Territory Stories

The Northern Territory news Sat 12 Dec 2009



The Northern Territory news Sat 12 Dec 2009

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NT news


The Northern Territory news; NewspaperNT




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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

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Nationwide News Pty. Limited

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Copyright. Made available by the publisher under licence.

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Nationwide News Pty. Limited



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Real Estate Liftout Northern Territory News, Saturday, December 12, 2009 37 P U B : NTNE-WS-DA-TE:12-DGE:137LO-R: C-M Y-K and enjoy W ITH 3.6ha that have been selectively cleared at the front while retaining the natural bush at the back, this property is rural with a capital R. And its electric front gate is the sole break in the perimeter fencing. The property, with its solid three-bedroom, one bathroom ground-level home Besser block home, backs on to reserve land. Inside is a new Jaguar kitchen with electric stove and oven as well as a dishwasher. The home is fully tiled and air-conditioned throughout. Top of the range screens, Crimsafe stainless steel, protect the doors and windows. There is an internal laundry and solar hot-water system. An in-ground pebblecreted salt water, resort-style pool with spa jets and internal bench seat is the perfect spot to chill out. It is also fenced to current NT safety standards and has shade sail cover. Crystal-clear water is supplied by an 8 litres/sec second bore which also feeds the auto reticulated, low maintenance gardens and lawns. The coded shed, 15m by 9m, has power, lights and concrete. Kerbing and a nice gravel drive lead to the triple carport. The property is well fenced and has a garden shed and chook house. Negotiable in the sale are a ride-on mower and icemaker fridge/freezer. www.ntnews.com.au Spread out GIRRAWEEN 176 Woodcote Cres PRICE:$695,000 AGENCY: NT Realty AGENT: Gunter Trnka 0405 504 770 or Corrine Jarc 0418 830 500 OPEN: Today, tomorrow 10am to 11am and enjoyand enjoy By Tim Blue THE banks need your cash and will pay you high interest. Anyone looking for a home for spare cash and still wary about the sharemarket should think seriously about the latest deposit rates on offer. The Commonwealth Bank will give you 7 per cent on a three-year term while Westpac and its subsidiary St George will pay you 6.8 per cent for a 12-month term. Grab them; deals like these don't come every day. Why are our big banks so generous? Because they have to be to stay competitive. Much of the explanation lies with the out-workings of the global financial crisis, competitive pressures at home and some old-fashioned bloody-mindedness among managements. Above all, it is cheaper to borrow from you in the form of your term deposit than to go offshore into wholesale borrowing markets, where the GFC has made it harder and more expensive to borrow money. National Australia Bank, for example, raises about 60 per cent of its funds from domestic deposits and about 40 per cent from wholesale interbank and other markets, split half and half between here and overseas. The GFC may have pushed up the cost of offshore wholesale borrowing - perhaps by one percentage point or a little more but it is still cheaper to fund from home even if they have to pay up to 7 per cent to get your deposit. Second, as financial comparison website RateCity's chief executive Damian Smith points out, your deposit can be their entry to your custom, a kind of loss-leader, as the retailers say. "If they can get you in the door with an offer of a good rate on a deposit, they'll have a better chance to sell you a home loan or credit card, which are much more profitable products for them.'' Banks being generous for a change

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