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Category Archives: Australian Banks
Rates will come down by at least 50 basis points by December
Your loans should become cheaper as the year progresses. Reading of the RBA minutes from their April meeting suggests that the RBA is likely to cut rates at least twice more before the end of 2012. The minutes, released earlier … Continue reading
Posted in Australian Banks, Car Loans, Economy, Home Loans, Loans
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ANZ puts up rates by 6 basis points
Variable home loans as well as business loans will be more expensive by 6 basis points as at the end of this week, following ANZ decision late last Friday to introduce yet another independent rate increase. The bank blames the … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans
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Bankwest sued over causing borrowers to default on loans
Very unhappy ex-Bankwest borrowers are looking to instigate a class action against the bank for the bank colluding with property valuers to force commercial borrowers to default on their loans. Approximately 400 former Bankwest loan customers, have come together to … Continue reading
Posted in Australian Banks, Bankruptcy, Economy, Loans, Property
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Interest Rates expected to come down next month
Pressure is mounting on the Reserve Bank of Australia (RBA) to reduce the cash rate at their next month’s meeting. Australia is facing pressures from the escalating cost of living and a high Australian dollar. The latest RP Data statistics … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans, Loans
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More borrowers fixing loans
Not since the beginning of the GFC has there been such a significant number of borrowers looking fix their loans. A report by AFG, Australia’s biggest mortgage broker shows that demand for fixed loans has quadrupled over the past 12 … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans, Loans
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Online loans are for everyone not just newbies
Brokerage group MoneyQuest disagrees with a popular view that second and third-time home buyers do not research options for loans online. The group, generates significant inquiries for loans online, said that it receives finance inquiries from borrowers at all stages … Continue reading
Posted in Australian Banks, Car Loans, Economy, Home Loans, Loans
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Loans paid down faster to reduce debt
In its latest snapshot of the nation’s financial system, RBA is reporting that consumers are putting the brakes on borrowing overall and are choosing to concentrate on paying down existing loans. This conservative footing is causing substantial pain for retailers, … Continue reading
Posted in Australian Banks, Car Loans, Debt Consolidation, Economy, Home Loans, Loans, Mortgage Refinance, Personal Loans
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Cost of loans is the domain of banks – RBA
According to the RBA, growing costs of wholesale funds is only one of the factors affecting the interest rates banks set for loans. Speaking at a conference in Sydney, the RBA assistant governor, Guy Debelle said the central bank could … Continue reading
Posted in Australian Banks, Economy, Home Loans, Loans
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Bad Home Loans are on the increase – Fitch Ratings
Arrears on Australian home loans had increased during the fourth quarter of 2011, despite cuts in interest rates by the central bank. Granted the rate reductions on loans had been announced during November and December of 2011 and most likely … Continue reading
Posted in Australian Banks, Bad Credit Home Loans, Economy, First Home Buyers, Home Loans, Loans, Mortgage Refinance, Property
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Bank of Queensland strikes trouble with some of its loans
It appears that a large number of Commercial loans as well as home loans on the books of BAQ are in trouble with late payments and arrears. This has prompted the bank’s board to order a $450 million capital raising … Continue reading
Posted in Australian Banks, Economy, Home Loans, Loans, Personal Loans
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