meHouse.com.au

Housing News e-Magazine

AU Housing News:

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  Don't bet the house on a property price bubble bursting
  Sydney Morning Herald
  In 2008 a University of Western Sydney economics professor, Steve Keen, bet Rory Robertson of Macquarie Group that Australian housing prices would slump 40 ...
  
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  Australia's Bank Bonds Punished on Housing Bubble Concern: Credit Markets
  Bloomberg
  Australia, a nation of 22.4 million, faces a housing shortage and needs to build about 420000 more homes in the next decade than it did in the last, ...
  
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  The great housing dilemma
  Sydney Morning Herald
  According to a recent Australian Housing and Urban Research Institute survey of 1604 older home owners, more than 90 per cent believe their house is the ...
  
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  Australia shares open 0.4 percent higher
  Ninemsn
  ... Australian stocks opened 0.4 percent firmer on Friday, helped by a solid lead from Wall Street as positive data on US jobless claims and housing soothed ...
  
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  Sydney Morning Herald
  
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  ABC Online
  
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  Red tape the winner
  Gold Coast Bulletin News
  If you look at the taxes involved in real estate now, it has made Australian housing the most expensive in the world," he said. "It doesn't have to be this ...
  
  
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  Australian Housing Affordability Sinks Sharply In 2Q As Rates Rise
  Wall Street Journal
  SYDNEY (Dow Jones)--Australian housing affordability nudged closer to a record low in the second quarter of 2010 as interest rate increases and rising home ...
  
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  THE WEEK AHEAD Shane White
  Business Spectator
  Wednesday will bring housing finance data from the Australian Bureau of Statistics, with economists not expecting much of an improvement, suggesting the ...
  
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  Krugman's Lucky To Be An American
  Wall Street Pit (blog)
  Indeed it still isn't, as Australian housing prices could crash at any time. I've consistently argued that the bubble theory is only useful if it leads to ...
  
  

AU Mortgage News

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  Mutuals mortgage books grow 10%
  Sydney Morning Herald
  Building societies' home loan books grew by 9.4 per cent to $15.9 billion, the Australian Prudential Regulation Authority data showed. ...
  
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  Big four facing heat on deposits
  Herald Sun
  Latest statistics show domestic banks suffered a fall in income from interest on home loans despite building up their mortgage books. ...
  
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  Australian mortgage lenders hit by double whammy
  Reuters
  Securitisation is considered vital in providing competition to Australia's four major banks, which raised their share of the home-loan market to 90 percent ...
  
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  Money AU (blog)
  
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  High mortgage debt a danger in a downturn: house prices
  The Australian
  DB argues Australian mortgage loan arrangements result in much less risk than US housing has experienced. Australians' preference for variable rate loans ...
  
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  Banks to raise interest rates independent of the RBA?
  yourMortgage.com.au
  However, he said that it's the banks that have the industry really worried, as there are fears that lenders will soon increase mortgage interest rates ...
  
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  Scarce cash to hit home
  Herald Sun
  The group offloaded some home loans to the Commonwealth Bank and sold out of what was then Wizard Home Loans. With $9 billion in assets, the remaining ...
  
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  Home loans sink to a nine-year low
  Sydney Morning Herald
  Update The number of home loans in Australia has fallen to a nine-year low, in the latest sign of emerging weakness in the nation's housing market. ...
  
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  Commonwealth Bank FY Net Rises To Record; Margins Pinched
  Wall Street Journal
  The group's retail banking services arm, recorded a 17% improvement in cash earnings for the year to A$2.46 billion, boosted by an 18% increase in home loan ...
  
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  Reverse mortgages: badly judged or just misunderstood?
  Money Management
  “The typical rate of interest applied to the loans is higher than the average rate of interest on residential home loans and is currently around the 7.5 to ...