Mortgages
residentialScope for more rate cuts as RBA notes conditions “strengthening in housing market”: May minutes
The key phrase in the minutes is that the RBA board decided that “some of the scope” to ease policy should be used at the May meeting.
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newsMoney Choice puts public lock on Twitter account as PIPA suspends corporate membership pending an investigation
Tweets from the Money Choice Twitter account, which has 622 followers, were available for anyone to read last week.
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industry-news“How was your weekend?” asks Money Choice founder Matthew George: Tweet of the day
Last week Matthew George was banned by ASIC from engaging in credit activities for eight years and from providing financial services for three years.
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mortgagesWestpac ups the ante in mortgage wars with one-year fixed-rate cut to 4.79%
The new 4.79% rate is available for customers who take out a packaged home loan and borrow in excess of $150,000.
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weekend-auction-wrapMelbourne auction scene may see rise in bidders in coming months: Mal James
If property numbers remain low and buyer demand remains higher through the winter months, we may see continued increases in the number of bidders at auctions, such as we have seen so far this year.
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mortgagesGreater Building Society cuts one-year fixed-rate home loan to 4.74%
The Greater Building Society was the first lender to offer a fixed-rate home loan under 5%.
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negative-gearingScott Pape is wrong on negative gearing: Margaret Lomas
Margaret Lomas says Scott Pape is wrong arguing for the removal of negative gearing forecasting a housing rental crisis if it were abolished.
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mortgagesRAMS cuts two-year fixed-rates to 4.99% and waives investment home loan fees as investor demand rises
RAMS has reduced its three-year fixed-rate home loan by 20 basis points to 5.09%.
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residentialFederal government calls for state government stamp duty concessions for downsizing seniors
Federal ministers Jenny Macklin and Mark Butler have asked state governments to introduce stamp duty concessions to encourage seniors to downsize.
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mortgagesVariable rate borrowers need to look outside the Big Four banks for a competitive mortgage deal: RateCity CEO Alex Parsons
RateCity's chief executive says borrowers should take advantage of the low interest rate environment to ensure they have a competitive mortgage deal and to demand a discount.
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