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  • Boost for home owners as banks pass on rate cut

    The National Australia Bank has broken ranks with its major rivals by failing to pass on the full 25 basis point cut in lending rates announced yesterday by the central bank. Westpac posts record profit No super profits for banks: Eric Johnston Home loan guide NAB today said it would […]

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    Get your foot on the first rung

    Prices are making it difficult to get into the property market – but it’s not impossible, writes Anneli Knight. Housing affordability has hit first-home buyers hard but with a pull back in interest rates and a slowing of property price growth, now is a good time to put a plan […]

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    Coalition’s exit fees stand slammed

    A threat by the Coalition to overturn the Gillard government’s ban on bank mortgage exit fees has prompted an angry response from consumer group Choice. The ban is due to take effect from July 1, but can still be reversed by a majority vote in federal Parliament. The Coalition would […]

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    Hope on the horizon

    While falling house prices might be bad news for sellers, they do present some opportunities, writes Penny Pryor. “Falling house prices” are not three words that home owners want to hear. But every cloud has a silver lining: a report out last week showed that falls in the prices of […]

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    Reserve Bank warns on rate rises

    Borrowers are likely to face higher interest rates in coming months, after the Reserve Bank confirmed it would use its key weapon to combat inflation from the resource boom. Minutes from the Reserve’s latest board meeting show it is a matter of when interest rates will rise, not if, saying […]

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