Howard says sorry for rate rise |
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Thursday, 08 November 2007 |
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HOMEOWNERS have been slugged with another interest rate rise, the first-ever during an election campaign, pushing mortgage rates towards a 13-year high. |
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Hit by historic rate rise |
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Thursday, 08 November 2007 |
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HOMEOWNERS have been slugged with another interest rate rise, the first ever during an election campaign, pushing mortgage rates towards a 13-year high. |
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Tuesday, 06 November 2007 |
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AUSTRALIANS should prepare themselves for three more interest rate rises in coming months, which would take variable home lending rates over 9 per cent to a 13-year high. |
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Ugly Ducklings out-perform in busy Melbourne market |
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Tuesday, 30 October 2007 |
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The cheaper outer suburbs are starting to out-perform the inner-city areas on price growth in Melbourne, according to the latest figures from the Real Estate Institute of Victoria. The median price for the more affordable segment of the market rose 5.1% in the September quarter. Sunshine, north-west of the CBD, recorded a 26% rise in its median price from $241,000 to $335,000 during the quarter. Overall, Melbourne's median price rose 3.9% over three months to reach $431,000 - providing an annual rise of 13% or $50,000 in the city's median price. There are now 15 Melbourne suburbs with a median price above $1 million, including new entrants Camberwell, Beaumaris, Glen Iris, Malvern East and Brighton East. Apartment values are also showing strong growth, with the median price for Melbourne units rising 5.1% to $368,000 in the September quarter. |
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Merrill writes down $8.7bn of bad home loans |
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Thursday, 25 October 2007 |
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MERRILL Lynch reported its first loss in six years after writing down $US7.9 billion ($8.7 billion) of bad bets on risky subprime mortgages and related securities. |
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