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The LMI waiting game may cost you more
- February 24, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Insurance, Investment Property, Property Renovation, Rental Property, Wealth
No CommentsSome of our clients who didn’t want to pay LMI in the last 12 months are NOW facing a much bigger challenge. The property they were saving for has gone up 3 times more than the LMI they avoided paying! What is LMI? Lenders’ Mortgage Insurance (LMI) was introduced to offer higher Loan to Value
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House Prices Continue to Surge
- September 20, 2010
- Posted by: admin
- Category: House prices
The housing market has recorded an average annual growth rate of 8.4 per cent over the past three decades. RP Data’s latest findings found that Australian house prices double every 10 years based on an annual compounding rate of 7.2 per cent. This is confirmed by any member of the public that has owned property
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Home loan interest rates my rise before the end of the year
- September 8, 2010
- Posted by: admin
- Category: Finance News
As expected the RBA kept the cash rate on hold at 4.50%. Rates have been on hold since June. Some banks are whispering the cost of funds are increasing so there is a very slim chance of them raising rates above the RBA at the next opportunity. With another rate rise the non bank sector will
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RBA Credit May 2010
- July 1, 2010
- Posted by: admin
- Category: Finance News
Today’s May RBA Credit data indicates, in our view, that credit growth is supporting domestic growth outlook. The 0.4% rise in business credit is positive for the expected recovery in business lending over 2010 and 2011. But the recovery may be gradual. Corporate deleveraging appears to be at its end in the current cycle. But
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RBA flags further rate rises
- February 8, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens… The RBA has increased its forecast for economic growth in Australia, expecting a faster pace over the next two years. Underlying inflation is forecast