Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in immediate rises to official interest rates.
Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.
Spiralling average loan sizes and LVRs over the last three years could spell trouble for lenders, Moody’s reported yesterday.
Mortgage insurers PMI and Genworth Financial are braced for a slowdown in business, reported The Australian today.
100 loan consultants will join LJ Hooker’s real estate network by the end of the year in response to an increase in clients seeking refinancing.
Banking group Suncorp will close five of its retail banking branches in regional NSW and its Bendigo branch in Victoria, but will bolster its West Coast presence.
Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from activity the same time last year (63.5 per cent).
Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.
Record high national population growth is expected to fuel strong rental increases in most capital cities across Australia.
Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling nationally.
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index revealed yesterday.
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