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Breaking News
Melbourne property still hot: RP Data
by Staff Reporter • 23 Feb 2010
Higher interest rates and a wind back in government stimulus is not enough to dampen the spirits of Melbourne property...
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ANZ tops majors again
by Staff Reporter • 23 Feb 2010
ANZ has once again topped the majors in terms of customer satisfaction, according to the latest TNS Business Finance...
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Housing affordability slumps
by Staff Reporter • 23 Feb 2010
Higher interest rates and house prices caused housing affordability to plummet at the end of last year, a new report...
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Australia gears up for boom
by Staff Reporter • 23 Feb 2010
The Australian economy has emerged from the global financial crisis relatively unscathed and is now gearing up for...
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Borrowers take bigger loans than 5 years ago
by Staff Reporter • 22 Feb 2010
Borrowers have almost doubled the size of their loans over the past five years, the latest Reserve Bank of Australia...
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Sydney auction activity remains resilient
by Staff Reporter • 22 Feb 2010
Despite the threat of further rate rises, the property market has continued to perform well over the weekend.
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Building society discounts fixed rates
by Staff Reporter • 22 Feb 2010
In a bid to increase competition in the home loan market, The Rock Building Society has launched a series of new...
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ANZ ramps up mortgage lending
by Staff Reporter • 22 Feb 2010
In a further sign that competition amongst lenders is remerging, ANZ will ease its lending criteria in a bid to acquire...
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NAB o/s banking plan turns sour
by Staff Reporter • 22 Feb 2010
NAB’s ambition to build its British business could be put on hold as speculation mounts that the Royal Bank of...
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RHG profit slumps 33pc
by Staff Reporter • 22 Feb 2010
RHG’s net profit continues to decline as its loan book gradually runs down.
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Refinancing drives broker volumes
by Staff Reporter • 19 Feb 2010
In what is a buoyant market compared with 12 months ago, brokers see refinancing as the main thrust for business...
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Second tier lenders return to the fore
by Staff Reporter • 19 Feb 2010
The majors are not the only banks to post strong first half year results, with Heritage Building Society posting a...
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Mortgage manager primed for growth
by Staff Reporter • 19 Feb 2010
Following several months of strong loan volume growth, Australian First Mortgage (AFM) is set to enter into a new phase...
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High LVR loans in demand
by Staff Reporter • 19 Feb 2010
Although funding constraints have meant that only a few lenders now offer High LVR loans, demand for the products...
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Count Financial eyes bigger stake in brokerage
by Staff Reporter • 18 Feb 2010
Count Financial has announced its intention to increase its stake in Mortgage Choice, after posting a healthy net...
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Majors hit back at trail cut rumours
by Staff Reporter • 18 Feb 2010
The banks have been quick to respond to the suggestion that trail commissions may soon become a thing of the past...
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Home buyers get mobile connection
by Staff Reporter • 18 Feb 2010
Lenders are embracing mobile technology as a new way to connect directly with borrowers.
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QBE LMI beefs-up team
by Staff Reporter • 18 Feb 2010
QBE Lenders’ Mortgage Insurance Limited (QBE LMI) is ramping up its resources, appointing a senior manager of people...
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FHB activity breaks record
by Staff Reporter • 18 Feb 2010
More than 190,000 Australians took advantage of the government’s first home buyer stimulus incentives in 2009,...
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Ex-broker cops suspended jail sentence
by Staff Reporter • 18 Feb 2010
A former NSW mortgage broker has been given an 18 month good behavior bond after being convicted of obtaining money by...
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RBA could hold rates in March
by Staff Reporter • 17 Feb 2010
Despite an improvement in consumer confidence, the Reserve Bank is cautious about raising rates too soon.
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Competition heats up in fixed rate arena
by Staff Reporter • 17 Feb 2010
Smaller lenders can compete with the majors through their fixed rate price structure, Loan Market Group’s chief...
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Mortgage strength drives Westpac profit
by Staff Reporter • 17 Feb 2010
Above average industry growth in home lending has helped Westpac to top expectations and deliver a first-quarter cash...
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AMP drops rates
by Staff Reporter • 17 Feb 2010
In a bid to remain competitive in the mortgage sphere, second tier lender AMP has announced it will cut its basic...
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Securitisation shows signs of life
by Staff Reporter • 17 Feb 2010
The securitisation markets are beginning to thaw, according to the Reserve Bank of Australia’s assistant governor Guy...
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