Mortgagee Auctions May Sound Appealing but You May Not Bag a Bargain
Buying a house at a mortgagee auction can seem like a way of getting something at a discount to normal market price, but experts say houses sold after repossession don't necessarily come at a bargain price. Adrian Jones, immediate past president of the Real Estate Institute, says mortgagee auctions won't generally represent a bargain these days.
Hogan to Sell U.s. Home
In the midst of Paul Hogan’s Australian tax turmoil, the actor and his wife, Linda Kozlowski, have reportedly listed their Californian house for $US 6.5 million.
Property -v- Shares
The choice over whether to invest in shares or in property can be argued either way - and there are profits in both. Forget Julia, Kevin and Tony - the face-off that really matters is how shares and property stack up against each other. Who doesn't want to know which is the better investment? But ask a financial adviser and you almost certainly won't like the answer.
Do the Checks before the Cheques
Before making an offer on a property, buyers need to make sure they cover all their bases. Few financial decisions are as big or emotional as buying property, yet it is possible to spend less time looking at a potential house than a dishwasher that might go in it.
Rba's Benign Rates Outlook
The minutes of the latest monetary policy meeting of the Reserve Bank provide no reason to be concerned about an imminent interest rate rise. The minutes of the RBA board's August 3 meeting, released today, are essentially an expanded version of the brief announcement made on the day of the meeting.
Rents Leap As Race to Find Homes Intensifies
Rents for two- and three-bedroom homes in Sydney's inner suburbs have leapt in recent months, a clear sign the dampening effect of the global financial crisis has ended.
Nab Holds Loan Rates
National Australia Bank has effectively ruled out a near-term increase in its mortgage rates, pressuring its rivals also to hold steady, even as the cost of funding their loans erodes profits.
Nab Holds Loan Rates
National Australia Bank has effectively ruled out a near-term increase in its mortgage rates, pressuring its rivals also to hold steady, even as the cost of funding their loans erodes profits.
Your Own Private Island for a Bargain $500,000
They used to be the exclusive playgrounds of the rich and famous - and still are. But owning a private island on Tasmania's rugged east coast may be within reach for the price equivalent of a holiday house in Kiama.
One Year Adds $100,000+ to House
The extraordinary growth in house prices in Australia's capital cities over the past year has resulted in the value of an average home in Sydney rising above $104,000. House price figures for eight capital cities released by the Australian Bureau of Statistics yesterday show year-on-year growth from June 2009 of 24.3 per cent in Melbourne and 21.4 per cent in Sydney.
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