Big four banks increase personal customers by over a million since 2011

Change in personal banking customer numbers 2011 to 2015
The big four banks in Australia increased their personal customers (aged over 14) by 1,042,000 from July 2011 to July 2015. This is an increase of 5.5% and is above the population growth over the same period (5.2%), indicating that they are retaining their dominant market position despite strong competition. These are the latest figures from Roy Morgan Single with over 50,000 interviews per year. NAB leads customer growth Among the big four, the NAB growth in personal customers growth o...
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Smaller banks continue to lead in customer satisfaction

The satisfaction level of the big four banks’ personal banking customers in the 6 months to July 2015 was 81.3%, which was up 0.8% points from July 2014 (80.5%). Despite this improvement, the banks other than the big four still have a clear lead with 86.0% satisfaction in July 2015, which was up 0.5% points from July 2014 (85.5%). These are the latest findings from Roy Morgan’s Single Source survey of over 50,000 people pa. CBA regains top satisfaction spot among the big four Competitio...
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‘She’ll Be Right Mate’ Could Cost You Thousands

Buying a first home has never felt harder and – as just one of life’s many defining moments – it’s clear that people could use a helping hand! With eight out of 10 Australians not seeking professional financial advice[1] and going with the ‘she’ll be right mate’ mentality to their bank account, the launch of the Association of Financial Advisers’ new consumer website and TV series Your Best Interests this Tuesday, will help Australians stop missing out on financial opportunities that could h...
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Australia’s most affordable capital city suburbs revealed

Victoria and Tasmania have Australia’s top five most affordable suburbs for houses, while the most affordable units are in South Australia, Victoria and New South Wales, according to new analysis of the 12 months to April 2015. The National Australia Bank and CoreLogic RP Data Australian Housing Market Report, winter edition 2015, also shows Australian capital city home values increased by 7.9% over the past year. NAB commissioned the report to help customers looking for affordable options...
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National planning report card sounds warning on housing affordability

Poor planning is holding up new housing and adding to costs for home buyers, finds the most comprehensive national assessment of Australia’s planning framework ever undertaken. The 2015 Development Assessment Report Card (3rd Edition) commissioned by the Property Council of Australia shows that more than a decade after agreeing to ten national principles for best practice development assessment, Australia’s states and territories are still lagging. Chief Executive Ken Morrison said the rep...
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Who really uses negative gearing? Nurses, teachers, clerical staff

The Property Council of Australia refutes claims made today that average Australian workers are not the main beneficiaries of negative gearing.   The latest available data from the Australian Taxation Office is indisputable and it shows that some of Australia’s most valued, but lower paid workers are the primary beneficiaries of negative gearing.   This includes the 42,000 nurses, midwives and aged care workers, 62,000 teachers and child carers, 12,300 emergency service wor...
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A Complicated Past May Still Secure You a Home Loan – Non Conforming Loans

It is possible to get a Home Loan even if you don’t meet a Bank’s credit criteria. With the memory of the recent financial crisis still fresh and the resulting credit tightening still in effect at most financial institutions many would-be homeowners are still standing on the sidelines assuming that credit is out of reach for them. Industry experts recently revealed that one in five people in Australia still can’t get credit from a traditional lender. That’s where Specialist Lenders come in...
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RECORD HIGH LEVEL OF NEW HOME BUILDING HELPS HOUSING AFFORDABILITY

The latest ABS Building Activity data released today shows that 2014 was a bumper year for new residential construction with the value of work and number of building starts both recording double digit increases in the year to December, seasonally adjusted. New residential dwelling commencements jumped 17.9 per cent year on year hitting 197,972 in seasonally adjusted terms for 2014, despite commencements for the quarter falling by 10.6 per cent. The value of new residential building work ...
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NAB helps first home buyers get a foot in the door

National Australia Bank analysis shows first home buyers are increasingly turning to their families for help to achieve their home ownership dreams. NAB’s research has found that 6.7 per cent of first home buyers are now using the NAB Family Guarantee to get a foot in the property market – up from 4.8 per cent in 2010. Customers in the Northern Territory and Tasmania accessed the NAB Family Guarantee the most, with 14.3 per cent and 12.1 per cent respectively of first home buyers taking up...
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Housing Supply Reforms Must Be Priority

Master Builders Australia strongly backs the focus by the Federal and State/Territory Treasurers on tackling housing affordability announced by the Federal Treasurer at the Council on Federal Financial Relations yesterday. “The working party to be chaired by Victorian Treasurer Tim Pallas is welcome recognition that increasing the housing supply is where the focus of government needs to be,” Wilhelm Harnisch CEO of Master Builders Australia said. “The core of the problem is to remove th...
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Housing Finance Data Highlights Need To Release Handbrake On The Housing Supply

“The latest housing finance highlights the urgent need for a national housing affordability agenda to increase the housing supply and ensure first home buyers are not locked out of the market,” Peter Jones, Chief Economist of Master Builders Australia. “Only by increasing supply can we solve poor housing affordability by exerting downward pressure on house prices. We need a policy response that works to release the hand break on new housing,” he said. “The industry remains confident th...
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What’s the difference between a buyer advocate and a real estate agent?

You’ll see them at open for inspections and auctions. In their orange vests and badges, clutching Ipads and clipboards, they are checking out houses for clients. ?Mal James of James Buyer Advocates (he’s the one in the checked hat) and his team specialise in finding properties in the $1million plus range for clients. Buyers’ advocates do not sell real estate. They act solely in the interests of the buyer. The real estate agent, in contrast, acts for the seller. While the role of the buyer ...
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Good news for aspiring property buyers in Melbourne and Sydney

Aspiring property buyers in Melbourne and Sydney will soon have the opportunity to minimise those necessary but pesky property inspection costs when buying a home. https://vimeo.com/121581102 Easy Inspect, a Melbourne based startup, aims to use its platform to pool interest and crowd-source property inspection resources to drive down the cost of property pre-purchase inspection services which, for a combined structural and pest report, market price currently stands at around the $600 mark....
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Credit Savvy™ launches to help Australians access and understand their credit score

CreditSavvy.com.au launches today, providing Australians with free access to their credit score and resources to understand and manage their credit reputations. This free consumer initiative is backed by Aussie Home Loans, which has long been an advocate of empowering consumers and helping them get a better deal. Founder and Executive Chairman of Aussie, Mr John Symond AM, said “Consumers need to be on the front foot when it comes to understanding and managing their credit reputation. It ...
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Realestate.com releases Apartment Hotspots List

Victoria has had the most searches for off the plan apartments nationally over the past three months, according to realestate.com.au’s New Apartment Hotspots list. . The following ten Australian suburbs have had the most views for off-the-plan apartments in the past three months: 1. Collingwood (VIC) 2. Hampton (VIC) 3. Lane Cove (NSW) 4. Mosman (NSW) 5. Melbourne CBD (VIC) 6. Brisbane City (QLD) 7. Rhodes (NSW) 8. Wollongong (NSW) 9. Carlton (VIC) 10. Richmond (VIC) Victoria has...
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