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Economy

Sydney five times dearer than Hobart

Affordable inner-city property still exists in Brisbane and even Melbourne, but is fast becoming impossible to find in Sydney.

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New CEO takes control of national mortgage group

One of Australia’s largest mortgage groups has announced the transfer of the company’s chief executive officer responsibilities.

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May rate cut less likely

NAB has changed its forecast for the Reserve Bank’s next cash rate decision.

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Abolish stamp duty, not negative gearing: HIA

The argument that negative gearing is dominated by wealthy investors is inaccurate, according to research released by the The Housing Industry Association.

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Borrowers not yet over GFC, data reveals

Australians remain “very circumspect” about taking on extra debt, despite new data showing a big jump in credit card applications.

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Home loan rates down, credit card fees up

Average mortgage interest rates decreased across all categories during the second quarter of 2014/2015, while rates and fees for credit cards increased.

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Business confidence registers ‘very significant improvement’

Chief financial officers have become more optimistic about the prospects of their companies, according to the latest Deloitte CFO survey.

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Reserve Bank could pour fuel on fiery Sydney market

Sydney’s “exuberant” housing market might soon be further boosted after governor Glenn Stevens raised the possibility of another interest rate cut.

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Land constraints driving residential lot prices: report

Vacant residential land prices continue to rise with limited supply, and with Sydney, Perth and Melbourne leading the way, according to the latest HIA-CoreLogic RP Data Residential Land ...

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Prestige Melbourne home values going up, up and up

Property prices in Melbourne’s inner city have recorded massive rises since the start of the year, with Toorak up almost 16 per cent.

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