February 2, 2016
Banks getting nervous around risky mining towns
It’s about to become harder to get finance in mining towns as banks rein in loans in resource sector areas.
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February 2, 2016
Interest rates remain steady over Christmas break
In its final meeting of the year the RBA has kept interest rates on hold.
The RBA released a statement that was identical to the previous month, stressing that the value of the Australian dollar was ‘still uncomfortably high’.
February 2, 2016
Buyers are increasingly bidding above asking prices
New research from realestate.com has found that across Australia a healthy 41 per cent of property buyers in the market in September and October were willing to bid above the asking price.
February 2, 2016
Buyers cautious as properties rush the market before Christmas
Saturday’s recorded auction clearance rate of 67 per cent was the lowest recorded for five months.
February 2, 2016
RBA governor happy to see Australian dollar hit US 85c
The RBA governor Glenn Stevens has said he wants the sliding Australian dollar to continue to fall until it hits around the 85 US cents mark.
February 2, 2016
Australian capital cities record 10% increase in house prices for 2013
The figures are out for house prices in capital cities for 2013, and they rose by nearly 10 per cent.
That’s the highest rise in house prices for four years in Australia.
February 2, 2016
Investing in a warehouse may pay handsomely in 2014
Warehouses might be a good option for an investment over a residential property, with the rising use of the internet and e-commerce leading to an increased demand.
February 2, 2016
Unemployment remains at 4-year high
Australia’s unemployment rate remains at a four-year high of 5.8 per cent.
Figures released by the Bureau of Statistics show the economy lost 31,600 full-time jobs in December.
February 2, 2016
Loan-to-value ratios in decline
Loan-to-value ratios (LVR’s) are in decline, with the latest AFG Mortgage Index figures showing them to be at their lowest level since 2012.
February 2, 2016
Interest rates look set to remain steady
Home loan borrowers can put their hopes on hold for short-term rate cuts as the struggling jobs market continues to hold the economy back.