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Refinancing hits record high

by Staff Reporter • 8 Aug 2008
The group’s Mortgage Index showed that 40.8 per cent of new mortgages in July were for refinancing, with most... READ MORE

Non-bank market share edges up

by Staff Reporter • 7 Aug 2008
The slight increase was a marked improvement from a decrease of 17.6 per cent in May. However the number of owner... READ MORE

RESIMAC issues its first RMBS for 2008

by Staff Reporter • 7 Aug 2008
Though on the small side, the $100 million deal shows there are signs of life in the capital markets and bodes well... READ MORE

HSBC reports steep profit decline

by Staff Reporter • 5 Aug 2008
Loan impairment charges and other credit risk provisions were key contributors to the result, rising by 58 per cent... READ MORE

AFM product to ?compete with banks?

by Staff Reporter • 5 Aug 2008
The product has a fee-free standard variable rate of 8.97 per cent and a propack rate of 8.92 per cent. Upfront... READ MORE

Banks using credit crunch to bolster profits: InfoChoice

by Staff Reporter • 4 Aug 2008
“The major banks have not only survived but strengthened thanks to the credit crisis, becoming the market price... READ MORE

Dwelling construction fails to keep up with immigration

by Staff Reporter • 4 Aug 2008
BIS said underlying demand for new dwellings would average 185,000 new dwellings over the next five years –... READ MORE

Suncorp forecasts profit decline

by Staff Reporter • 1 Aug 2008
While the forecast result is almost half that recorded for the same period the year, the bank remained optimistic... READ MORE

HBOS profit dips but BankWest expansion to continue

by Staff Reporter • 1 Aug 2008
The result was a decline of six per cent for the same period in 2007, which reflected the sharp increase in... READ MORE

Adelaide Bank issues RMBS

by Staff Reporter • 1 Aug 2008
The $450 million Class A notes were priced at 110 basis points over the one month BBSW and rated AAA by Standard... READ MORE

Dwelling approvals continue downward slide

by Staff Reporter • 31 Jul 2008
The total number of dwelling approvals for June stood at 12,237, seasonally adjusted, This was 0.7 per cent down... READ MORE

Plunging business conditions to usher 2009 rate cuts

by Staff Reporter • 30 Jul 2008
Business conditions have also deteriorated sharply – domestic demand growth has slowed to an annualised two per... READ MORE

NZ building plans slump to seven year low

by Staff Reporter • 30 Jul 2008
Just 1,362 housing units were authorised for construction in June, the lowest figure since 2001. Residential... READ MORE

ANZ plans for earning slide on back of increased bad debt provisions

by Staff Reporter • 28 Jul 2008
In a trading update provided to the ASX today, ANZ said credit impairment provisions in the second half of 2008 were... READ MORE

NAB outlook revised to negative

by Staff Reporter • 28 Jul 2008
The bank’s ratings were affirmed however at AA/A-1+. Standard & Poor’s credit analyst Sharad Jain... READ MORE
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