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Growth

Consumer confidence plunges unexpectedly

by Staff Reporter • 12 Jun 2008
The index now sits at 84.7 – the lowest level recorded since December 1992. Bill Evans, Westpac chief... READ MORE

Commercial finance commitments continue downward trend

by Staff Reporter • 12 Jun 2008
Committments were 14.6 per cent down on March, and followed a decline of 11.1 per cent in March. Personal finance... READ MORE

Lehman Brothers to deliver shock quarterly loss

by Staff Reporter • 11 Jun 2008
The investment bank – one of Wall Street’s largest – said the first ever quarterly loss would be a... READ MORE

Outlook bleak for Australian businesses

by Staff Reporter • 10 Jun 2008
According to the survey – which measured the sentiment of senior executives across a range of Australian... READ MORE

House prices plummet

by Staff Reporter • 10 Jun 2008
The report, released over the weekend, showed the weighted average median house price dropped by 2.7 per cent over... READ MORE

GDP growth rate slows

by Staff Reporter • 5 Jun 2008
This brought the annual rate, seasonally adjusted, to 3.6 per cent. The result was the slowest rate of growth in... READ MORE

Interest rates remain on hold

by Staff Reporter • 4 Jun 2008
Glenn Stevens, the RBA’s monetary policy governor, said tightened financial conditions had helped to produce... READ MORE

National property values stagnate

by Staff Reporter • 3 Jun 2008
According to company's end of month index released May 30, property values have dropped by 0.03 per cent since the... READ MORE

Sluggish weekend for auctions

by Staff Reporter • 2 Jun 2008
According to Australian Property Monitors (APM) the clearance rate for auctions in Melbourne was just 52.7 per cent... READ MORE

IMB winds back third-party distribution of residential loans

by Staff Reporter • 2 Jun 2008
IMB's chief executive Robert Ryan told Mortgage Business this morning that the decision had been made in light of... READ MORE

Residential construction increase masks negative trend: MBA

by Staff Reporter • 29 May 2008
Compared to the March quarter 2007, construction activity was down by 2.6 per cent. Master Builders Australia chief... READ MORE

Wizard sale no impact on third-party business: GE Money

by Staff Reporter • 28 May 2008
In the communication Mark Rice, managing director of GE Money Third Party Solutions, confirmed that GE is... READ MORE

Fixed-rate loans keep private business on track

by Staff Reporter • 28 May 2008
East & Partners principal analyst Paul Dowling said the optimistic outlook of private businesses could be... READ MORE

Fixed-rates lose their appeal with consumers

by Staff Reporter • 27 May 2008
Fixed-rate loans fell to 21 per cent of all approvals during the month – 13 per cent down from March and 17 per... READ MORE

US home prices fall significantly in Q1

by Staff Reporter • 24 May 2008
The Index showed overnight that house prices declined 1.7 per cent, seasonally adjusted, during the first three... READ MORE
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