A staff reporter from the Advisor recently wrote nearly one in three new borrowers locked in fixed rates on their loans during March, new data has revealed. According to AFG’s latest Mortgage Index, 29.6 per cent of all new home loans were fixed – a leap from 24.1 per cent in February and 16.3 per […]
Australian Broker Online recently reported that at a time when the Government has reduced the amount of cash support being given to first home buyers, either by reducing grants or limiting stamp duty concessions, RateCity’s Michelle Hutchison says there’s one program aimed at supporting savings that’s gone mostly unnoticed. The First Home Savers Account Scheme, […]
In an article from Australian Broker Online it says that after nearly two years of downward movement on fixed interest rate home loans, a major bank has made the first increase on their fixed interest rate this year – and it’s likely that other lenders will follow suit says one industry commentator. Westpac has lifted […]
The satisfaction level of Westpac business customers increased slightly to 67.9% in January 2013 (up from 67.7% in December 2012), while satisfaction with the other three majors declined, according to a Roy Morgan Business survey. The result increases Westpac’s lead over its nearest big four competitor, CBA (63.5%). Westpac has been the market leader of […]
In a recent article in the Australian Broker magazine it was reported that the ABA says banks are receiving ‘numerous’ inquiries from customers worried about their retirement security because of potential increase in taxation on superannuation. Steven Muchenberg, chief executive of the ABA, says the organisation has been advised by banks that many customers are concerned […]
Big Four Profits now equal size of a small country Following the CBA’s record profit recently, ANZ has reported an unaudited cash profit for the three months to December 31, 2012, of $1.53 billion – up 6.2% on the same period in 2011. The value of the major banks has reportedly risen by more […]
If you are looking to crack the property market in 2013, the summer holiday break would be the perfect time for you to ask yourself a few key questions. Have you considered your home loan options???? Often buyers go through all the hard work of finding their dream home only to discover no lender will […]
Australian residents are as mobile as ever, according to the Australian Bureau of Statistics (ABS), but an advocate for accurate credit reporting warns every time your clients move, they run the risk of damaging their credit rating by not tying up loose ends on their accounts. CEO of MyCRA Credit Rating Repairs, Graham Doessel, says […]
If you’re in the market to buy this summer, chances are you will see many properties going to auction – but don’t let that scare you off. The prospect of purchasing at auction needn’t be daunting, so long as you’ve done your research and you are well prepared. Start by attending property inspections and auctions […]
