NAB closing Sydney branches
Six National Australia Bank branches in NSW are being closed, including the Pennant Hills, Silverwater, Turramurra and Clarence St branches....
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Investors to move in after FHBs clear out
Brokers should see a flurry of investment activity at the turn of the new year, a new consumer survey has indicated. According to the 2009 ...
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CBA warns of rate hikes
Home loan rates could continue to trend upwards off the back of rising funding costs according to The Commonwealth Bank. The warning follows...
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Property firms place as investment choice
An analysis of Australian dwelling values has highlighted the strong growth Australia’s property market has achieved in the past 16 years, w...
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Stamp duty’s days numbered
Stamp duty is set to be abolished in what could be a major boost to the property market. A conference held by the Henry tax review last week...
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RBA tells Banks: no rate rises
Banks will not have to raise rates again, outside of Reserve Bank changes to the official cash rate, says the Reserve Bank. The RBA is now e...
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Borrowers missing out on better home loan rates
A new report released by InfoChoice has found that second tier banks, mutuals and non-bank lenders are offering borrowers significantly chea...
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St George lowers short-term fixed rates
St George Bank has partially bucked the trend set by Australia's big banks by lowering interest rates on some of its fixed home loans af...
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Qld budget: Some relief for first home buyers
The 2009/2010 Queensland state budget has delivered some stimulus for first home buyers as well as a trainee initiative which may benefit br...
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NSW home buyers score win in budget
Home buyers in New South Wales have been buoyed by a surprise halving of stamp duty commitments in what the state government has entitled th...
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Westpac & NAB hike fixed rates
Westpac and NAB both announced increases to their fixed rate mortgages yesterday. Effective today, Westpac’s fixed rate loans will rise by b...
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House prices to soar: BIS
Strong demand from first home buyers will generate green shoots of recovery for the wider property market in 2009-10, with prices tipped to ...
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CBA lifts fixed rates
Commonwealth Bank will lift its longer term fixed rate mortgages today. Rates on a seven year fixed rate mortgage will rise by as much as 0....
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For love or money
The high cost of living alone has now joined love, `the kids' and citizenship on the list of best reasons to stay married. A study condu...
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UK borrowing up 16pc
The number of loans taken out in the UK recorded an encouraging improvement in April 2009. However, activity is still very low by historica...
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Unemployment hikes in May
Australia’s unemployment rate yesterday shifted closer to 6 per cent but remains one of the lowest in the developed world. Data from the ABS...
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Commonwealth bank set to raise rates
The nation's largest lender, the Commonwealth Bank is considering raising rates on its standard variable home loans by about 0.10 per ce...
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Debt is good for you but...
The median household in Australia has debts that amount to just 8% of total household assets. According to academic economist Mark Wooden, c...
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Debt collectors harrassing consumers
The companies regulator, ASIC and the competition regulator, the ACCC, say they have received more than 5,000 complaints in the last few yea...
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FHB boom shifting to investor
The peak of first home buyer activity has now passed, according to AFG, who has recorded its second consecutive decline in first home buyer ...
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Signs of recovery for Gold Coast market
A long awaited stabilisation of the Gold Coast apartment market may have finally arrived with high-rise clearance rates recovering in the Ma...
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Australia avoids recession
The Australian economy has dodged the global recession with data revealing today that the economy achieved positive growth in the first quar...
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Record take up of First Home Owners Grant
New figures show that a record number of first home buyers entered the market in April 2009. According to the Federal Minister For Housing T...
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Reverse mortgage study: Retirees looking for peace of mind
Retirees aren't looking for lavish cruises and tropical vacations; they just want a little peace of mind and the option to stay in their...
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Rents easing as housing affordability improves
Improved housing affordability is enticing more people into the housing market and taking pressure off the rental market. The Real Estate In...
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Australian property markets defy downturn
Australian dwelling values have recorded a healthy 2.8% increase in the first four months of the year, defying the economic slump and virtua...
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