February 2010
Storm Clients to Target Other Banks
February 26, 2010 by Editor · Leave a Comment
Major banks are working to settle disputes with former clients of Storm Financial following a landmark deal between the Commonwealth Bank and devastated investors.
CBA on Tuesday agreed to a deal with lawyers for more than 2000 former Storm clients which will see cash payouts and mortgage reductions given to customers affected by bad lending practices and a failure to call in margin loans.
Storm Investors Consumer Action Group chairman Noel O’Brien said pressure would now be put on other lenders to follow CBA’s lead. (more…)
Rising Interest Rates Drive Australian Loan Delinquencies
February 19, 2010 by Editor · Leave a Comment
Mortgage delinquencies are set to rise in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills, says global ratings agency Fitch. (more…)
Reserve Bank of Australia Bosses to Face Parliamentary House Committee in Feb 2010
February 19, 2010 by Editor · Leave a Comment
Homeowners shouldn’t hold their breath for a definitive answer on the timing of interest rate rises when Reserve Bank of Australia (RBA) officials face a parliamentary committee this week. (more…)
Australian Owner-Occupier House Finance Falls 5.5%
February 18, 2010 by Editor · Leave a Comment
Home loan approvals retreated for a third straight month in December after a reduction in government subsidies and interest rate rises dampened enthusiasm for mortgages, economists say. (more…)
Find The Top 50 Cheapest Suburbs/Towns In Australia
February 12, 2010 by Editor · 3 Comments
Find Australia’s cheapest suburbs listed here. Some of our readers missed this report so see the list below… (more…)
Australian House Maintenance Tips
February 11, 2010 by Editor · 3 Comments
The following information is supplied as a general recommendation that should be adopted to help maintain the building in a serviceable condition. (more…)
A Do It Yourself Checklist For The Australian Homebuyer
February 11, 2010 by Editor · Leave a Comment
It’s been said so often it has become a cliché – the family home is usually the biggest investment anyone ever makes. Yet too many people launch themselves into it without sufficient care. (more…)
Property Investing Store
February 10, 2010 by Editor · Leave a Comment
Find dozens of excellent property investing books, titles, audio CD’s, casettes, magazines, downloads, DVD’s and more. Including titles like ” The Australian Dream and $1 Properties”. (more…)
Australian home loan arrears increase in 2009. What about 2010 with rising interest rates?
February 10, 2010 by Editor · Leave a Comment
In April 2009 we wrote to Australian Federal Government front benchers and back benchers regarding mortgage stress and bank fire sales.
The primary question was what legislative protections were available to borrowers who were experiencing mortgage stress, who were in loan default and at risk of home possession and bank fire sale. How to protect consumers from aggressive lenders and how to protect the borrowers equity and hence their financial future. . (more…)
NSW Rent and Property Sales Reports
February 10, 2010 by Editor · Leave a Comment
The New South Wales Rent and Sales Report is the sole source of data on NSW rent movements. It is published quarterly within two months of the end of the quarter. This is very good free information.. (more…)
Global Real Estate: Ready for a Rebound in 2010?
February 10, 2010 by Editor · Leave a Comment
The global real estate community is breathing easier than it was a year ago, judging by the sentiments of participants at a recent Knowledge@Wharton global real estate forum titled, “The Road to Recovery: Investing in the Global Real Estate Rebound.”
Held at the New York Stock Exchange on December 11 in conjunction with Interconnect Events, the forum focused on the developed world’s challenges in freeing up private capital and finding opportunities in distressed real estate assets, among other topics. (more…)
Rental Property Store
February 10, 2010 by Editor · Leave a Comment
Find numerous books, titles, audio CD’s, casettes, magazines, downloads, DVD’s about rental properties, property management and more . Including titles like ” Rich Dad’s Advisors: The ABC’s of Property Management: What You Need to Know to Maximize Your Money Now” and software like “Quicken Rental Property Manager” . (more…)
Property Investing Audio and MP3 Download Store
February 10, 2010 by Editor · Leave a Comment
Find dozens of excellent property investing audio CD’s, MP3, audio books, casettes, DVD, VHS and more. Including titles like ” Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals ” (more…)
Australian civil property possessions by lenders – the statistics
February 9, 2010 by Editor · Leave a Comment
The analysis of statistical data on the rate of civil property possession is very insightful for the public and for property owners. The majority of these matters relate to a mortgagee claiming delivery of possession and/or the payment of money secured by a mortgage. (more…)
Foreign Property Ownership in QLD. How Is It Measured?
February 7, 2010 by Editor · 1 Comment
Statistics on foreign property ownership is required by law and subject to the Foreign Ownership of Land Register Act 1988 (the Act). (more…)
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