February 15th, 2010
Mortgage delinquencies are set to rise in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills, says global ratings agency Fitch.
Home loans in arrears by more than 30 days increased across all borrower categories during the December 2009 quarter, Fitch said in a report released on Monday.
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February 14th, 2010
ABOUT 20 public housing dwellings are being approved for construction in NSW every day as part of a fast-track approval process.
And new figures show Sydney’s south-western and western suburbs will receive the highest number of new dwellings.
Data from Urban Taskforce Australia shows that Fairfield East has had 127 public housing homes approved, South Granville 85, Revesby 74 and Riverwood 64. Yagoona, Fairfield and Smithfield had at least 60 approvals.
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February 14th, 2010
You can now read the latest industry news on your iPhone. On your iPhone simply browse to: http://news.thebrokerresource.com.au and the page will automatically format to suit the iPhone.
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February 14th, 2010
Are you doing enough to protect your business by having secure passwords? And do you have different passwords that can’t easily be traced?
Many people use the same password for everything – from their private work accounts, containing a plethora of confidential details, through to their own personal Facebook or social networking account.
Analysis of the 32 million passwords exposed last month in the breach of social media application developer RockYou – who’s applications can be used on Facebook and Myspace – provides further proof that consumers routinely use easy-to-guess login credentials.
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February 13th, 2010
The fall of Stuy Town is a warning for local home owners, writes Bernard Lagan in New York.
THE brackish towers of Stuy Town’s 11,000 apartments, sentries along Manhattan’s East River for more than 60 years, are far off but the tremors from their astonishing transition to the world’s biggest property investment failure are reaching the world over – including the worried scholars of Australia’s soaring property market.
The bullish argue that a property slump on the scale of America’s devastation couldn’t happen here. Today’s Australian property prices, they say, are buoyed by the housing demands churned by high immigration, a scarcity of new developments and a barrelling economy.
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Private funds from 6.05% – No LMI – Up to 5 years – Residential – Commercial – Rural
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