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Breaking News
Banks may raise mortgage rates: ANZ
by Staff Reporter • 6 Aug 2009
Australia and New Zealand Banking Group (ANZ) chief executive Mike Smith has warned borrowers that the banks may have...
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Brokers brace for influx of first home buyers
by Staff Reporter • 5 Aug 2009
With money markets tipping interest rates to climb before Christmas and the government’s first home owner grant boost...
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RateCity tips variable over fixed
by Staff Reporter • 5 Aug 2009
Money markets are expecting interest rates to rise by more than 1.5 percentage points within a year after the Reserve...
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QBE hikes LMI prices
by Staff Reporter • 5 Aug 2009
QBE LMI today confirmed it will raise its LMI rates on higher LVR products.
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House price growth surges
by Staff Reporter • 5 Aug 2009
House prices are rising at their fastest pace since the 2003 boom, thanks to the FHOG boost and the Reserve Bank of...
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Variable still the preferred option
by Staff Reporter • 5 Aug 2009
Variable rate home loans are still the preferred option among borrowers, the Bankwest / Mortgage & Finance Association...
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Challenger voices concerns over National Credit Code
by Staff Reporter • 5 Aug 2009
Challenger has called on the federal government to ensure the National Consumer Credit Code legislation does not...
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Signs of increased building approvals boost confidence
by Staff Reporter • 4 Aug 2009
Signs of life in Australia’s real estate market are helping to increase consumer confidence, Housing Industry...
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Genworth hikes LMI prices by 20pc
by Staff Reporter • 4 Aug 2009
Genworth will raise its prices in the coming weeks due to the ongoing risks posed by rising unemployment.
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Job advertisements still soft: ANZ
by Staff Reporter • 4 Aug 2009
The total number of jobs advertised in the major metropolitan newspapers and on the internet fell by 1.7 per cent in...
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Investors buy big as confidence returns to property market
by Staff Reporter • 4 Aug 2009
Buyers are looking at the top end of the market forcing prestigious property prices up, Ray White’s deputy chairman...
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Clarification: Westpac slams broker legislation; Friday July 31
by Staff Reporter • 3 Aug 2009
Last Friday Mortgage Business reported on a story featured in The Australian that stated that National Credit Code...
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Clearance rates continue skyward trend
by Staff Reporter • 3 Aug 2009
The clearance rates for Sydney, Melbourne and Adelaide have all exceeded 70 per cent as the surprising resilience of...
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Westpac cuts bank fees after hiking interest rates
by Staff Reporter • 3 Aug 2009
Westpac has joined NAB to become the latest lender to cut a broad range of fees on credit cards as well as personal and...
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‘Big two’ banks tighten stranglehold on mortgage lending
by Staff Reporter • 3 Aug 2009
Westpac and CBA have tightened their grip on the national mortgage book by taking more than 85 per cent of the banking...
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Brokers split on prospects for property price growth
by Staff Reporter • 3 Aug 2009
Australian mortgage brokers are pessimistic about the immediate outlook for Australian residential house prices with...
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Sirianni voted new MFAA President-elect
by Staff Reporter • 2 Aug 2009
Joe Sirianni will soon take on the role of President-elect for the Mortgage and Finance Association of Australia...
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Rising house values improve consumer confidence
by Staff Reporter • 31 Jul 2009
Australian home prices have improved across all market segments in the first half of 2009, according to the RP...
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Elders forecasts future growth
by Staff Reporter • 31 Jul 2009
Elders Rural Bank has forecast further growth and a recovery in credit demand while other regional banks suffer under...
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Men feel the pinch of household stress
by Staff Reporter • 31 Jul 2009
Paying off the mortgage is having a significant impact on the mental health of Australian men, a new study has revealed.
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Building activity up 9pc
by Staff Reporter • 31 Jul 2009
The government’s boost to the first home owner grant (FHOG) teamed with the lowest official interest rate in half a...
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Westpac slams broker legislation
by Staff Reporter • 31 Jul 2009
The federal government may rethink aspects of its national credit code after the new laws were slammed by Westpac and...
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27pc boost in suburbs cheaper to buy than rent
by Staff Reporter • 30 Jul 2009
For 94 suburbs across Australia it has become cheaper to buy than rent, a report by RP Data has found.
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Mortgage Choice beefs-up diversification
by Staff Reporter • 30 Jul 2009
In a bid to increase franchise network productivity, Mortgage Choice has hired Simon Dehne for the newly created role...
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First home buyers seek city fringe property
by Staff Reporter • 30 Jul 2009
An increasing number of first home buyers are moving to the outskirts of big cities in order to secure affordable land...
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