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Residential construction increase masks negative trend: MBA

by • 29 May 2008
Residential building activity increased slightly in the March quarter by 0.3 per cent, seasonally adjusted, to reach...READ MORE
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Almost 40pc of income needed to cover mortgage payments

by • 29 May 2008
The proportion of household income required to meet average home loan repayments rose to 38 per cent in the March... READ MORE
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Two additional rate rises to come: ANZ

by • 28 May 2008

The official cash rate will reach 7.75 per cent by the end of the year, according to ANZ.

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St George extends electronic lodgement deadline by one month

by • 28 May 2008
St George has given brokers an extra month’s grace on its electronic lodgement requirements, pushing the... READ MORE
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Brokers divided on cross selling

by • 28 May 2008

Cross selling may meet resistance from the broking industry despite commission reductions.

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Worsening picture for loan arrears revealed

by • 28 May 2008
Prime mortgage arrears rose by four basis points to 1.28 per cent in February, according to Standard &... READ MORE
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Wizard sale no impact on third-party business: GE Money

by • 28 May 2008
The sale of Wizard Home Loans will not affect GE Money’s third party business, according to a statement issued... READ MORE
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Fixed-rate loans keep private business on track

by • 28 May 2008

Australian businesses are feeling the effects of the credit crunch but remain confident in their future.

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St George and Westpac step closer to merger

by • 27 May 2008
St George and Westpac have announced that they have signed a Merger Implementation Agreement (MIA) to form what would... READ MORE
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Fixed-rates lose their appeal with consumers

by • 27 May 2008
Demand for fixed-rate mortgages contracted significantly in April, Mortgage Choice housing loan approval data released... READ MORE
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Brokers unjustly carry burden of credit crunch: FBAA

by • 26 May 2008
The FBAA has criticised the banks’ decision to cut commissions, stating that brokers are being unjustly targeted... READ MORE
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BankWest cuts 42 broker groups

by • 26 May 2008
BankWest will reduce its distribution to just 17 brokerages and will break ties with all other groups within 28... READ MORE
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Bouris to buy back Wizard

by • 26 May 2008
Wizard Home Loans’ founder Mark Bouris will seek to regain control of the lender just four years after selling... READ MORE
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First quarter slide for housing markets

by • 26 May 2008
House prices softened considerably during the first quarter of the year, data released by the Real Estate Institute of... READ MORE
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GMAC-RFC confirms $302 million non-conforming RMBS

by • 23 May 2008
GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal... READ MORE

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