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The amount of (or that portion of) an asset actually owned. Equity is the difference between the market value and the current amount of money still owing on the loan. This is also referred to as the owner’s interest.
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House price rise below expectations
Nov 20 :: Australian house prices edged higher in the September quarter, but by much less than economists expected.The official Bureau of Statistics index shows capital city house prices rose 0.3 per... read more
RBA calms nerves with another rate cut
Jun 06 :: The Reserve Bank has moved to calm rattled households and non-mining sectors of the economy by shaving 25 basis points from the cash rate.The move takes the official interest rate to 3.5... read more
ANZ last to move in cutting rates
May 18 :: ANZ Bank is the last of the big four banks to announce its move on interest rates this month, cutting its standard variable mortgage and small business interest rates by 37 basis points.From... read more
Wary buyers opt for fixed interest mortgages
Apr 04 :: Fixed mortgage rates hit a four year high and New South Wales continues to dominate the market, accounting for two out of five new mortgages in Australia. That is according... read more