BORROWERS are being urged to consider refinancing their mortgages with major banks as the funding crisis afflicting non-bank lenders intensifies.
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 approvals fell more than expected in August and the lack of building will force rents and house prices higher amid a lack of supply.
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.
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.
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.
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.
REBATES being offered for home insulation and energy efficient hot water systems could save NSW householders up to $1500, the State Government said.
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.
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.
AUSTRALIANS could be slapped with another interest rate rise this Christmas - but for October at least, no rise in official rates is expected.
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 |
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 |
MATTEL has made a public apology for the 'design flaw' that damaged China's reputation.