Big 4 follow the RBAs lead

March 9th, 2010

The big 4 banks in Australia have all followed the RBA and raised their mortgage rates by a further 25 pts. Official base rates are now at 4% Homeowners will be pleased to hear that all of the banks have restricted their increase to match the RBA rather than adding on additional profit margin as they did late last year a move that generated wide spread criticism.

Economists warn that further rate rises are inevitable and homebuyers or those seeing to drawdown to release equity should factor this in when budgeting their mortgage repayments.

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Another rate rise

March 3rd, 2010

the RBA has today increased base rates by a further 0.25 pts to take official inerest rates to 4.0% we wait to see what action the banks take in passing the rate rise onto their mortgage customers

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How myschool can help attract the family market

February 13th, 2010

homeowners who are selling property likely to appeal to the family market eg a 3 bed house with a safe back yard should check out the details of their local schools at myschool.gov.au

if the property is in the catchment area of a desirable school then the vendor should make sure that buyers know this by including a copy of the schools profile in their property information pack.

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