• 22/09/2020

Category: Articles

Bank deposit rate cuts to hurt savers

Scott Murdoch | The Australian | March 23, 2012 http://www.theaustralian.com.au/business/financial-services/bank-deposit-rate-cuts-to-hurt-savers/story-fn91wd6x-1226307680765 The big four banks have slashed their key deposit rates while raising home loan rates to safeguard their profit margins, which are under threat from…

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First-home buyers eager to refinance mortgages amid concern over rates, debts

Sophie Elsworth | News Limited | February 20, 2012 http://www.news.com.au/money/property/novices-itch-to-switch-mortgages/story-e6frfmd0-1226275519408 First-home owners are on the hunt to refinance their mortgage within two years of entering the market, a new report says. Research by LJ Hooker…

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Severe building slump is about to hit, economists warn

Simon Johanson | AAP | February 3, 2012 http://www.smh.com.au/business/severe-building-slump-is-about-to-hit-economists-warn-20120202-1qvp3.html Another fall in building approvals points to a housing industry slump worse than Australia experienced during the global financial crisis, economists say. Building approvals in December…

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Return of traditional mortgages

Lesley Parker | SMH | February 1, 2012 http://www.smh.com.au/money/borrowing/return-of-traditional-mortgages-20120131-1qq4d.html Line-of-credit home loans have proved costly for many borrowers. Volatile investment markets and question marks over property values are making line-of-credit loans less popular and potentially…

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Australia, along with US and S Korea, leads the way in reducing debt

Scott Murdoch | The Australian | January 20, 2012 http://www.theaustralian.com.au/business/economics/australia-along-with-us-and-s-korea-leads-the-way-in-reducing-debt-mckinsey/story-e6frg926-1226248792913 Australia is one of only three developed nations to reduce its debt-to-GDP ratio as the global economy struggles under a growing amount of leverage and…

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Goldilocks economy has a few tricks in case bears turn nasty

Jessica Irvine | Sydney Morning Herald | January 18, 2012 http://www.smh.com.au/opinion/politics/goldilocks-economy-has-a-few-tricks-in-case-bears-turn-nasty-20120117-1q4iz.htmlRotting Christmas trees still line our streets, emitting a pungent reminder of festive days past, but a fresh season of economic doomsday-ism is already upon…

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Bank on big loan discounts

Anthony Keane | News Limited | Janaury 15, 2012 http://www.news.com.au/money/property/bank-on-big-loan-discounts/story-e6frfmd0-1226245028429 Discount interest rates on home loan packages are getting better for borrowers as major lenders battle for new mortgage business. The best package discounts, which…

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$10k building lure lengthened

Daniel Hurst | Brisbane Times | January 13, 2012 http://www.smh.com.au/business/property/10k-building-lure-lengthened-20120112-1pxex.html Queenslanders building or buying new homes will have access to the state government’s $10,000 building boost for an extra three months, amid slower-than-expected uptake. The…

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New home sales buoyed by rate cut

Chris Zappone | Sydney Morning Herald | January 9, 2012 http://www.smh.com.au/business/property/new-home-sales-buoyed-by-rate-cut-20120109-1pqv2.html New home sales jumped in November in response to the Reserve Bank’s interest rate cut. The sales of new homes rose 6.8 per cent…

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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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