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Monthly Archive for September, 2012

Australians have an unusual habit of paying off their mortgages much faster than borrowers in most other rich nations, a valuable trait that gives households a safety buffer were the economy to slow sharply. Around half of all borrowers are ahead on mortgage payments, the Reserve Bank reported today, a level only reached by Canada […]

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Any interest in interest rates ?

By world standards, interest rates in Australia have been high over the past couple of years, but by historic standards, home loans in the 6% range are not high at all. For much of the 1980’s and 1990’s interest rates averaged around 9 – 10% (and were as high as 17% in the early 1990’s). […]

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If the global financial crisis has made Australians more savings-aware, then first-home buyers are taking it one step further by increasing their minimum deposit and waiting longer to buy. The latest RAMS First Home Buyers’ Pulse Check Survey 2012 also showed the importance of family support, with 53 per cent of first-home buyers saying they […]

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Finals Fever

With football fever reaching its peak, the preliminary finals being held this weekend and the “big event” the following weekend, you could be excused for thinking that football was the only game on the planet. Not a footy enthusiast myself, I still have to admit to succumbing to the hype and sitting in front of […]

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The number of home loans approved fell the most in five months in July, underscoring ongoing weakness in the nation’s housing sector. The number of loans dropped 1 per cent to 44,804, lower than a downwardly revised 45,278 in June, the Australian Bureau of Statistics reported. Economists had expected housing finance commitments to be flat […]

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Spring is the time of the year when the trees bloom and the home environment needs fresh and proper cleaning after a long cold winter. Spring, indeed, has always been by tradition the most appropriate time of the year to do a thorough “Spring Clean”. However, as you can see, there is much more than […]

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