Published on December 16, 2010 by Technology Slice
Overvalued House Prices to Stay – House prices could be overvalued by as much as 10 per cent, but strong population growth and rising income will continue to underpin the market, an international report says. A staff analysis by the International Monetary Fund (IMF) has found a link between episodes when Australia has a strong [...]
Tags: Commodity Prices, Crisis Levels, Federal Government, First Time Home, First Time Home Buyer, Global Financial Crisis, house prices, Housing Affordability, Insufficient Supply, International Monetary Fund, International Monetary Fund Imf, Mortgage Rates, Population Growth In Australia, Rebound, Relative Performance, Staff Analysis, Subsidy, Time Home Buyer, Trade Population, Wealth Effect
Posted in General
Published on December 16, 2010 by Technology Slice
NAB CEO Blasts Critics – National Australia Bank chairman Michael Chaney has lashed out at much of the criticism levelled at the banking industry on mortgage rates, calling it “unjustified and unfair”. The former Wesfarmers boss has sought to defend the sector from “bank bashing” saying many of the arguments about a lack of competition [...]
Tags: Annual Shareholders Meeting, Australian Banks, Bank Regulators, Banking Industry, Blasts Critics, Boss, Ceo, Chairman Michael, Global Financial Crisis, Michael Chaney, Mortgage Rates, nab, National Australia Bank, Profits Tax, Public Criticism, Senate Inquiry, Swan, Treasurer Wayne, Wayne Swan, Wesfarmers
Posted in Money
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 [...]
Tags: Australian Bureau Of Statistics, Baily, Basis Points, Board Meeting, Bureau Of Statistics, Charles Bailey, First Homebuyers, Fixed Rate Loan, Fixed Rate Loans, Home Loan Approvals, Home Loans, Industry Sources, Inner Western Suburbs, Mid Range, Mortgage Rates, Property Experts, Ray White, Real Estate Agent, Rising Interest Rates, Sydney Real Estate
Posted in Money
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 [...]
Tags: australians, Average Mortgage, Basis Point, Basis Points, Cold Feet, First Home Buyers, First Time Buyers, Global Financial Crisis, Home Loan Interest, Home Loan Interest Rates, Home Loan Rates, Home Loans, Homebuyers Survey, Inner Sydney, Loan Interest Rates, Midst, Mortgage Choice, Mortgage Rates, Studio Apartment, Yesterday Afternoon
Posted in Money
Published on January 12, 2010 by Technology Slice
We re-financed our 15 year mortgage to 30 when we added on to our home about 1 year ago. At that time we paid $325 for an appraisal. Mortgage rates have lowered since then and now the appraiser wants $350 for the same work. I think that is unjust and it has caused me to not trust this process.
Tags: 15 Year Mortgage, mortgage broker, Mortgage Rates, Open Question
Posted in Money
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