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Breaking News
CBA, NAB deliver lowest comparison rate of the majors
by Staff Reporter • 15 Oct 2009
While all of the big banks passed on this month’s 25 basis point rate increase by the Reserve Bank of Australia (RBA)...
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Melbourne commercial vacancy rates at record lows
by Staff Reporter • 15 Oct 2009
Melbourne’s commercial property market is enjoying record low vacancy rates, according to CB Richard Ellis.
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UK house prices up
by Staff Reporter • 15 Oct 2009
UK house prices have delivered their strongest rise in two years, according to a new survey.
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Lenders given more investigation powers
by Staff Reporter • 15 Oct 2009
Lenders have been given the ability to conduct a more thorough review of a borrower’s repayment history.
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Lack of supply puts pressure on affordability
by Staff Reporter • 15 Oct 2009
The amount of new residential building work fell in the June 2009 quarter, indicating that a possible recovery in the...
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Demand for fixed rates plummets
by Staff Reporter • 15 Oct 2009
The number of borrowers taking out fixed rate mortgages continues to drop despite the increasing threat of further rate...
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BoQ chief blasts bank guarantee
by Staff Reporter • 14 Oct 2009
Bank of Queensland (BoQ) chief executive David Liddy has called on the government to minimise the differential fees...
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RateCity marks strong application growth
by Staff Reporter • 14 Oct 2009
Online mortgage provider RateCity has registered a 68 per cent jump in loan applications in August 2009.
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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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