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Banks beef up provisions in expectation of bad SME debts
by Staff Reporter • 29 Apr 2009
First half banking results released by ANZ and NAB this week have highlighted an increasingly gloomy outlook for...READ MORE
Industry to tackle servicing levels
by Staff Reporter • 29 Apr 2009
Brokers can expect a collaborative effort between lenders and aggregation groups to deliver improved service levels,... READ MORE
Don't bank on further rate cuts: NAB
by Staff Reporter • 29 Apr 2009
Brokers should not expect any further rate cuts to have a significant influence on mortgage rates, NAB chief Cameron... READ MORE
St George lifts fixed rates
by Staff Reporter • 29 Apr 2009
St George has hiked its three, four and five year fixed rate home loans.
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US house prices to slump further in 09
by Staff Reporter • 28 Apr 2009
Homeowners in the United States face further erosion in house prices this year on top of already sizeable losses,... READ MORE
Economic forecaster says recession will ?hurt bad?
by Staff Reporter • 28 Apr 2009
Close to one million Australians will be out of work by late next year however Australia will still fare better than... READ MORE
NSW tops nation's default list
by Staff Reporter • 28 Apr 2009
A RBA-funded University of Western Sydney survey has found that 19 of the top 20 postcodes for mortgages that are more... READ MORE
Fixed rate competition to heat up
by Staff Reporter • 28 Apr 2009
Despite moves by the major banks to push up their fixed rates this month, NAB believes this is likely to reverse as... READ MORE
Broker licensing to start Jan 2010
by Staff Reporter • 28 Apr 2009
Industry regulation has inched one step closer following the release of the draft National Consumer Credit Protection... READ MORE
Australians bank stimulus payments
by Staff Reporter • 27 Apr 2009
The larger part of the governments’ stimulus payments look set to go towards saving and repaying debt rather... READ MORE
Office vacancy rates rise
by Staff Reporter • 27 Apr 2009
The latest metropolitan office report from Colliers International shows office markets have not been immune to the... READ MORE
Glimmer of hope for international economy
by Staff Reporter • 27 Apr 2009
Indications of stabilisation in the international economy emerged from the G7 meeting on the weekend.
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QBE LMI to support stressed borrowers
by Staff Reporter • 27 Apr 2009
Mortgage insurer QBE LMI has devised a new Home Ownership Preservation program to help lenders provide assistance to... READ MORE
Auction sales volume stalls
by Staff Reporter • 27 Apr 2009
Auction sales volume was markedly down over the weekend, a likely result of ANZAC day memorial services.
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St George branch network to help clear broker processing backlog
by Staff Reporter • 24 Apr 2009
St George has commenced directing third-party channel loans to its branch lenders as slow turnaround times continue to... READ MORE
ING DIRECT to fund fewer mortgage managers
by Staff Reporter • 24 Apr 2009
ING DIRECT has terminated funding agreements with close to half of its mortgage manager partners.
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FHOG boost not over yet
by Staff Reporter • 24 Apr 2009
Prime Minister Kevin Rudd yesterday signalled that the increased first home owner grant would come to an end on its... READ MORE
Originators launch products to fill bank void
by Staff Reporter • 24 Apr 2009
Mortgage originator Collins Securities has launched a 95 per cent LVR product with 5 per cent non genuine... READ MORE
ANZ reduces one, two year fixed rates
by Staff Reporter • 24 Apr 2009
ANZ has announced it will cut its one and two year fixed mortgage rates by 0.54 per cent and 0.20 per cent to 5.45 per... READ MORE
Maximum LVRs continue to fall
by Staff Reporter • 24 Apr 2009
Westpac and RAMS Home Loans both moved this week to tighten lending policies with a cut to their maximum LVRs.
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Borrowing costs rise for SMEs
by Staff Reporter • 24 Apr 2009
More than two thirds of Australia’s small-to-medium enterprises (SMEs) have seen their borrowing costs increase... READ MORE
Originator launches sub-5pc rate
by Staff Reporter • 23 Apr 2009
Mortgage Ezy today announced the release of its YZ3 Offset Loan which offers borrowers a rate of just 4.94 per cent... READ MORE
MFAA disciplinary system wins ACCC backing
by Staff Reporter • 23 Apr 2009
The Australian Competition and Consumer Commission (ACCC) has reaffirmed its approval of the MFAA's disciplinary rules... READ MORE
Non-bank offers 2.99pc fixed rate
by Staff Reporter • 23 Apr 2009
FirstMac has upped the ante on its “FightBack” product off the back of its latest AOFM investment and the... READ MORE
Sharp increase on property rents revealed
by Staff Reporter • 23 Apr 2009
In news that will no doubt bode well for investors, property rents grew by 1.7 per cent over the first three months of... READ MORE
Inflation up despite slowdown
by Staff Reporter • 23 Apr 2009
The headline inflation rate slowed in the first quarter of 2009 but the RBA’s preferred measurement, which... READ MORE
Sydney to lead residential upswing
by Staff Reporter • 23 Apr 2009
Sydney will drive the national residential property market’s upswing in 2010 according to the latest survey from... READ MORE
Banks must justify fixed rate increases: REIA
by Staff Reporter • 22 Apr 2009
The rationale behind the major banks’ moves to increase fixed rate home loans needs greater clarification... READ MORE
Development activity good news for supply
by Staff Reporter • 22 Apr 2009
Private developer activity is surging in Sydney, the nation’s largest and most under-supplied property market,... READ MORE
Much still needed for global recovery: IMF
by Staff Reporter • 22 Apr 2009
The international financial sector faces ongoing challenges in its bid to restore stability, the International... READ MORE
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KNOW MOREUnderstanding management of Australian tax system complaints: The key...
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