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Lending money

Hidden cost of buying a house

If you're thinking of buying a new home soon, you've probably thought about the maximum price you can afford and the down payment you can afford. And if you're planning to finance the purchase, the monthly mortgage payment might also be on…

Home loans rise 1.7% in May

Home loans rose 1.7% to $32.4 billion in May as banks cleared a backlog of loan applications.The figures came a day before a meeting of the Reserve Bank's board of directors that is widely expected to raise the cash rate.The Australian…