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News
- A Home a Day Being Repossessed in Victoria
May 31, 2010 | 2:21 pmData by the Sheriff’s Office of Victoria shows that about one home per day is being repossessed. From July 2009 to March 2010, it has been tallied that around 250 properties have been taken by the state while 1,388 repossession writs were files in the Supreme Court. This shows that rising home loan rates are [...]
- RBA takes interest rates up 0.25%
May 4, 2010 | 4:25 pmThe RBA has been forced to tighten monetary policy for the third time this year – taking the official cash rate to 4.5 per cent.
Homeowners will pay around $50 a month more on their mortgages after the RBA raised the official cash rate 25 basis points, on the back of strong underlying inflation and surging [...] - Firstfolio joins the perennial brokers
April 14, 2010 | 3:31 pmThe recent history of the mortgage sector suggests that as soon as the big banks grab an indecent portion of market share, new players emerge to nibble away at the spoils.
In the early 1990s, new rivals such as Aussie Home Loans, Wizard and RAMS sprung from the scorched landscape, before themselves being subsumed. Firstfolio a [...] -
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