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RAMS caught up in the storm |
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Friday, 17 August 2007 |
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HOME lender RAMS is caught in the eye of an intensifying global financial storm, with its share price collapsing as it searches for billions of dollars in funding. |
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Friday, 17 August 2007 |
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MORTGAGE stress is hitting home buyers in wealthy inner-city suburbs as the housing affordability crisis continues to bite. |
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RAMS borrowers face rate hike |
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Thursday, 16 August 2007 |
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SHARES in RAMS have more than halved this morning, with investors panicking because the home-loans company failed to refinance its short-term debt overnight. |
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Boral predicts NSW housing recovery in 2009 |
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Wednesday, 15 August 2007 |
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AUSTRALIA'S largest construction materials company, Boral, says it expects the struggling NSW housing market to recover in 2009, but has expressed concerns about worsening housing affordability. |
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Loans crisis could lift rates |
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Wednesday, 15 August 2007 |
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HOMEOWNERS could face further interest rates increases, regardless of moves by the RBA, after the global lending crisis yesterday reached Australian shores. |
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600 new houses for WA boom towns |
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Tuesday, 14 August 2007 |
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The accommodation shortage in Western Australia boom towns Newman and Port Hedland will be eased, with two big mining companies planning to jointly spend over $300 million on houses. BHP Billiton and Fortescue Metals both plan to build hundreds of houses in Newman and Port Headland in the Pilbara region of WA. The two mining companies will build over 600 homes in total. BHP Billiton has announced it will construct or refurbish 364 houses in Newman and Port Hedland at a cost of $190 million over the next three years. Fortescue Metals plans to build 250 homes in Port Hedland and South Hedland - and is investigating building new houses also in Newman. Port Hedland and Newman are both key towns in the WA iron ore industry, but unable to supply enough accommodation for mining workers as the resources boom has escalated in the state. Both towns feature in the High Returns Hotspots report on this website. ENDS |
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Tuesday, 14 August 2007 |
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The days of ?build it and they will come? for property investment are over. Developers face a competitive national and international market vying for investors? attention and dollars.
The three great deciders were the glossy brochure, the attachment of personal feelings, and finance. Glossy brochures are getting glossier with all the digital enhancements of the web, sales pitches more fevered, and finance is being driven out by institutions seeking to maintain and expand returns based on boom conditions.
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Affordable housing for low-paid |
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Tuesday, 14 August 2007 |
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LOW and moderate income-earners will be given the first opportunity to buy affordable homes to be built in Adelaide in an Australian-first program, the State Government says. |
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US crisis hits local mortgages |
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Tuesday, 14 August 2007 |
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THE US mortgage crisis has hit Australian home buyers for the first time with one lender hiking its rates by up to double last week's official interest rate rise. |
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Prices rise strongly (except Perth, Darwin) |
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Friday, 10 August 2007 |
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Most of the state capitals have seen strong price growth recently, according to the latest House Price Index from the Australian Bureau of Statistics. Brisbane, Adelaide and Melbourne all saw rises of 5% or more in the June 2007 quarter. Brisbane, with a rise 6.5%, is the national leader. Canberra, Sydney and Hobart all had rises in their House Price Index between 2% and 3% for the quarter, but both Perth and Darwin saw declines, confirming again that the resources-led property party is over in Western Australian and the Northern Territory. Overall, the House Price Index for the nation grew 3.2% for the June quarter and 9.2% for the year ending June 2007. This compares with a rise of 1.4% nationally in the March quarter. The figures provide further evidence that the buoyancy in the upper end of the market is pulling up the median prices for our major cities. |
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