Many economic commentaors including the RBA Governor are saying YES, Australia is coming out of the recession.
Major indicators are:
- employment has only reached 5.7% no where near the government predicition of 8.5%;
- interest rates are again on the rise.  The RBA says the emergency low rates of 3% are no longer necessary or appropriate;
- inflation is not out of control and small rises in the cash rates should keep it that way;
- the Banks are winding back there reliance on the Federal Governments Deposit Guarantee.  This is an indicator that the banks are gaining confidence in the market place and in each other.

CommSec on Oct 26 published an article titled The Great Recovery in reference to the share market lifting almost 60% since the March 2009 lows,

The RBA Governor on Nov 5 talked about the ROAD TO PROSPERITY referring to the GFC and the lessons learned this year concering the business cycle and what has been ex[perienced during this downturn.

Now we need to see the flow of cash and clients being paid for their services in a more timely manner, not out at 120 days. 

Welcome to the MKP Advantage website.  Useful & current product information can be found about mortgage products under the Property heading.

Information about the status of your clients' transactions can be found by clicking on the Application Status button to the left of this screen.

If you have any questions please call Peter Cochran on 02 8436 6918.