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Breaking News

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Mortgage stress low overall but high in certain postcodes

by Staff Reporter • 30 May 2008

Mortgage stress is low on a national basis in Australia but rife in certain regions and postcodes, according to Fitch...READ MORE

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UK house prices suffer May slide

by Staff Reporter • 30 May 2008

UK house prices dropped by a considerable 2.5 per cent in May – the largest monthly fall in the history of... READ MORE

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NAB announces new commissions structure

by Staff Reporter • 29 May 2008

NAB Broker unveiled a new stepped trail commission structure this afternoon.

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Opportunity beckons for property investors

by Staff Reporter • 29 May 2008

It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels... READ MORE

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Three Australian cities rank in 50 most expensive global office...

by Staff Reporter • 29 May 2008

Rent increases have pushed three Australian cities into the rankings of the world’s 50 most expensive office... READ MORE

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Residential construction increase masks negative trend: MBA

by Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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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