First home loan size drops as house prices ease

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A drop in the number of home loans taken in January and a big fall in the average loan size taken by first home buyers given falling or easing house prices highlights the prospect of greater home loan affordability in 2016, according to the head of banking business act., Amanda Watt. Over the month of […]

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Save thousands on your home loan with these Top 7 tips

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Home buyers can save thousands of dollars by repaying their home loans more quickly by making extra repayments and using offset accounts, with the head of banking business act., Amanda Watt, who warns borrowers should watch out for some traps on no-frills and fixed home loans which may restrict repayments. Watt recommends the following seven […]

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Home loan value reaches record $1.46 trillion

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A rise in the proportion of first-time home buyers in the market in December as well as a jump in home loans being taken out by owner occupiers could indicate housing is becoming more affordable given softer conditions in property markets, according to the head of banking business act., Amanda Watt. Over the month, the […]

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First home buyer level drops to 11-year low

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A reduction in the proportion of first-time home buyers in the market in November to its lowest level since June 2004 highlights the difficulty that many Australians face in buying a home, according to the head of banking business act., Amanda Watt. In sobering new data, the number of first home buyer commitments as a […]

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Investors pull back sharply from property investment

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Amanda Watt Australian investors are finally pulling back from pouring money into property, with new official data highlighting a pullback in investor home loans, which could help to take pressure off properly prices in 2016, according to the head of new banking business act., Amanda Watt. However, a reduction in first-time buyers is a warning […]

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Sydney house price growth reaches new high, falls in Perth, Darwin

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A new official report reveals house prices surged in the June 2015 quarter in Sydney to post their fastest annual growth yet of 18.9%, while values fell back in Perth and Darwin, with improving affordability in smaller cities expected to draw some first home buyers back in 2016, but million-dollar-plus Sydney prices remaining a big […]

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First home buyers levels in surprising drop, home loans at record

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A new report reveals housing finance reached a fresh record of $32.8 billion in July, but first home buyer levels dropped off despite lower interest rates, while fixed loans as a proportion of all new home loans, fell to a five-year low, according to the head of new banking business act., Amanda Watt. Fixed-rate loans, […]

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Australian businesses earn record $267bn from Internet, jump in social media use

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Amanda Watt, Head of act. A new report reveals Australian businesses earned a record $266.8 billion from internet sales in 2013-14, while more are using social media to build their brands and followings, said Amanda Watt, who heads up act., a new banking business which uses online platforms and social media to build support for crowdfunding of […]

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Australian home loan market hits $1.3 trillion, more highs in sight as investors dive in

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A new report reveals the value of home loans in Australia struck $1.3 trillion in the March 2015 quarter as investors piled money into property, and the home loan market is expected to reach new highs this year as owner occupiers and investors seek to capture strong property returns, according to the head of new […]

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