Home owners are still refinancing their mortgages, even as the property market remains flat, the latest Bankwest/MFAA Home Finance Index has shown. The Home Finance Index, which surveyed more than 1,139 respondents, revealed that one in four (24.7%) had refinanced their loan in the past two years and 14.2 per cent had refinanced in the previous year, an increase on the previous HFI.
News
6 ways to save for a bigger deposit
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11 July 2011
One of the biggest challenges of buying your first home is being able to save the deposit. But with these tips and tricks, you’ll be on your way to home ownership in no time…
The 10 most common mistakes made by investors
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08 July 2011
To give your property pursuits the best chance of success, we spoke to Damon Nagel, managing director of Ironfish, who shares the top 10 most common mistakes made by investors.
Exit fee winners and losers
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08 July 2011
After months of build-up, exit fees have officially become a thing of past. And as predicted, some lenders are simply jacking up upfront fees to make up for the shortfall.
Currency Watch provided by ForexSport
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08 July 2011
AUD/USD – Short term trend UP, Long term trend UP
The AUD/USD broke through resistance of 1.0600 and has traded as high as 1.0792. RBA leaves rates unchanged and downgrades the Australian growth forecast. The global growth outlook is a concern for the RBA with European sovereign debt issues weighing on the European banking system.