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Australian Housing

Subprime warning on first home grants

COMMONWEALTH Bank of Australia has cautioned that the Federal Government’s sweetener on the first home buyers grant should not become an open-ended offer because it could encourage some into the housing market who may not be able to afford home ownership. » Subprime warning on first home grants – The

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Australian Economy

Will Rudd bring the house down?

Last year Deputy Governor of the Reserve Bank of Australia, Mr Ric Battellino addressed the 7th ITSA Bankruptcy Congress with an update on household finances. In his speech, he raised differences between the Australia and U.S. housing markets : “A third important difference between Australia and the US is in