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Home loans plummet by 10%

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Australian Broker | 04 May 2011, 06:30 AM Agree 0
April has seen credit demand take a significant hit due to rising interest rates and cost of living pressures, coupled with falling property prices
  • Kym Dalton | 04 May 2011, 01:53 PM Agree 0
    10% is not a plummet. 50% is a plummet.
  • Matt | 04 May 2011, 02:57 PM Agree 0
    Just reduce stamp duty! Especally for Investors. Stamp Duty is one reason why people can't afford to buy. Its not the Rate, its the upfront costs associated with the loan.
  • sidbroker | 04 May 2011, 05:24 PM Agree 0
    I not surprised that there is a 10% downwood trend. Thanks to the powers to be it has become much more difficult to borrow money. Our Government did not need to introduce the new draconian regulations for one and all. They did it because they wanted to play along with the Big Boys Club namely USA and Europe. The politicians see themselves as being World Players but they are not. GFC had nothing to do with Australia and we were just fine the way we were. I can`t wait for the next Federal Election.
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