Monthly Archives: October 2013

Demand for home loans falls in August

Posted on October 14, 2013 by | 0 Comments
INVESTORS continued to elbow first-home buyers out of the property market in August, with the share of first time buyers taking out new home loans falling to its lowest level in almost 10 years. The number of housing loans fell almost 4 per cent to 49,900 from July to August, ending six straight months of rises, while the share of first-home buyers shrank from 14.7 per cent to 13.7 per, the lowest level since April...

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A Question of Integrity: Politics, Ethics, and the Supreme Court

Posted on October 14, 2013 by | 0 Comments
“A Question of Integrity” examines growing concerns about ethically questionable and overtly political behavior by some Supreme Court justices, and explores the need the need to apply the same ethical standards that govern every other judge in the federal court system to the nation’s highest court. Viewers are called to action in support of reforms essential to preserve the integrity of our most important legal institution.

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Agent commission trap?

Posted on October 13, 2013 by | 0 Comments
Claudia Fiori knew selling her home would come at a cost, but drew the line at paying commission to an agent who, she claims, did nothing. Ms Fiori believes she was led into a trap of signing an exclusive contract with LJ Hooker’s Kathy Phillips when she put her Woodridge house up for sale. However, 36 hours after signing the contract Ms Fiori sacked Phillips. According to Ms Fiori Phillips allegedly agreed to terminate the contract. However,...

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Borrowers Don’t Understand How Lenders Look At Them

Posted on October 11, 2013 by | 0 Comments
This isn’t what you want to hear when you make the trip to your bank, cap in hand, to ask for money. However it’s often what’s said. The main reason is that many borrowers don’t understand how lenders look at you and how they assess your worthiness. BY JANE SLACK-SMITH It comes down to a two things:  1.You  2.What you’re buying   Let me deal with the first component. Without getting over the initial hurdle...

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Dangers lurk in the home for the untrained do-it-yourself renovators

Posted on October 5, 2013 by | 0 Comments
MORE and more television shows are advertising how to renovate or extend your home. I cringe when I see these types of programs that encourage home owners to undertake projects that are often too complex, dangerous and difficult for owner-builders to tackle. On the flip side, there are some home owners who have completed training and research that equips them with enough skills to complete standard projects. The programs that show how to totally gut...

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New mortgage lending rules come into force in NZ

Posted on October 5, 2013 by | 0 Comments
The Reserve Bank’s new mortgage lending restrictions come into force today, restricting the number of high loan-to-value ratio mortgages banks can lend. From today banks will be required to restrict new residential mortgage lending at loan-to-value ratios (LVRs) of over 80 per cent to no more than 10 per cent of the value of their new housing lending – meaning most would-be home buyers will need a 20 per cent deposit. The policy has already...

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Deceptive property spruiker

Posted on October 5, 2013 by | 0 Comments
Investors are losing their life savings after taking advice from a property spruiker, who claims there’s fortune to be made in real estate. Paul Giezekamp, a smooth talking property spruiker, has been travelling the country selling a dream through pop-up stands at property expo’s. In his seminars Giezekamp claims that he has up to 24 properties, with $11 million in assets. Giezekamp is the founder of Property Secrets, a company which angry investors claim have...

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Using your mobile overseas

Posted on October 3, 2013 by | 0 Comments
Most phone companies allow you to use your mobile phone when travelling overseas. This service is known as ‘international roaming’. Your phone will not automatically work in every country. If you want to use your phone while you’re away you should check with your mobile phone provider that you will be able to use your phone in your destination. You may also need to contact your provider to activate international roaming before you leave. Using...

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Buying Strata? Top 7 questions to ask

Posted on October 3, 2013 by | 0 Comments
It’s important that you do your homework when you buy a strata titled property, or you could find yourself paying a lot more than you bargained for. Alternatively, you could find yourself allowed to DO a lot less than you bargained for! Whether it’s pet ownership, levies or the use of common areas, there can be plenty of room for conflict. Knowing upfront how it works and the ‘personality’ of the body corporate can save...

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Reserve Bank faces rates headache amid concerns of house price bubble

Posted on October 3, 2013 by | 0 Comments
While the Reserve Bank (RBA) has left the official cash rate at a historic low, some economists believe interest rates must fall in the months ahead to restrain the value of the dollar and encourage recovery in non-mining sectors of the economy. The growing headache for the RBA is the lower the rates, the greater the boom in the housing market – and bigger the pressure for regulators to intervene and ensure house price inflation...

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