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Wholesale funding costs put pressure on big four
by Staff Reporter • 10 Nov 2009
The costs of wholesale funds could continue to rise for the next 18 months, CBA’s chief financial officer David Craig... READ MORE
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Less American mortgages ‘underwater’
by Staff Reporter • 10 Nov 2009
Fewer American homeowners now have negative equity in their homes, a new report has found. READ MORE
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Home lending surges in September
by Staff Reporter • 10 Nov 2009
Home lending commitments have soared in September thanks to a late increase in first home buyer activity. READ MORE
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Job ads down
by Staff Reporter • 10 Nov 2009
The number of job advertisements has fallen for the first time in three months in a sign that a full recovery may still... READ MORE
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Rate hike fails to dent auction activity
by Staff Reporter • 9 Nov 2009
The residential housing market appears to have weathered the latest interest rate rise, with auction clearance rates... READ MORE
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Refund adds 300th franchisee to business
by Staff Reporter • 9 Nov 2009
Refund Home Loans has appointed its 300th franchisee after less than six years in business. READ MORE
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Police officers charged with mortgage fraud
by Staff Reporter • 9 Nov 2009
A New South Wales police officer is facing 89 charges over an alleged mortgage fraud racket, the Daily Telegraph has... READ MORE
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Liquidity rules will hurt competition: ING DIRECT
by Staff Reporter • 9 Nov 2009
ING DIRECT has said it will not be able to remain competitive in the mortgage market if the Australian Prudential... READ MORE
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Homeowners to suffer under increased debt burden
by Staff Reporter • 6 Nov 2009
Homeowners that capitalised on record low interest rates and lifted their debt commitments are set to experience... READ MORE
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Funding costs will rise: Westpac
by Staff Reporter • 6 Nov 2009
Westpac’s chief executive officer Gail Kelly has said the bank’s lending rates will come under pressure over the... READ MORE
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New liquidity rules could cost borrowers
by Staff Reporter • 6 Nov 2009
The Australian Prudential and Regulation Authority’s (APRA) new liquidity rules could add 0.05 of a percentage point... READ MORE
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Offshore investors take double hit
by Staff Reporter • 6 Nov 2009
The recent rate hike by the Reserve Bank will have an adverse impact on overseas property investors, CB Richard Ellis... READ MORE
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Agents enjoy strong spring activity
by Staff Reporter • 6 Nov 2009
The spring selling season is still well and truly active, according to RP Data’s latest market activity index. READ MORE
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Green shoots of recovery in wholesale markets: FirstMac
by Staff Reporter • 5 Nov 2009
Brokers will welcome the news that competition may soon start to filter back into the market with early indications... READ MORE
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Firstfolio boosts distribution capacity
by Staff Reporter • 5 Nov 2009
Mortgage and financial services group Firstfolio has signed a joint financial services agreement with building... READ MORE
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Property prices surge
by Staff Reporter • 5 Nov 2009
Residential property prices in Australia increased 3.7 per cent in September to a six year high. READ MORE
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BoQ to rival majors
by Staff Reporter • 5 Nov 2009
The Bank of Queensland (BoQ) is eyeing various acquisition targets in the hopes of rivalling the majors to become a... READ MORE
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Westpac, CBA dominate mortgage market share
by Staff Reporter • 5 Nov 2009
Westpac and CBA currently hold 48.9 per cent of all outstanding residential lending by value and are gaining market... READ MORE
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Solid building approvals suggest recovery underway
by Staff Reporter • 5 Nov 2009
Strong building approvals are pointing to a moderate recovery in new home building, according to the Housing Industry... READ MORE
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Signs of life in industrial market
by Staff Reporter • 5 Nov 2009
The industrial property market looks to be steadily emerging from the economic doldrums, with sales totaling almost... READ MORE
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Rate rise won’t hurt housing demand
by Staff Reporter • 4 Nov 2009
The Reserve Bank’s decision to raise rates for the second consecutive month should not make a large material... READ MORE
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NT drafts new property laws
by Staff Reporter • 4 Nov 2009
The Northern Territory has unveiled new property laws that will make the sale of property more transparent and... READ MORE
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Liberty optimistic despite profit drop
by Staff Reporter • 4 Nov 2009
Liberty financial has posted a 4 per cent fall in net profit to $35 million, but the non-bank lender has said it is... READ MORE
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Westpac profit down
by Staff Reporter • 4 Nov 2009
Westpac has reported an 11 per cent drop in its net profit for the year ended 30 September 2009. READ MORE
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Big four act on rate rise
by Staff Reporter • 4 Nov 2009
The nation’s big four banks have wasted no time in passing on the Reserve Bank’s 25 basis point increase. READ MORE