Low deposit home loans
Low deposit, when is it going to No deposit? back in the good old days pre GFC a big portion of our loans we wrote were No deposit as first home owners were trying to get into the market then we had a melt down in the financial markets overseas and that [...]
ING Direct have lowered their fixed interest rates again…
As always, the media is making as much noise as possible about house prices, interest rates and the economy and then there is various monthly and quarterly reports on house prices from valuers, property consultants and economists, so I’m going to try to put them altogether and bring the whole show back to Earth.
OK lets [...]
It’s the most widely available financial product there is. More than 80% of households have at least one credit card. And if you dare to classify yourself as “average,” you have about four charge cards currently demagnetising themselves in your wallet.
To bolster your standing as an upstanding citizen of the world of plastic money, follow [...]
Financial scams and fraudulent emails
This will be a part series as there are a lot of scams out there looking to take your money so we will explore them one at a time.
The first and probably the most seen scam is the ‘fake Bank Emails’. Here are some of the tell tale signs of this [...]
What! I hear you say, home loan interest rates to go down, well someone had to say it and it appears John Edwards from residex is the first to stand up and give his view on why the next rate move may be down.
He noted the top 5 reasons that he thinks are signs that [...]
At its meeting today, the Board decided to raise the cash rate by 25 basis points [...]
Business conditions and confidence have eased slightly but still remain firmly in positive territory, which could prompt further official interest rate rises, a survey shows.
The National Australia Bank (NAB) said its survey showed optimism about future economic growth outshone a sharp fall in trading conditions in the March quarter.
NAB also said the Reserve [...]
By Jill Fraser for Lending Central
In a bid to cool off a dangerously hot property market China’s State Council has raised the LVR for buyers purchasing a second home from 40 per cent to 50 per cent while requiring mortgage rates to be no less than 1.1 times benchmark rates.
The State Council (China’s [...]
By Jill Fraser for Lending Central
Reflecting on the process entailed in setting up Hemisphere Financial Solutions’ Associate Director Product and Marketing, Frank Knez says it is time that non-banks began rattling the cages of banks again.
“The non-bank sector needs to start making more noise and letting consumers know that we’re a viable alternative with compelling [...]
The Reserve Bank of Australia (RBA) has raised interest rates for the first time in 2010 as the economy continues to grow stronger than expected, economists say.
The central bank lifted the cash rate by 25 basis points to 4.0 per cent following its board meeting on Tuesday.
Eleven of 16 economists surveyed by AAP [...]
Today’s interest rate increase is a reminder to mortgage holders to shop around if they are looking to refinance their home loan, according to the Mortgage and Finance Association of Australia.
“Changes to the official interest rate can present an opportunity to borrowers to get a better deal,” said Phil Naylor, Chief Executive of the Mortgage [...]
Housing commentators have warned that more rate rises are to come after the central bank increased the cash rate on Tuesday .
And if banks pass on the full rise, homeowners can expect to pay an extra $47 each month on an average $300,000 mortgage, they say.
The Reserve Bank of Australia (RBA) raised the cash rate [...]
Two things stand out in the Reserve Bank of Australia’s (RBA) announcement of a rise in interest rates.
First, there are more to come.
And second, their timing is anyone’s guess.
Tuesday’s increase brought the cash rate to 4.0 per cent from 3.75 per cent.
It was given only a two-in-three chance by the futures market ahead of the [...]
The Reserve Bank of Australia’s (RBA) decision to lift its key interest rate again is an “unwelcome headache” for business, a business lobby group says.
The RBA raised the cash rate by 25 basis points to 4.0 per cent after Tuesday’s monthly board meeting, a move expected by a majority of economists.
Australian Chamber of Commerce and [...]
The last two of the big four banks have stepped into line with their peers and matched the interest rate rise by the Reserve Bank of Australia (RBA).
Both National Australia Bank Ltd (NAB) and Westpac Banking Corp announced on Wednesday they would lift their standard variable rate on home loans by the same extent as [...]
Australasia’s largest real estate and property group, Ray White, has recorded its best ever February residential sales result in Victoria.
Ray White Victorian General Manager Marcus Williams said preliminary statewide sales figures for February totalled in excess of $350 million – a 58 per cent increase on sales for the corresponding month in 2009.
Mr Williams said [...]
Despite the central bank’s respite on raising interest rates this month, borrowers can still expect two more rate rises in 2010, says an economist.
That’s the bad news.
The good news is the cash rate will hold steady at 4.25 per cent for the next 10 to 15 years, as Australia moves into a new era of [...]
Wealth Today’s cut-through strategy to assist everyday Australians in terminating their mortgages while building wealth under appropriate protection, is simple, logical and proving a winning approach to business as the company makes its fifth state wide launch this month, into South Australia.
The company attracted another seven franchisees in January, exceeding projections and taking their total [...]
The federal government has decided Australia’s banks can survive on their own without taxpayer-funded guarantees.
Deposits of more than $1 million will no longer be guaranteed from the end of March, although bank accounts with less than $1 million will continue to be underwritten until late 2011.
The government is also phasing out its wholesale guarantee of [...]
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