Blog Archives

RBNZ Says Rate Hold Effective Until End of 2013

June 28, 2013, 3:04 pm

The Reserve Bank of New Zealand’s Governor Graeme Wheeler has said the RBNZ will continue to hold interest rates at 2.5% until the end of the year based on the current economic outlook. Wheeler’s statement during the announcement of the most recent Reserve Bank of N...

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Australian Small Business Owners Frustrated Over Paying More For Loans

June 26, 2013, 12:44 pm

Many small-business owners in Australia are frustrated by the fact that banks charge them more for residentially-secured loans compared with personal customers. Canstar research data shows commercial customers currently pay around 80 basis points higher for residentially-secured ...

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Home Loan Approvals jumped in March

June 25, 2013, 9:23 am

The latest data released by the Australian Bureau of Statistics (ABS) showed that owner-occupied home loan approvals recently saw the biggest rise recorded in the last 4 years in the month of March 2013. Even while personal and business finance starts to re-grow as a result of th...

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CUA Says $10 Billion by Mid 2013

May 19, 2013, 3:06 pm

Credit Union Australia (CUA) has claimed that due to new home loans products, it will manage more than $10 billion in assets by the end of the financial year, reported The Telegraph. New home loans by CUA rose by 41% to $990 million in the first half of 2012....

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True State of Economy is Seen in Property Market Buying Confidence

May 14, 2013, 4:57 pm

While large measurements are important to the health of the economy, the true state of the economy comes down to the confidence of households to buy property, believes Mark Bouris from the Neokosmos website. Bouris said that he has been watching the property markets over the last...

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Generational Advice on Investments from the Experts

May 14, 2013, 12:13 pm

The best investment choice may depend on your age, so asked four generations of investment gurus what was best for their age compatriots. Gen Y Justine Davies said that her generation needs to think about two structure types. Superannuation and everything outside of s...

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Tips on Getting a Home Loan to Suit Your Lifestyle

May 10, 2013, 1:17 pm

A loan to suit your lifestyle is the ideal home loan, believes Newcastle Star’s Richard Windeyer. For example, a home loan with low rates for the first two years is best for those starting a new family. Windeyer also said that offset accounts can be used to keep pace with l...

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Australians Save $30 Billion Since GFC

April 16, 2013, 9:03 am

Australians are collectively more than $160 billion ahead on their mortgages, with an extra $30 billion in savings since the start of the Global Financial Crisis (GFC). The Perth Now website reported that more than half of Australian home loan borrowers have made use of record lo...

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Tips to Getting the Best New Home Loan

April 15, 2013, 3:02 pm

It is important to consider a number of factors when searching for a new home loan. The Star recently provided readers with advice for when searching for a home loan. Start your initial research by combing through industry publications and websites. Newspapers and magazines are a...

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January Sets New Record For Home Loans

March 13, 2013, 9:03 pm

Australia’s largest mortgage broker, AFG, reported it processed $2.2 billion in home loans during the month of January. This amount is more than any other January and 24% more than the amount processed in January 2012. This is despite natural disasters in NSW and Queensland....

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