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Why Are Banks Increasing Rates?

Some lenders would have us believe increased funding costs are the main influence behind the increases, however, in the minutes of its latest monetary policy meeting, the Reserve Bank underlined: “The increases had been mainly in response to prudential measures introduced by APRA in 2014 to slow the growth in lending to housing investors and […]

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An Oportunity to Join Our Team

We have just moved into our new office at Sutie 5/96 Manchester Road Mooroolbark Vic 3138 and now seeking to fill the position of Mortgage Broker’s Assistant – Part Time The objective of this role is to assist the Mortgage Broker deliver exceptional customer service by managing the administration of multiple loan files Part-Time 3 […]

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Money Worries Plague 1 In 4 Aussies

New research has revealed that 24.2% of Australians worry about money on a daily basis. Industry heavy, John Flavell said: “The Australian Bureau of Statistics’ latest Wage Price Index found wages grew just 1.9% between the December 2015 quarter and the December 2016 quarter, which is incredibly low by long-term standards. “And while wage growth […]

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Resurgent House Price Growth Weakens Affordability

The release of today’s HIA Affordability Report shows how further gains in dwelling prices have caused housing affordability to deteriorate sharply during the December 2016 quarter. “During the December 2016 quarter, housing affordability across Australia worsened by some 7.3 per cent due to the recent uplift in dwelling prices,” explained HIA Senior Economist, Shane Garrett. […]

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