Australian Property Updates

Property Information & Real Estate Updates

Daily Archives: 23/06/2010

ANZ Bank reimburses for ING losses

ANZ National will be out of pocket by NZ$45 million after the bank and ING NZ reached a record settlement with the Commerce Commission over two “income funds” managed by its wealth arm ING. ING froze the ING Diversified Yield Fund and the ING Regular Income Fund in late 2008. The Commission’s investigation related to the marketing, promotion and sale ...

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Rental incomes will continue to rise in Australia because of a lack of supply say economists

Property investments in Australia will continue to generate higher returns say economists. However fewer first time buyers and increasing interest rates will result in slower residential property price growth, as reported in the Residential Property Prospects Report 2010 to 2013 from BIS Shrapnel. Senior project manager Angie Zigomanis said first time buyer activity has dropped after the expiry of the ...

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