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Breaking News
Rosy year ahead for big banks
by Staff Reporter • 29 Dec 2009
Australia's major banks are tipped to increase profitability in 2010, as bad debts decline and they leverage the market...
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Consumers avoid Christmas credit card splurge
by Staff Reporter • 29 Dec 2009
The RBA decision to bump the cash rate up by a quarter of a percent may have tempered Christmas spending.
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US taxpayers to prop up mortgage lenders
by Staff Reporter • 29 Dec 2009
Ailing US lending giants Fannie Mae and Freddie Mac are to receive further government support, the treasury announced...
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Rising bank margins to limit cash rate hikes
by Staff Reporter • 29 Dec 2009
Wider bank margins will limit rate hikes over 2010 according to AMP chief economist Shane Oliver.
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Majors warn of rising rates
by Staff Reporter • 24 Dec 2009
Bank chief executives have warned that 2010 will bring further rises in lending rates.
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Gen Y’s struggle in quest for home ownership
by Staff Reporter • 24 Dec 2009
The propensity of Gen Y to hop from job to job could be stopping them from owning their own home.
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Brokers bullish despite predicting Christmas lull
by Staff Reporter • 24 Dec 2009
The majority of brokers believe business will ease over the Christmas and New Year period though there is optimism for...
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First home buyer activity boosts mortgage market performance
by Staff Reporter • 24 Dec 2009
The Australian mortgage market has tentatively started to recover from the effects of the global financial crisis, a...
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US property confidence rallies
by Staff Reporter • 23 Dec 2009
Confidence in the US economy is starting to re-emerge after sales of previously owned homes surged in November thanks...
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Top performing suburbs announced
by Staff Reporter • 23 Dec 2009
The property market has outperformed the expectations of many industry commentators throughout 2009, but some suburbs...
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FHBs still eager to crack market
by Staff Reporter • 23 Dec 2009
First time home buyers are searching for cheaper and smaller homes located further from city centres in an attempt to...
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Firstfolio completes $5.5 b in acquisitions
by Staff Reporter • 23 Dec 2009
Firstfolio has officially completed two of the three acquisitions it announced last month, taking the group’s total...
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Record year for first home buyers: 2009
by Staff Reporter • 22 Dec 2009
A record number of first home buyers have taken advantage of the first home owner’s grant, new statistics from the...
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Investor boom to strengthen
by Staff Reporter • 22 Dec 2009
Investors are expected to take a dominant role in the market in 2010, according to Mortgage Choice’s chief executive...
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Brisbane’s top 10 hottest suburbs revealed
by Staff Reporter • 22 Dec 2009
Low interest rates and extra government stimulus have helped sales volumes surge by more than 140 per cent in some...
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NAB grows SME book by $5b
by Staff Reporter • 22 Dec 2009
Despite slower market conditions, NAB has managed to grow its overall SME lending book by $5 billion over the last 12...
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HSBC slashes SVR by 1.5pc
by Staff Reporter • 22 Dec 2009
HSBC will cut its standard variable rate by 1.5 per cent in a new ‘Summer Sale’ campaign.
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Westpac prices RMBS
by Staff Reporter • 21 Dec 2009
Westpac has successfully priced $2 billion of residential mortgage backed securities last Friday.
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RHG still in trading halt
by Staff Reporter • 21 Dec 2009
RHG remains in a trading halt following a ruling last week by the NSW Supreme Court that it had defaulted on repayments...
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Sydney and Melbourne defy Christmas cool-down
by Staff Reporter • 21 Dec 2009
Despite Christmas traditionally seen as a quiet period for property agents, Melbourne and Sydney continued to perform...
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Liquidity rules delayed: APRA
by Staff Reporter • 21 Dec 2009
The Australian Prudential Regulation Authority (APRA) has decided to delay the implementation of its proposed new...
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RBA may keep rates on hold: Norris
by Staff Reporter • 21 Dec 2009
The decision by three of the majors to move out of step with the Reserve Bank could mean the official cash rate will be...
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ASIC releases second guidance package on licensing laws
by Staff Reporter • 18 Dec 2009
The Australian Securities and Investments Commission (ASIC) has today released its second guidance package on the new...
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Opposition to launch inquiry into small business lending
by Staff Reporter • 18 Dec 2009
Opposition Leader Tony Abbott and the Coalition's small business spokesman Bruce Billson are campaigning for a Senate...
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US keeps cash rate on hold
by Staff Reporter • 18 Dec 2009
The US Federal Reserve Bank has decided to keep interest rates at the record low of 0.25 per cent in order to support...
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