New home building will fall 15 per cent in 2011 as interest rates and poor affordability wipe out recent stimulus-driven gains, says the HIA – Australia’s peak residential construction body. Continue reading
Tag Archives: Interest
Shock rise in mortgage default cases
Stressed-out borrowers should speak with their lender and not wait until it’s too late Continue reading
Business owners 41% less optimistic than last year
There has been a 41 percent drop in optimism among Australia’s privately held business owners over the last year, with falls in consumer spending and rising interest rates the cause according to a new report. Continue reading
Construction takes a hit from rates, floods
Activity in the construction industry slowed further in January as higher interest rates and the early effects of the Queensland flooding took their toll. Continue reading
Former Chartwell director pleads guilty to ASIC charges
Former Chartwell Enterprises Pty Ltd (Chartwell) director, Graeme Hoy, has pleaded guilty to 47 charges following an ASIC investigation into the collapse of the Geelong-based company. Continue reading
Interest rates pressure forces house sales
One in 10 home buyers believe rising interest rises could force them to sell up. Continue reading
Risks in the Market v The Aussie $
The risk of an Irish debt default is unlikely to cause a sustained pullback in Australian shares, but the local dollar may lose some of its recent strength, analysts say. Continue reading
Minnows use taxman as a bank
THERE are strong reports coming out that small business debts to the ATO have ballooned in the last 12-18 months. Continue reading
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Banks lend $70,000 to pensioner whose income is $485 a fortnight! Continue reading
FAMILIES hurting more now than at height of Global Financial Crisis
A special report by The Sunday Telegraph has revealed the that households have been forced to drastically cut back on spending, stores are empty despite unprecedented sales and the property market is dire, with 40 per cent of auctions in Sydney last week resulting in no sale. Continue reading
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