Virgin Group yesterday submitted a reduced £1.2 billion (A$2.61 billion) bid to take over Northern Rock and rebrand it as Virgin Bank.
The JP Morgan and Fujitsu Consulting monthly consumer survey has found around 300,000 Australian households are suffering from severe levels of mortgage stress.
House price indexes rose in all eight capital cities in the December quarter to a weighted average of 3.2 per cent, according to figures released by the ABS today.
First home owners were granted a tax break by the federal cabinet this afternoon that is expected to see struggling borrowers save $4 billion in four years.
Criticism of lenders charging deferred establishment fees for early loan repayment looks set to intensify should the anticipated RBA rate rise be confirmed tomorrow.
Weekly rents may rise by up to $100 over the next two years, The Investors Club has warned.
New home sales, including houses and units, fell 1.3 per cent for the month of December, the Housing Institute of Australia (HIA) yesterday revealed.
Bluestone Servicing, Bluestone Group’s newest business, has proven a success in its first six months of operation the organisation has reported.
Australian office markets recorded the strongest demand in 35 years in 2007 Jones Lang LaSalle research has revealed.
Global real estate investors have tabled Sydney as the ninth most sought after property market to invest in.
The Federal Reserve slashed its official cash rate by 50 basis points to three per cent over night.
Industry heads have been “working tirelessly” to delay the in...
Former Bluestone executive Royden D’Vaz has joined Loan Market ...
The federal government’s funds manager has revealed the recipi...