The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling the pressure of increased loan servicing costs.
Tax cuts announced in the Federal budget this week could slow investor activity and worsen the plight for renters, RP Data warned yesterday.
The rate of inflation rose in the UK in April to three per cent – the highest rate in five years and well above the government’s target of two per cent.
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007, Standard & Poor’s revealed yesterday.
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage origination at the start of May.
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in the economy.
The Federal budget delivered last night included several measures to combat housing affordability.
HSBC has announced it made a strong start to the year despite turbulence in global financial markets.
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two companies.
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released overnight revealed.
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial loans.
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring bite.
The leading lights of the broking industry from across NSW and AC...
The SME lender has announced changes to its leadership team follo...
The neo-lender has reported a $12.9 million loss in the six month...