Our BlogArchive - Posts from June 2017

Economist Tips Rate Cut

Posted on Monday, 05 June 2017

A revision to underlying CPI by the Australian Bureau of Statistics could encourage the Reserve Bank to reduce its tightening bias to a more neutral stance, one chief economist has claimed. After reviewing the methodology for the overall CPI in 2010, the ABS found an increased number of expenditure classes to be seasonal and this has affected seasonality in the underlying CPI.

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Spike in Interest from First Home Buyers

Posted on Sunday, 04 June 2017

Data from Loan Market Group has confirmed first home buyers in New South Wales are acting quickly to gain pre-approvals in an effort to secure finance before the stamp duty concession runs out at the end of the year.

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Aussies Still Building Largest Homes in the World

Posted on Saturday, 03 June 2017

Australia is still building the largest homes in the world, according to new data commissioned from the Australian Bureau of Statistics by CommSec. The average floor area of new homes - both houses and apartments - stood at 214.1 square metres in the nine months to March 2011, while the average floor area of new freestanding houses stood at 243.6 square metres.

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Buying a House? Get a Discount

Posted on Friday, 02 June 2017

BANKS are offering discounts up to 1 per cent off their standard variable mortgage rates to stimulate the home loan market ahead of the crucial spring selling campaign.

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Fixed-rate Mortgage Discounts Fail to Sway Many Borrowers

Posted on Thursday, 01 June 2017

Demand for fixed-rate mortgages increased only marginally in August despite lenders making big cuts to these products. Fixed-rate mortgages accounted for 14.1% of all successful loan applications submitted by Mortgage Choice brokers on behalf of borrowers over the month - up from 13.3% in July.

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