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Monthly Archive for February, 2011

RBA Unlikely to Lift Cash Rate Until May

The Reserve Bank of Australia (RBA) is unlikely to raise the cash rate until May, as the nation fully assesses and recovers from damaging floods earlier in the year.All 11 economists surveyed by AAP said they weren’t expecting the central bank to take the cash rate above its current 4.75 per cent when its board […]

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Many Gen-Y workers saving for a home

MORE than a third of young, potential home buyers are saving 20 per cent of their pay packet to get on the property ladder, a new survey has found. The latest Bankwest/Mortgage and Finance Association of Australia (MFAA) Home Finance Index found that nearly a third of first-time buyers were less worried about job security, […]

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Home loans: to fix or not to fix?

Interest rates are on hold for now but economists expect the next move to be up. Home buyers are turning to fixed-rate mortgages in response to the steady rise in interest rates last year and predictions that rates will go higher this year.Mortgage broker AFG publishes a monthly mortgage index, which shows that the proportion […]

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Home and contents insurance has jumped 30 per cent over the past three years. Premiums for home insurance will rise by an average 8 per cent this year, after going up by an average of 11 per cent last year and 10 per cent in 2009.As insurers pay out big claims for storms, floods and […]

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Mortgages are always in the spotlight. With banking reforms announced by the Federal Government and a spate of recent interest rate hikes, home loan customers are reassessing their options. Switching mortgage lenders or refinancing with the same lender can be an excellent financial decision provided some basic research is undertaken first. Interest rates are usually […]

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Good times to follow disaster: Matusik

QUEENSLAND’S natural disasters could be good news for the state’s property market, says property analyst Michael Matusik.Addressing members of the Property Council of Australia Queensland division, the Matusik Property Insights director said the recent floodings and cyclone were acting to break the malaise that the state’s property market has found itself in.“The rebound will be […]

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Home in on overseas property pitfalls

A STRONG Australian dollar and the weak US housing market mean a growing number of us can afford to invest in overseas property, but the risks can be high. Steve McKnight, author of From 0 to 130 Properties in 3.5 Years, says if you have “time, money and risk appetite”, investing overseas holds potentially lucrative […]

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Adding value to a property does not necessarily mean a major renovation. There are many economical and clever ways to improve the overall appearance and add value at the same time. Emphasising the front door and entrance is a fast and smart way to add appeal and value to a property. This particularly applies to […]

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All a Landlord Wants

There are only three things that landlords want when they lease out their property: A good tenant that looks after the property Rent paid on time Growth in the value of their investment. That all seems pretty simple doesn’t it. So why are there so many problems when properties are leased and managed ? The […]

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The fastest growth area in Victoria is the City of Wyndham, and Point Cook and Sanctuary Lakes contribute significantly to the attractiveness and “desirability” of this municipality. In the 2007 – 2008 year, 74,000 people came into Victoria, both from interstate and overseas. Of these, 8,874 chose this area to live. Why is this the […]

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