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Connexus : Issue 42
Housing growth trend continues Growth in home values has been continuing since June 2012, according to the latest fgures. The February 2013 results of the RP Data- Rismark Home Value Index showed capital city home values recorded a 0.3 per cent increase over the month following a 1.2 per cent increase in January. Although values rose, the gains were not as broad- based as those in January with only four capital cities recording a rise in dwelling values over the month. Over the three months to Febr uary 2013, home values across the combined capital cities increased by a total of 1.2 per cent. Values rose over the past three months across every capital city housing market except for Adelaide (-0.3%) and Darwin (-2.5%). Hobart recorded the largest quarterly increase (4.2%) followed by Canberra (2.3%) and Melbourne (2.2%). However values remain below their historic highs, which is a function of the market weakness during the past two years, according to RP Data. Meanwhile, the rate of growth for units has outstripped that of houses. On an annual basis, unit values have increased by 2.3 per cent compared to a 1.2 per cent increase in detached house values. Across individual capital cities, the unit market has recorded a superior performance to that of detached houses in Sydney, Adelaide and Canberra. Rewarding approach Queenslanders Credit Union has "emerged from the pack" to take one overall gold medal as well as fve gold and two silver medals in the Australian Home Loan Awards hosted by You r Mortgage magazine. "The overall gold medal was awarded for best loan features, with customers responding especially well to added bonus features such as a 10 per cent discount on home and contents insurance, unlimited free transactions on loans and linked bank accounts and special discounted rates on personal overdrafts," according to the magazine. Newcastle Permanent Building Society bagged two gold medals, two silvers and one bronze in the credit union categories to claim second place on the podium just ahead of Greater Building Society in third, You r Mortgage magazine said. The Greater perfor med strongly once again with consumers, just missing out on a silver medal, but taking a couple of golds in important categories, said Your Mortgage. Meanwhile, Newcastle Per manent was named 'Best of the best' in the non-bank category for cheapest home loan packages and savings accounts in Money magazine's annual awards. Honour for Theresa Mason Teachers Mutual Bank sales and marketing head Theresa Mason has been named Financial Services Executive of the Year at the CEO Magazine Awards. The award acknowledges Mason's work in leading the successful marketing campaign to rebrand from Teachers Credit Union to Teachers Mutual Bank. Mason had been "fundamental" in transforming the organisation, the judging panel found. Judges included Har vey Nor man executive chair man Gerry Harvey, Carnival Australia CEO Ann Sherry, AGL managing director CEO John Karagounis and Sussan CEO Colleen Callander. Mason says preparation for the campaign took place during a "highly pressured" eight months. She says the campaign's success was "especially pleasing given that it took place in a volatile fnancial marketplace with the big four banks jockeying for dominant positions, and other fnancial institutions positioning themselves as viable alternatives to the big four.” Theresa Mason 6 Connexus NEWS