mobile bank
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Murray inquiry not made for a future with fewer banks | Pat McConnell

By Pat McConnell A key component of the Financial System Inquiry handed to Treasurer Joe Hockey this week was that “the financial system should be subject and responsive to market forces, including competition.” But on both market forces and competition, inquiry chair David Murray and his team squibbed it. Much of the discussion of the…

house mortgage
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The number of homes selling below $400,000 continues to trend lower | Cameron Kusher

As capital city dwelling values continue to rise, homes selling at a price below $400,000 continue to decline, down to 39.7% of all sales from 44.1% a year earlier. Over the 12 months to August 2014, 37.3% of houses and 45.7% of units sold for less than $400,000. At the same time a year earlier,…

rent or buy
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Disillusioned First Home Buyers Choose Rentals Over Mortgages

First home buyers have given up on buying compared with last year according to the recent finder.com.au Home Loan Insights Survey. Despite no change to the official cash rate, more Australians have given up on the property market with triple the number of first home buyers preferring to rent than commit to a mortgage. The survey…

china city flag
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China’s first interest rate cut since 2012 | Shane Oliver

In recent commentary Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital explained the economic effect of China’s first interest rate cut since 2012. Borrowing costs have been too high in China so rate cuts will help support economic growth and is also a positive for Chinese shares, which remain relatively cheap. China’s rate cut highlights…

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