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Average FHB loans cheaper than median rents in most cities but be prepared for rising interest rates!

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 January 25, 2013, Sydney: Australia’s leading financial comparison website RateCity.com.au (RateCity) is warning first home buyers to prepare for rising interest rates, following a new study which claims it’s now cheaper to buy than rent on average in most Australian capital cities. Cheaper to buy on average FHB loan size Vs. median rents in most [...]

First home buyers fail to lift mortgage season

Hopes were lost for first home buyers to restore life back to the home loan market, as Australia’s leading financial comparison website RateCity.com.au (RateCity) found the proportion of first home buyers ended mortgage season with an eight-and-a-half-year low.  Australian Bureau of Statistics (ABS) Housing Finance figures, released on Monday January 14, 2013, show first home [...]

Many Aussies will spend more than you think on Christmas!

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With the annual Christmas shopping rush is now in full swing, alarming results from a new survey by Australia’s leading financial comparison website RateCity.com.au (RateCity) show that more than half (51 percent) of Australians will be relying on their credit cards to purchase presents this year.

2012 investment review and outlook for 2013

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Shane Oliver, head of investment strategy and chief economist at AMP Capital recently gave his review of the year just gone and some views for 2013. In summary he said: While 2012 has had its share of worries, it has turned out far better than feared and share markets and growth assets have been able to generate strong [...]

Property Investment Traps

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In a recent article on news.com.au Karina Barrymore wrote that property investmenthas been the backbone of many multi-million-dollar empires. She said…