Members Equity Bank looks set to overhaul the way it funds home loans as a result of the liquidity problems affecting financial markets, reports The Courier-Mail.
Australian banks are targeting Australians living in Europe as domestic home loan affordability continues to bite.
Australia’s property owners are confident the economy will remain strong over 2008.
Queensland-based business Option2Buy is facing receivership after only a few short months in the market.
Australian banks’ assets grew by 17.5 per cent in the 06/07 financial year, driven by strong growth in housing loans.
The international credit crisis will be “very good” for local banks, Justin Braitling of Australian Leaders Fund today told The Australian.
Credit unions and building societies experienced a positive 12 months to September 2007 with lending for housing driving the sector’s growth.
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