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CBA joins NAB, ANZ in hiking rates

The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per cent. Th...
June 18, 2019
The November spike in home approvals may not reflect the true position of the market, the Australian Financial Review reported today. The 8.9 per cent jump in n...
January 09, 2008
Australian home owners enjoyed a “vintage year” in 2007, according to the Real Estate Institute of Australia (REIA), with house prices increasing in most parts of t...
January 09, 2008
ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia, according to The Sydney Morning Herald. &l...
January 09, 2008
The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope with sharp market downturns, reports the Australian Fina...
January 09, 2008
Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for November 2007 based on trend estimates, up 11.2 per cent ...
January 08, 2008
ANZ is feeling the heat of public scrutiny over its decision to lift interest rates with Federal Treasurer Wayne Swan labeling the move as “excessive” following a m...
January 08, 2008
ANZ attributed higher wholesale interest rates to its decision to increase standard variable home loan rates yesterday. Effective Wednesday 9 January, the interest rat...
January 08, 2008
American television channel CNBC reported that US Citigroup is considering a 5-10 per cent cutback of its workforce, according to Reuters. With a total workforce of 327,...
January 08, 2008
After months of sustained media negativity directed at the non-bank sector over higher funding costs, the major banks could now face a consumer backlash with two of the big fou...
January 07, 2008
Credit unions are likely to follow the lead of the major banks by raising interest rates on standard variable mortgages, reports The Advertiser. According to th...
January 07, 2008
Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday. Westpac CEO David Morgan expressed confidence in the trans...
January 07, 2008
4,429,000 – number of baby boomers in the Australian workforce 2.2 &ndash...
January 04, 2008
The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis points. Politicians on both sides have condemned the move as...
January 04, 2008
Amid fears of crippling affordability and further interest rate rises mortgage lenders can take heart that the top end of town is still flush with cash. Lamborghini, R...
January 03, 2008
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More details emerge behind HashChing exodus

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Rise in mortgage delinquencies forecast to continue

High household debt, declining house prices and the automatic con...