Fixed Home Loans On The Rise

Published on December 9, 2010 by Technology Slice

Fixed Home Loans On The Rise – The Australian Bureau of Statistics (ABS) today reported that 49,307 home loans were approved in October, a 1.9 per cent seasonally-adjusted increase compared to September. Economists forecasts had centred on a 0.3 per cent increase. The figures preceded November’s unexpected jump in mortgage rates. The proportion of homebuyers [...]

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Commonwealth Bank Customers Leaving In Droves

Published on November 10, 2010 by Technology Slice

Commonwealth Bank Customers Leaving In Droves – An extra 40 staff had to be drafted to field calls from customers wanting to leave the bank or find out details of the impact of its decision to increase the rate on its home loans by 0.45 per cent. Between 20 and 25 extra staff are still [...]

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NAB Profit Over $4 Billion

Published on October 27, 2010 by Technology Slice

NAB Profit Over $4 Billion – NAB shares rose in early trading, gaining as much as 2.8 per cent, or 70 cents, to $25.45. By late afternoon, though, the shares had trimmed their advance to be up 47 cents, or 1.9 per cent, to $25.22, while the overall market was off about 0.9 per cent. [...]

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Home Loans Begin To Fall

Published on May 12, 2010 by Technology Slice

Home Loans Begin To Fall – The number of home loans fell again in March, marking the sixth consecutive monthly decline, amid rising interest rates and a chronic shortage of housing. The tally of those borrowing to occupy the home rather than rent shrank to its smallest level in nine years. The number of home [...]

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First Home Buyers Give Up

Published on March 4, 2010 by Technology Slice

First Home Buyers Give Up – One-fifth of Australians will give up on the dream of buying their first home in the next two years if home loan interest rates hit between 8 and 9 per cent, according to a survey from home loans broker Mortgage Choice. By yesterday afternoon all four major banks had [...]

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