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Mortgage

Pressure on non-bank lenders

BORROWERS are being urged to consider refinancing their mortgages with major banks as the funding crisis afflicting non-bank lenders intensifies.

Homes

Home building industry slumps

A RISE in house prices in Sydney's suburbs is needed to rescue the home building industry from the worst slump it has had nation-wide in a quarter of a century.

Building shortage drives up rents

BUILDING approvals fell more than expected in August and the lack of building will force rents and house prices higher amid a lack of supply.

house

Rents strike record, no relief

RENTS have hit record highs across the country, with Sydney median house rents having struck $400 a week for the first time, with no relief from rising costs in sight.

house

House prices shrug off rates

AUSTRALIAN housing prices have grown by nearly 10 per cent this year, shrugging off the string of interest rate rises and jitters about the US credit crunch.

Data paints gloomy picture for US housing

PENDING sales of previously owned homes in the US fell 6.5 per cent in August as buyers struggled to get loans, indicating the dire housing market could worsen, according to an industry report released overnight.

Mortgage brokers home in

HALF of all new residential loans in Australia will be arranged by mortgage brokers within three years, according to a study byindependent market analyst Datamonitor.

Climate friendly rebates for NSW homes

REBATES being offered for home insulation and energy efficient hot water systems could save NSW householders up to $1500, the State Government said.

house

Rent prices take big jump

THE cost of getting a rental property in Melbourne rose by 6.2 per cent above inflation in the past year -- the biggest jump since 1998 as affordable housing becomes scarce.

Beat rising interest rates

INTEREST rates are sitting at an 11-year higher and could rise even more. If you're a borrower, there are some basic steps you can take to reduce interest costs.

house

Analysts forecast rate rise before December

AUSTRALIANS could be slapped with another interest rate rise this Christmas - but for October at least, no rise in official rates is expected.

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CurrenciesMore

    Level
AUD/USD   0.8868
AUD/EUR   0.6259
AUD/GBP   0.4342
  Date/Time
AUD/USD Oct 06, 2007 06:00
AUD/EUR Oct 06, 2007 06:00
AUD/GBP Oct 06, 2007 06:00

Market IndicesMore

Index Level %Chg
All Ordinaries 6617.3000 +0.5684
S&P;/ASX200 6605.4000 +0.5863
DJIA 13968.0500 +0.0448
NASDAQ 2729.4300 +0.1517
S&P500; 1539.5900 +0.2111
Euro100 3281.0100 +0.0917
Nikkei 17199.8900 -0.6244
Index Date/Time
All Ordinaries Oct 05, 2007 16:11
S&P;/ASX200 Oct 05, 2007 16:11
DJIA Mkt Close, Oct 04
NASDAQ Mkt Close, Oct 04
S&P500; Mkt Close, Oct 04
Euro100 Mkt Close, Oct 04
Nikkei Mkt Close, Oct 04

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