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Monthly Archive for January, 2011

Bonds firm on flood levy

The Australian bond market closed firmer following the announcement of a flood levy by the federal government.At 1630 AEDT on the ASX 24, the March 10-year bond futures contract price was at 94.450 (implying a yield of 5.550 per cent), up from Tuesday’s close of 94.415 (5.585 per cent).The March three-year bond futures contract price […]

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JULIA Gillard warned of tough cutbacks to help flood victims, but will anyone shed a tear for the cleaner car rebate scheme, aka “cash for clunkers”? And besides the Greens, who will mourn the passing of the catchily-named carbon capture and storage flagships?The two programs, worth a combined $2 billion, are among a raft of […]

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No end in sight for renters

It’s bad news for renters. Vacancy rates remain tight with less than 3 per cent of rental properties vacant, and things are unlikely to improve any time soon.On the upside, all cities except Sydney and Perth have experienced a slight easing in the last 12 months. But only slight.The latest figures reveal that across the […]

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Interest rate pressure builds

January and February are usually the biggest months for banks to raise funds on global markets, but pricing for debt has skyrocketed since the end of last year. This does not bode well for home owners. Banks are likely to come under further pressure to continue raising interest rates — even if the Reserve Bank […]

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At Google one of our key philosophies is to take risks and to experiment. To that end, in July 2009 we announced the ability to find property for sale or rent directly on Google Maps. This is one of the “search options” next to the search box on Google Maps, and is currently available in […]

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Prices of homes likely to stay stable

Home prices are expected to remain flat this year amid signs the slowdown in price gains could become entrenched, says the ANZ Bank. It estimates house prices will plateau this year, at just over $550,000 on average, as contending forces of rising interest rates and a strong demand for employees work themselves out in the […]

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Water rush in Wyndham

MELBOURNE’S reputation for unpredictable weather patterns has been upheld by Wyndham over the past few weeks. Wyndham SES Controller Laurie Russell said while the sit¬uation was not as bad as residents may have feared, it was still a busy time for his team members. Mr Russell said the Wyndham SES had received over 40 call¬outs […]

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This year, continued rises in food prices, utility bills, interest rates and other living costs will have a considerable impact on the budgeting efforts of property owners repaying a home loan. Australia’s largest independently-owned mortgage broker, Mortgage Choice wants to help borrowers cope with increased expenses and make the most of their mortgage in 2011. […]

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A FEDERAL crackdown on overseas buyers who have sought to purchase homes contrary to foreign investment rules has stopped 15 transactions since it was announced nine months ago. Three were in Sydney, with other sales thwarted in the Byron Bay district, the Gold Coast, Melbourne and Perth. The most expensive was a $6.4 million house […]

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One of the internet’s pioneers $36 billion is “stunning investment” Filter net at production end, not distribution ONE of the internet’s founding fathers says he’s “jealous” of Australia’s $36 billion broadband network. Vint Cerf, who helped develop email and TCP/IP technology, told The Australian during a visit to Sydney yesterday he thought the NBN was […]

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