A stonger economy has lead to an increase in the oficial RBA interest rate of 0.25%

The Winner For The Month Of January 2009

In January 2007, Mark Ontkush published an article on his blog claiming a white web page uses 74 watts to display, while an all black page uses only 59 watts. He did some calculations and worked out that if Google was black it would save a massive 750 Megawatt-hours a year.

In light of this week’s surprise announcement that the Reserve Bank of Australia slashed a full 1.0% off interest rates - the biggest single cut in 16 years - the four major banks have confirmed they will pass on 0.8% of this cut to borrowers. This means significant relief for many.

With global economies continuing to haemorrhage, this may only be the beginning of interest rate reductions; signalling upward pressure on property prices is not too far away.