Reverse mortgages shows recovery
The latest study on the reverse mortgage market in Australia conducted by Deloitte Actuaries and Consultants has revealed a growing appetit...
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Rise in non conforming borrowers experiencing mortgage stress
Mortgage delinquencies for borrowers with non conforming home loans are on the rise, despite a drop in unemployment and signs that the dome...
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ANZ cuts fixed interest rate
ANZ has lowered its fixed-term mortgage rates in a bid to position itself as a true competitor in fixed lending. ANZ announced yesterday i...
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Mortgage rates to hit 8.6% in next 12 months
The OECD expects Australia to have among the highest interest rates in the world. It expects five rate rises in the next 12 months. In its ...
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Cashed up foreigners snap up Australian property
Foreigners snapped up $14.9 billion worth of houses and land in Australia last year, including $2.49 billion worth of existing homes. Acco...
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Housing supply is crippling Australia: HIA
Australia urgently needs a housing reform, says Housing Industry Association chief economist Harley Dale. According to Mr Dale, reducing ...
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Sydney property market slows
Sydney property agents report that auction rates are down and visits to open houses have trailed off. According to the SMH, property buye...
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One million Australians not served by banks
A new study by Datamonitor finds more than one million Australian consumers are not being served by traditional banking providers. The study...
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Housing affordability drops for first quarter 2010
Housing affordability fell for the March 2010 quarter, as higher house prices, increased interest rates, and the removal of the first home b...
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Tips to cool your energy bill
Many households around Australia spend a large proportion of their energy bills on heating and cooling the house. Keeping warm during winter...
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Banks face penalty fee class action
The big four banks - ANZ, NAB, Westpac and the Commonwealth, along with eight other financial institutions, are targets of a class action ...
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Lending for first home buyers slumps to 12 month low
According to the Australian Bureau of Statistics (ABS), the number of new home loans for has plummeted to its lowest level since early 200...
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Increase in land prices in Australia
According to the recently released Housing Industry Association (HIA) and rpdata.com, Residential Land Report, the weighted median price of ...
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Banks profiting from GFC: University of Canberra
A study conducted by the University of Canberra has found that since the global financial crisis that began in mid 2008, big banks in Austra...
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Renovations go through the roof in Sydney
An increase in Sydney property prices has sparked a renovation boom. Home owners are looking to capitalise on the value of their propertie...
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Westpac customers are dissatisfied
According to a News Limited survey of 3,000 bank customers, 18% of Westpac customers are happy with their bank, while 56% of Westpac custome...
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90,000 Auustralian homeowners will be forced to sell up
Ninety thousand new home owners are expected to lose their homes as a result of rising interest rates. According to Fujitsu Consulting, up t...
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