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Media Releases

Refinancers could be in for a nasty shock

16th of November 2011

Median house prices in every city except Canberra have dropped since last year. Some borrowers may now have mortgages which outweigh their property\’s value. Borrowers still have options available.

RBA cuts rates has your lender

3rd of November 2011

More than 80 percent of lenders yet to announce rate cuts. About 2.5 million Australians should expect lower repayments in time for Christmas.

Reserve Bank cuts the cash rate to 4.5 percent

1st of November 2011

Reserve Bank cuts official cash rate by 25 basis points. Borrowers could save around $50 per month in repayments. It’s good news for existing and potential borrowers.

The great borrower strike

22nd of October 2011

Household and business borrowing has slowed dramatically over last 3 years. Unprecedented increases in deposits by both households and especially businesses.

Lenders loosen the purse strings for spring

13th of October 2011

RateCity research reveals highest loan-to-value ratio levels in more than 2 years. Majority of loans offer 95 percent LVR, and range up to 98 percent.Borrowers urged to be careful about overextending.

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