• July 14, 2020

Year: 2011

Banks ignore consumer pain

David Leermakers | Australian Financial Review | November 14, 2011 http://www.afr.com/p/opinion/banks_ignore_consumer_pain_3kJOYXgPccDCVtZlKsELfL It seems like almost every day someone from the banking industry is bellyaching about the pace of banking and credit reform, why all this…

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Vendors go private as auctions get a hammering

Chris Vedelago | Domain | November 13, 2011 http://news.domain.com.au/domain/real-estate-news/vendors-go-private-as-auctions-get-a-hammering-20111112-1nd3j.html Spooked by low clearance rates and the higher costs of staging an auction, hundreds – potentially even thousands – of home owners are now choosing to…

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Buyers in the driver’s seat as owners offer discounts

Sunday Herald Sun | November 13, 2011 http://www.news.com.au/money/buyers-in-the-drivers-seat-as-owners-offer-discounts/story-e6frfmci-1226193644092 With Melbourne’s property market in a deep freeze, vendors are dropping their asking price by as much as 25 per cent to wrap up a sale. As…

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Mortgages on up, but less being borrowed

Stephen McMahon | Herald Sun | November 10, 2011 http://www.heraldsun.com.au/business/mortgages-on-up-but-less-being-borrowed/story-fn7j19iv-1226190686516\ Demand for mortgages was climbing ahead of the Reserve Bank’s move last week to lower interest rates, according to official figures. The number of home…

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Social Media is dead. Long live Social Media

It’s not about big dreams and even bigger budgets. It’s about small actions and regular contact. As you know, in just the last couple of years, marketing has changed. The old ways – direct- and…

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Developers optimistic

Ben Hurley | Australian Financial Review | October 6, 2011 http://afr.com/p/business/property/developers_optimistic_fXmjSFJ7mvHvVCGR6t6ywN Residential developers have reported an improvement in consumer sentiment and sales volumes with the arrival of warmer weather and a more stable interest rate…

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European financial crisis to blame for lending clamp-down

Jeff Whalley | Herald Sun | October 6, 2011 http://www.news.com.au/money/property/european-financial-crisis-to-blame-for-lending-clamp-down/story-e6frfmd0-1226160162581 The discounting war engulfing the mortgage market is likely to end as Europe’s debt crisis raises the banks’ funding costs, industry experts say. Lenders may…

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Mortgage discounting peaks

Jane Searle | Australian Financial Review | October 6, 2011 http://afr.com/p/business/financial_services/mortgage_discounting_peaks_Z8Gv1XJj8sK5XZsnW9o7wI The depth and frequency of discounts below the standard variable mortgage rate have hit a peak as lenders jostling for market share weigh up…

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Mortgage holders may all be winners on Cup Day

Jeff Whalley | Herald Sun | October 5, 2011 http://www.heraldsun.com.au/news/more-news/mortgage-holders-may-all-be-winners-on-cup-day/story-fn7x8me2-1226158466773 Australia’s mortgage belt could be cashing in on an interest rate cut as early as Melbourne Cup Day. Reserve Bank chief Glenn Stevens yesterday kept…

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Home loan competition hits pre-GFC levels

Eric Johnston | Domain | October 5, 2011 http://smh.domain.com.au/real-estate-news/home-loan-competition-hits-pregfc-levels-20111005-1l881.html Competition between banks and other lenders for home loan customers has returned to levels last seen before the global financial crisis. In another of the deals…

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