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Monthly Archive for June, 2012

The mortgage crunch in Australia has eased recently as interest rates drop to new lows. This is excellent news for many home owners and investors who had previously been riding a wave of soaring mortgage repayments and increased credit card debt. As a result of the drop in interest rates many money lenders are promoting […]

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The Australian Tax Office (ATO) has identified a number of common mistakes in the tax returns of many rental property owners. Their website devotes an entire page to outlining these tax issues The common errors include the following: Claiming the purchase cost of the land component as part of the cost of constructing the rental […]

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Neighbourhood Watch

Most people will have heard of the Neighbourhood Watch scheme. It is the community based crime prevention program which aims to improve the quality of life within a neighbourhood by minimising preventable crime and promoting closer community ties. The program relies on the community and the Police working together in a partnership to achieve these […]

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  Australia’s top central banker says recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices. Reserve Bank Governor Glenn Stevens said he had no intention of engineering a return to the spiralling property prices and household debt levels which characterised the pre-2007 housing boom. Mr Stevens said […]

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Draught Proofing Your Home

Even if your home is well-insulated, hot or cold air can still leak in and out through gaps and cracks. Older, period homes are particularly vulnerable to draughts. According to the government’s Living Greener website, cutting down on draughts can save households up to 25% of the heating and cooling bills. Draught proofing your home […]

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With all the rapture about interest rate cuts – now equalling 0.75 per cent over the last two months – spare a thought for older Australians. Already a third of over 50s say they can’t afford their home repair bills, according to a national survey, and with every dent to their savings, things get worse. […]

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What is a carbon footprint?

A carbon footprint is an estimate of the climate impact of an activity – such as making a product, living a lifestyle or running a company. Typically, a carbon footprint is calculated by estimating not just the CO2 emissions that the activity in question causes, but also any emissions of other greenhouse gases (such as […]

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RBA Cuts Rates by 25 Basis Points

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 3.50 per cent, effective 6 June 2012. Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators suggest further weakening in Europe and […]

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When a house or apartment is advertised for sale by auction it does not mean you have to wait until auction day to buy it. A pre-auction offer to the vendor can be made through the real estate agent who is marketing the property. According to the REIV, 18% of all auction sales this year […]

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