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Recent Posts
Monthly Archives: March 2010
Housing Problem for RBA
Australia’s affordable housing crisis may worsen if efforts by the Reserve Bank to choke off rising prices prompt home builders to shelve plans for new construction, an economic research group said today. Economics forecaster BIS Shrapnel said today rising house … Continue reading
Posted in First Home Buyers, Home Loans, Property News
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Baby Boomers riddled with debt
HOME upgrades, renovations, stay-at-home children and ageing parents will force a growing number of baby boomers to carry debt into retirement. This will further drain their already-underfunded super and force many to work longer or accept a lower standard of … Continue reading
Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance
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CUA drops variable rates on mortgages
ONE of the nation’s biggest credit unions, CUA, has added to the competition against the big banks by cutting the interest rate on its variable mortgage product by 25 basis points. The move comes amid comments from the nation’s biggest … Continue reading
Posted in First Home Buyers, Home Loans, Mortgage Refinance
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Renewed interest in Low Doc Home Loans
Macquarie Bank snuck low doc home loans into the mix of assets backing $1.2 billion in bonds last week – the remainder of the mortgage assets backing the bond were AAA “fully verified income loans”, said SmartCompany. Actually, to say … Continue reading
Posted in Economy, First Home Buyers, Home Loans, Low Doc Home Loans
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Regional Lenders win home loan business from big four
FURTHER signs have emerged of intensifying competition in the home-lending market, with the major banks’ share of loans originated from mortgage brokers sliding in the December quarter. A survey by financial services research firm Market Intelligence Strategy Centre shows the … Continue reading
Posted in Economy, Home Loans, Low Doc Home Loans, Mortgage Refinance
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Interest Rates will remain high – CBA
NEW bank debt will remain expensive for at least another two years, which will increase the cost of new mortgages and business loans, the Commonwealth Bank’s most senior funding executive has warned. Lenders can expect to pay about 100 basis … Continue reading
Posted in Economy
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Melbourne Property Market Sizzling
MELBOURNE’S property market is shaping up to record its strongest pre-Easter results due to insatiable demand. Of the weekend’s 884 auctions, 623 properties were sold, generating a clearance rate of 87 per cent when the 145 properties sold before auction … Continue reading
Posted in Property News
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Sydney Home Prices to Double within decade
UP TO half of Sydney homeowners are set to become property millionaires, with house prices predicted to double in the next decade. Figures prepared exclusively for The Sunday Telegraph by Australian Property Monitors (APM) show Sydney’s median property price is … Continue reading
Posted in Economy, Home Loans, Property News
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Tax on Foreign Funds adds to Homeloan Cost
HOMEBUYERS miss out on billions of dollars worth of cheap home loans because of a tax on foreign banks bringing deposits into the country, ING Direct says. Foreign-owned banks such as ING want to use deposits raised in Germany and … Continue reading
Posted in Economy, First Home Buyers, Home Loans
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HIA – Housing Shortage
A new report claims Australia’s housing shortage will more than quadruple by 2020 if current building trends persist. The Housing Industry Association (HIA) report says the current shortage of 109,000 houses could increase to 466,000 over the next decade. Official … Continue reading
Posted in Property News
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