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Macquarie Group delivered a record net profit today of $1.8 billion after tax for the year ending 31 March 2008 – 23 per cent up on the prior corresponding period.
The aggregation sector is geared for consolidation as sweeping changes to broker remuneration and cost pressures intensify.
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on Friday.
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.
Government to put businesses in ‘hibernation’
The Prime Minister has revealed that a third stimulus package is ...
Lenders come out in force to support brokers
An increasing number of lenders, including CBA, have voiced their...
Aggregator renews compliance push ahead of BID
Finsure has announced that it will be renewing its focus on compl...
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Where do you send the largest proportion of your mortgages?
As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of The Adviser.
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