Tag Archives: Finance

RBA Rates Decision – HOLD AT 1.5%

Sponsored Post – Aussie Prospect Editor’s Note: LIVE ARTICLE Further commentary will be added as notes from the RBA board meeting become available. Commentary by Bechara Boutros The RBA Board has announced their decision to hold rates at 1.5%, signalling a vote of confidence in the economy, and is widely seen as a small win for the Liberal government leading

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More Bad News For Purple Bricks: Shares Price Forecast Slashed

Purple Bricks is hitting headlines a lot in recent months, unfortunately for all the wrong reasons. The anti-commission-collector brand was hit with more bad news from investment bank analysts this week shortly after being advised by Berenberg Investment Bank to “Get out of Aus & US to Survive”. This week’s headline is a slashed share price forecast by investment bank

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Purplebricks Advised: Get out of Aus & US to Survive

Analysts from investment bank Berenberg have warned last Friday that the self-titled industry disruptor will need to exit the Australian & US markets if it wants to survive. The German private bank said in a note: “Having flown too close to the sun, with operations in five countries and cash burn of circa £7 million [$12.9 million] a month, we

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HomeStart Finance Joins Aussie Home Loans Panel Lenders

HomeStart Finance, the South Australian lender specialising in loans for customers who struggle to obtain home loans from mainstream lenders has joined the panel of lenders available to Aussie Home Loans 75 brokers. The lender has settled loans for 1,779 buyers with a portfolio of $510 million in the 2018 financial year, with 90 percent of customers unable to source

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A host of Melbourne suburbs drop below the million-dollar median mark

The Domain House Price Report for December 2018 has provided a list of the suburbs which had previously seen median home prices above $1 million dollars, which can no longer claim as such. In early 2018, the number of million-dollar suburbs was on the increase – last February saw 13 new suburbs cross this immense threshold, bringing the total count

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Real estate recovery – the Perth suburbs surging upwards

Cottesloe, Gwelup and Bicton among most promising Perth suburbs Stirling is Australia’s second-strongest government area for growth markets These increases are built from a low base, following a drop post-resources boom In the wake of widespread downturn throughout Australia’s larger markets – Melbourne’s recent figures particularly bleak – Perth’s suburbs have been singled out by a recent index as leading

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