(News Shared By : Ratna Tewari, Finance & Mortgage Solutions, Perth WA) The market for reverse mortgages in Australia has grown to $3.7 billion, according to a new report, with brokers writing
Read more ...-
-
Australian dollar follows commodity prices lower
THE Australian dollar has backed away from the highs it reached on Wednesday, weighed down by falling iron ore and oil prices. At 0700 AEDT on Thursday, the local dollar was trading at 79.35 US
Read more ... -
Fitch Ratings reveals the suburbs where owners are struggling to meet mortgage repayments
QUEENSLAND has retained an award other states wouldn’t want to lay claim to, it has the highest number of homeowners behind on their mortgage repayments. While Queensland mortgage holders were
Read more ... -
Fake bank in China duped customers for millions of dollars
THERE’S fake and then there’s fake. Three farmers in central set up a fake bank and managed to bilk people out of $41.8 million. That’s right — a fake bank. The ‘bank’, in Nanjing, has
Read more ... -
Iron ore miner Fortescue Metals Group cuts costs to stay profitable
FORTESCUE Metals has reassured investors it remains profitable despite the brutal slide in iron ore prices. The miner says it has reduced its break-even price to around $US46 a tonne, giving it a
Read more ... -
Expensive fake things bought with real money
HOW much would you be willing to spend on an imaginary item — a collection of pixels and polygons sitting inside a computer? For some video gamers, the sky is the limit. While most people worry
Read more ...