National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by RHG Ltd at net asset value.
Office markets around the country have recorded their best performance in 20 years according to the Property Council’s latest Office Market Report.
Credit rating firm Moody’s Investors Service has put forward a request for comment regarding changes to how it rates financial products.
$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ.
Sydney residential vacancy rates rose slightly to 1.2 per cent in January, but sustained under-supply of rental property is still putting upward pressure on rental prices.
Q407 results from Fitch Ratings’ “Dinkum Index” have shown a decline in the number of delinquencies on Australian prime mortgages.
The Reserve Bank lifted the official cash rate today, as expected, by 25 basis points to seven per cent – the highest rate in 12 years.
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