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Breaking News
AFG gears for market share grab
by Staff Reporter • 4 Dec 2009
Australian Finance Group (AFG) has reported a significant increase in the number of brokers looking to join the...
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Australians will cope with rate rise: MFAA
by Staff Reporter • 3 Dec 2009
Most Australians can cope with higher interest rates, because they are already paying above their rate, MFAA chief...
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Mortgage size soars, sales fall
by Staff Reporter • 3 Dec 2009
The average size of a new mortgage in Australia has climbed to a record high in November, as investors continue to...
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Sluggish building approvals will hurt industry: HIA
by Staff Reporter • 3 Dec 2009
Building approvals fell in October in a further sign that new home building recovery may lack the scale required to...
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Big two lead credit growth
by Staff Reporter • 3 Dec 2009
Westpac and the Commonwealth Bank lead the four majors in the latest credit growth numbers, accounting for 80 per cent...
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Pisces names new GM
by Staff Reporter • 2 Dec 2009
Pisces has appointed Vincent Turner as the company’s new general manager.
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Mortgage manager cuts low doc pricing
by Staff Reporter • 2 Dec 2009
In a bid to introduce some festive cheer to its brokers, Future Financial will roll out a series of positive product...
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Credit unions consolidate to remain competitive
by Staff Reporter • 2 Dec 2009
Companion Credit Union and Community CPS Australia have merged in an attempt to remain competitive in an ever...
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Westpac steps above RBA
by Staff Reporter • 2 Dec 2009
Following the Reserve Bank’s decision to raise the official cash rate by 25 basis points yesterday, Westpac has moved...
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ASIC guide helps get industry ready for credit laws
by Staff Reporter • 2 Dec 2009
The Australian Securities and Investment Commission (ASIC) has released a regulatory guide to help brokers prepare for...
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Loan Market acquires Plan NZ
by Staff Reporter • 1 Dec 2009
Loan Market New Zealand, a subsidiary of the Loan Market Group, has acquired PLAN New Zealand as part of its strategy...
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Brokers unhappy with Christmas rate rise
by Staff Reporter • 1 Dec 2009
The Reserve Bank has lifted the official cash rate 25 basis points for the third consecutive month, taking the rate to...
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Brokers call for rates halt
by Staff Reporter • 1 Dec 2009
Some of the biggest players in the broking industry are calling for a halt to any further interest rate rises by the...
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Home values climb in October
by Staff Reporter • 1 Dec 2009
After a fairly sluggish September, house values in Australia are once again on the rise.
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Liquidity facility rejected
by Staff Reporter • 1 Dec 2009
The federal government has ruled out using some of the $8 billion it will inject into the residential mortgage backed...
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New aggregator group to “take on majors”
by Staff Reporter • 1 Dec 2009
The new Macquarie backed aggregation group sees the banks rather than other brokerages as the competition.
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Fewer homes being sold, but at a higher price
by Staff Reporter • 1 Dec 2009
Contradictory housing data is sending mixed signals to the Reserve Bank who will today decide whether or not to raise...
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December rate rise less likely
by Staff Reporter • 30 Nov 2009
The odds for a rate rise are lengthening but there are still strong grounds for a December rate hike.
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Auction clearance results march on
by Staff Reporter • 30 Nov 2009
Auction clearance results in Sydney and Melbourne have showed no signs of slowing despite the looming threat of a...
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Symond calls for RBA to hold rates
by Staff Reporter • 30 Nov 2009
Aussie Home Loans has called for the Reserve Bank of Australia to hold official interest rates at its meeting tomorrow.
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Buyer demand to remain strong: Mortgage Choice
by Staff Reporter • 30 Nov 2009
More than one third of Australians plan to buy a property in the next two years despite concerns of rising interest...
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APRA to take strong approach with banks
by Staff Reporter • 30 Nov 2009
The Australian Prudential Regulation Authority (APRA) intends to impose global standards on banks in a bid to tighten...
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Housing construction upswing for 2010
by Staff Reporter • 30 Nov 2009
Housing construction is forecast to pick up and a burst of public investment will be key growth drivers over the year...
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American judge wipes mortgage
by Staff Reporter • 30 Nov 2009
A New York judge wrote off a family’s US$525,000 home mortgage in an impetuous reaction to the lender’s foreclosure...
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NZ household lending up
by Staff Reporter • 30 Nov 2009
Lending to New Zealand households has risen at its fastest annual pace since March, climbing 3.2 per cent in October.
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