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AUSSIE Home Loans has recorded a strong rise in the number of borrowers looking to refinance their mortgages, as home owners try to take advantage of record low interest rates.

The non-bank lender said refinancing accounted for 38.5 per cent of home loans written in June, up from 30.2 per cent in March.

“There have been plenty of home owners who have been complacent about their mortgages,” Aussie founder and executive chairman John Symond said.

“But our figures show that more and more of them are taking advantage of record interest rate lows and are actively seeking out the best deal.”

However, the number of first home buyers settling home loans dropped to 21.3 per cent of total loans written in June, from 32 per cent in March.

“The steam has abated in the first home buyer market as many of them realise that the properties available are probably already at full price,” Mr Symonds said.

“They are re-assessing the market.”

Aussie is one of Australia’s largest non-bank providers of financial services and has a loan book of more than $30 billion.

Source  :  www.news.com.au

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Australia’s demand for IT support staff is currently soaring, promising potential applicants with faster immigration process. IT workers are at an advantage with Australia’s visa system, wherein applicants are categorized by points and are classified by age, language, skill, occupation and experience.                                                                          IT
 
According to the Australian Visa Bureau, over 23,000  UK citizens have migrated to Australia.
 
Australian Visa Bureau director Guy Bradley said, “As many IT professionals have critical skills needed throughout Australia, and/or are on specific state and territory sponsored lists, the government will fast-track them through the skilled migration process, and process their visas as a matter of priority.”
 
“Of course the lure of the glittering beaches, open spaces, and high quality of life down under will never be overlooked, but Australia is increasingly attractive to emigrants because it looks to be pulling out of the global recession sooner than Britain,” Bradley added.
 
IT positions needed require expertise in data warehousing, C++, C and C#, risk management, e-commerce security, SAP, Siebel, .Net, Cobol, Unix, Java, SQL Server, networking LAN/WAN and IT project management.
 

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