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Featured article

Households recommended to reduce their debts

Posted on 27 July 2010

Households with mortgages have been advised to take advantage of the pause in interest rate rises and pay down their debts. This follows analysis by financial comparison website RateCity of Australian Bureau of Statistics data which has found that the value of home loans has been falling since September 2009. This decline [...] Continue Reading...

Finance Comments (0)

Featured article

Agents required to disclose the history of the property

Posted on 19 July 2010

Agents are required to disclose the history of the property, even if a murder took place in a house they are selling. The Australian Competition and Consumer Commission this month gained power to fine agents up to $1.1 million for misleading their clients. Under the new laws, if properties such as the Glen Iris [...] Continue Reading...

Residential Comments (0)

Featured article

Consumers confident about the future

Posted on 15 July 2010

The RBA’s decision to keep rates on hold has helped buoy consumer confidence. The Westpac–Melbourne Institute Consumer Sentiment Index rose by 11.1 per cent in July – the strongest monthly jump since June 2009. According to Westpac’s chief economist Bill Evans, Australians are more upbeat about the future of the economy, thanks to [...] Continue Reading...

Finance Comments Off

Households recommended to reduce their debts

Households with mortgages have been advised to take advantage of the pause in interest rate rises and pay down their debts. This follows analysis by financial comparison website RateCity of Australian Bureau of Statistics data which has found that the value of home loans has been falling since September 2009. This decline [...]

Finance Comments (0)

Agents required to disclose the history of the property

Agents are required to disclose the history of the property, even if a murder took place in a house they are selling. The Australian Competition and Consumer Commission this month gained power to fine agents up to $1.1 million for misleading their clients. Under the new laws, if properties such as the Glen Iris [...]

Residential Comments (0)

Consumers confident about the future

The RBA’s decision to keep rates on hold has helped buoy consumer confidence. The Westpac–Melbourne Institute Consumer Sentiment Index rose by 11.1 per cent in July – the strongest monthly jump since June 2009.
According to Westpac’s chief economist Bill Evans, Australians are more upbeat about the future of the economy, thanks to [...]

Finance Comments Off

Investors are the only source of growth in property market

INVESTORS are the only source of growth in the housing market, and rising stocks of unsold houses suggest the outlook for house prices is souring.
The level of demand for housing by owner-occupiers remains weak, with the number of new mortgages taken out in May dropping by 0.7 per [...]

News, Residential Comments (0)

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