Home' InDaily : April 18th 2011 Contents PARTNERS
MONDAY 18TH APRIL 2011
Australians owe a collective
$49.3 billion on their credit
cards according to the latest
figures from the Reser ve Bank
The latest data, updated on
April 12, showed that for the
month of Februar y the amount
owed by people on their credit
cards had risen to $49.3
billion, compared with $48.0
billion for Januar y.
The amount owed is identical
to the figures collated for
December, 2010, which also
came in at $49.3 billion.
For most of calendar 2010 the
amount owed by Australians on
credit cards hovered between
$47 billion and $48 billion.
Millicent, Mount Gambier, Por t Augusta and
Renmark led the way in rural South Australia with
solid house price growth over the past 12 months,
but Murray Bridge and Whyalla suffered falls.
The latest official figures from the Valuer-General
in South Australia showed the number of houses
bought and sold in the March quarter of 2011
in the main country towns tracked by the Valuer-
General was 316, compared with 470 in the
March quarter of 2010.
Port Augusta registered the strongest increase
in median house price over the 12 months, with
investment in mining and mining-related projects
helping to underpin the local economy.
The median house price in Port Augusta increased
by 19.1% to $250,000 in the March quar ter of
2011, compared with $210,000 a year earlier.
Mount Gambier was up 8.2% to $265,000 over
the 12 months, Millicent jumped by 15.6% to
$203,500 and Renmark increased by 8.2% to
Whyalla suffered a 12.3% decline to $250,000,
while Murray Bridge was down by 16% to
BankSA general manager Chris Ward said buyers
and sellers were being cautious, with household
disposable income impacted over the past 12
months by high petrol prices and rising food,
interest rate and utilities costs.
*This offer is available from 6 April 2011 until 31 May 2011 and may be withdrawn at any time. The offer only applies to new Great Start Home Loan applications received and lodged within the offer period for new secured borrowings of $150,000 or more that are includ ed in a B ankSA Advantage Package. For the firs t 1 2 months
from the settlement date of the G reat Start Home Lo an, the interes t rate is 1.25% p.a . below the standard variable rate. # Af ter the firs t 1 2 months, the discount rate will rever t to the prevailing Advantage P ack age discount s ubject to the BankSA Advantage P ackage terms and conditions. 0 .70%p.a . is the current Advantage P ackage
discount for s ecured bo rrowings of $250,000 or more and is subject to change. Other interes t rate discounts under the Advantage P ackage are available for borrowings of les s than $250,000. + O n selected credit cards only. Limited to 1 cre dit card account per package. Advantage P ackage annual fee of $ 395 applies, other fees
may be payable. Co nditions apply and are available on request. The information does not take into account your circumstances. P leas e read the terms and conditions to d ecide whether the product is suitable f or you. Discounts only apply whilst products are includ ed in the Advantage P ackage. A ll applications for credit are subject
to BankSA’s prevailing credit criteria. BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ACL 233714.
Spend more on your home,
less on your loan.
1.25%p.a. of f our standard variable rate for the first 12 months*
Put more of your money where it matters with a BankSA Advantage Package. Get off to a Great Start Home Loan with 1.25%p.a. off our standard variable rate for the first
then up to 0.70%p.a . of f thereafter#. Plus $0 annual credit card fee+
, $0 monthly account ser vice fee on our Complete Freedom Account, $0 loan establishment
fee, credit limit increase and rate switch fees, $0 monthly loan administration fee and $0 monthly ser vice fee with 100 % offset facility. Offer ends 31 May 2011 so visit
banksa.com.au or call 13 13 76 today.
HOUSE PRICES UP IN SOME COUNTRY TOWNS
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