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Breaking News
Reverse mortgages market grows
by Staff Reporter • 14 Oct 2009
Reverse mortgages have increased in popularity with older Australians, a new study has found.
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Mortgage broker faces $6.1m fraud charges
by Staff Reporter • 14 Oct 2009
A broker, who already stands accused of defrauding up to $5 million from his clients, has been charged with new...
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House prices tipped to climb 20pc
by Staff Reporter • 14 Oct 2009
Research from BIS Shrapnel suggests house prices will rise by nearly 20 per cent in the next three years.
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Low Sydney vacancy rates good for investors
by Staff Reporter • 13 Oct 2009
Sydney’s rental property market is in a stalemate, figures from the Real Estate Institute of NSW (REINSW) have found.
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NAB revises rate and house prices forecast
by Staff Reporter • 13 Oct 2009
Following on from the Reserve Bank of Australia’s decision to raise the official cash rate by 25 basis points to 3.25...
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FirstMac quick off the mark for RMBS buy back
by Staff Reporter • 13 Oct 2009
The government’s $8 billion injection into the Residential Mortgage Backed Securities (RMBS) has found its first...
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RBA acted too soon: broker poll
by Staff Reporter • 13 Oct 2009
The majority of brokers believe the Reserve Bank of Australia (RBA) has acted prematurely in its decision to raise...
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Agencies could scupper self-employed lending
by Staff Reporter • 13 Oct 2009
The federal government hopes its latest $8 billion injection to the residential mortgage backed securities (RMBS)...
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Acquisitions in Mortgage Choice’s sights
by Staff Reporter • 13 Oct 2009
While Mortgage Choice continues to keep mum on its acquisition targets, chief executive officer Michael Russell is...
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Sydney and Melbourne auctions results cool
by Staff Reporter • 12 Oct 2009
Sydney and Melbourne’s run of strong auction clearance rates has dropped off as both cities failed to clear 75 per...
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Big four to raise rates above RBA
by Staff Reporter • 12 Oct 2009
Higher funding costs may force the big four banks to increase their rates beyond the official cash rate.
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Jobless fall puts pressure on cash rate
by Staff Reporter • 12 Oct 2009
A shock drop in the number of unemployed Australians may put pressure on the Reserve Bank of Australia (RBA) to raise...
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Mid-tier lenders receive $8bn RMBS boost
by Staff Reporter • 12 Oct 2009
Competition for mortgage lending has received a major boost with the announcement that the federal government has...
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UK holds interest rates at 0.5pc
by Staff Reporter • 9 Oct 2009
Australia is still the only country to have raised its official cash rate, after the Bank of England's Monetary Policy...
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September FHB activity down: AFG
by Staff Reporter • 9 Oct 2009
First home buyer activity has fallen in September, despite it being the last month before the first home owners grant...
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Arrears slides on RMBS
by Staff Reporter • 9 Oct 2009
Arrears on residential mortgage loans underlying Australian prime residential mortgage backed securities (RMBS) have...
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Unemployment drops in September
by Staff Reporter • 8 Oct 2009
Australia’s unemployment rate has decreased 0.1 points to 5.7 per cent in September.
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ANZ first to move on rates
by Staff Reporter • 8 Oct 2009
Australia and New Zealand Banking Group (ANZ) is the first of the big four to pass the Reserve Bank of Australia’s...
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Bankwest pulls Rate Tracker Ultra Home Loan
by Staff Reporter • 8 Oct 2009
Bankwest will withdraw one of its most popular mortgage products from the broker channel as well as its bank branches.
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Industry needs a wholesale benchmark: Bouris
by Staff Reporter • 8 Oct 2009
Mark Bouris, chairman and co-founder of Yellow Brick Road, is calling on the federal government to track movements in...
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Home lending remains resilient
by Staff Reporter • 8 Oct 2009
The level of new home lending remained healthy in August 2009, according to recently released Australian Bureau of...
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Big four in holding pattern on rate hikes
by Staff Reporter • 8 Oct 2009
While the big four banks have held off raising interest rates, federal treasurer Wayne Swan has warned banks against...
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ACCC approves NAB/ Challenger deal
by Staff Reporter • 7 Oct 2009
Contrary to recent media reports, the Australian Competition and Consumer Commission (ACCC) has confirmed it will not...
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Slow growth for housing; JP Morgan
by Staff Reporter • 7 Oct 2009
The outlook for Australian housing volume growth remains challenged, according to a recent report.
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ACCC probes Australian Loans Management
by Staff Reporter • 7 Oct 2009
Australian Loans Management has come under investigation by the Australian Competition and Consumer Commission (ACCC)...
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