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Over 60s still confused about reverse mortgages

by Staff Reporter • 14 Feb 2008
An overwhelming number of retirees do not understand equity release products, the SEQUAL-RFI Reverse Mortgage Study...READ MORE

NZ to create affordable housing supply

by Staff Reporter • 14 Feb 2008
The New Zealand government yesterday announced action plans to make housing more affordable for more the... READ MORE

Significant drop in banking, mortgage jobs

by Staff Reporter • 13 Feb 2008
The demand for staff across the banking and finance sector is on the decline, the Olivier Job Index for January... READ MORE

Project Lifeline extended to struggling US borrowers

by Staff Reporter • 13 Feb 2008
The US Treasury Secretary Henry Paulson announced overnight an urgent plan to assist struggling US homeowners who are... READ MORE

Wholesale funding costs to stay high: CBA

by Staff Reporter • 13 Feb 2008
Wholesale funding costs are likely to remain above levels experienced in 2007, the Commonwealth Bank (CBA) said... READ MORE

Housing affordability continues to worsen

by Staff Reporter • 13 Feb 2008
Despite a slight improvement in home affordability in New South Wales, the national index for housing affordability... READ MORE

Small improvement in affordability for NSW home buyers

by Staff Reporter • 13 Feb 2008

Housing affordability for first home buyers in NSW improved slightly during the last quarter of 2007.

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'Natural selection' to drive market consolidation

by Staff Reporter • 12 Feb 2008
Consolidation has been tipped once again as the future for mortgage lenders The Advertiser reported... READ MORE

Developers add luxury extras to entice home buyers

by Staff Reporter • 12 Feb 2008
Property developers are adding luxury extras to housing estates in a bid to entice buyers, The Australian Financial... READ MORE

Consumer appetite for debt slows

by Staff Reporter • 12 Feb 2008
Australian consumers have become increasingly cautious about taking on extra debt, the Veda Advantage Credit Demand... READ MORE

ASIC to review home loan fees ?immediately?

by Staff Reporter • 12 Feb 2008
ASIC will commence its examination into home loan switching fees immediately in line with the Federal... READ MORE

Turbulent market could favour non-banks

by Staff Reporter • 12 Feb 2008

Volatile market conditions and a rising rate environment could pave the way for a resurgent non-bank sector.

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Monetary policy requires further tightening: RBA

by Staff Reporter • 12 Feb 2008
Inflation risks remain uncomfortably high and monetary policy is likely to need further tightening, the RBA warned... READ MORE

Home refinance activity increases during December

by Staff Reporter • 12 Feb 2008
The value of housing loans refinanced during December 2007 rose a seasonally adjusted 6.6 per cent ($260 million)... READ MORE

Swan approves measures to tackle switching fees

by Staff Reporter • 11 Feb 2008
Federal Treasurer Wayne Swan approved four measures to tackle barriers to switching banks at Friday’s meeting... READ MORE

Thousands of fixed-rate mortgages set to expire

by Staff Reporter • 11 Feb 2008
Tens of thousands of borrowers will soon be looking to refinance their home loans as their fixed-rate mortgages expire... READ MORE

Fear for viability of low and no doc loans

by Staff Reporter • 11 Feb 2008
Brokers may avoid selling low and no doc loans under proposed national industry legislation, broker groups have... READ MORE

QLD residential property supply hit by property group collapse

by Staff Reporter • 11 Feb 2008
In a blow to the Queensland residential property sector over 200 residential building projects have been left in the... READ MORE

NAB lifts variable home loan rate

by Staff Reporter • 9 Feb 2008

NAB is the latest major bank to announce rate increases that exceed the RBA’s 25 basis points hike.

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Deposit accounts attractive source of funding

by Staff Reporter • 9 Feb 2008
Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit... READ MORE

NAB acquires RHG mortgages

by Staff Reporter • 8 Feb 2008
National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by... READ MORE

AMP lifts rates by 0.33 per cent

by Staff Reporter • 8 Feb 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise,... READ MORE

Interest rate cuts may not benefit UK borrowers

by Staff Reporter • 8 Feb 2008
The Bank of England’s Monetary Policy Committee reduced interest rates yesterday by 0.25 percentage points to... READ MORE

Nationwide office vacancies lowest in 20 years

by Staff Reporter • 7 Feb 2008
Office markets around the country have recorded their best performance in 20 years according to the Property... READ MORE

GMAC reports US$724 million fourth quarter loss

by Staff Reporter • 7 Feb 2008
US-based GMAC Financial Services this week reported a US$724 million ($811 million) net loss for the fourth quarter,... READ MORE

Swan fast-tracks plans to cut switching fees

by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has fast-tracked plans to make switching between home loan providers easier after... READ MORE

CBA?s rate rise condemned by Swan

by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has condemned the Commonwealth Bank’s (CBA) decision to lift its standard variable... READ MORE

Global institutions tighten lending standards

by Staff Reporter • 6 Feb 2008
The US Federal Reserve’s Senior Loan Officer Opinion Survey revealed this week that an increasing number of... READ MORE

Moody?s considers change to rating systems

by Staff Reporter • 6 Feb 2008
Credit rating firm Moody’s Investors Service has put forward a request for comment regarding changes to how it... READ MORE

Tax cuts spur inflation

by Staff Reporter • 6 Feb 2008

$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ.

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