teas.
Barista educators Coffee and Logicwill conduct a number of training sessions throughout the expo. Whether you’re a newbie trying to froth milk or a professional barista needing another feather in your coffee-skillz bow, Coffee and Logic will have something new to share with you. Courses in roasting and developing sensory skills are also on the schedule. For more information visit www.coffeelogic.com.