What to look for at an open house

Posted by Patrick Marion Date added : 03/05/2014

Source: MFAA – Article by Emily Watson. There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door? Open for inspections are opportunities to really flick through the pages, a..

ANZ faces $57m claim on unlawful penalty fees

Posted by Lisa kennedy Date added : 06/02/2014

Millions of dollars in late fees ruled unlawful Finally ANZ customers charged with excessive late payment fees on credit cards will be eligible to get their money back, after a 4 year court battle. The millions of dollars of late penalty fees the banks have been gouging over the years are unlawful a..

Reserve Bank cuts interest rates to their lowest ever

Posted by Patrick Marion Date added : 06/08/2013

As we expected the Reserve Bank today announced a further reduction in official interest rates to a historical low of 2.50%. The Board took into account recent information on easing commodity prices, a depreciating dollar, the moderating of inflation and the unemployment rate edging higher. As a res..

What to do if you experience mortgage stress?

Posted by Patrick Marion Date added : 17/07/2013

It’s good to know that help is readily available if you are experiencing difficulties making repayments on your mortgage. Many borrowers tend to retreat, hide or avoid the issue when this happens, however this is the worst thing that they can do. The Genworth “Home Owner Assistance Program” (H..

Fixed rate loans surge in popularity

Posted by Patrick Marion Date added : 02/07/2013

Up to 20.6 percent of all new loans settled in April 2013 were fixed rate loans according to data from the Australian Bureau of Statistics (ABS). This is the highest percentage of fixed rate loans since the Reserve Bank of Australia (RBA) raised official rates to 7.25 percent in March 2008. Lenders ..