Breaking News
Credit card debt up but slowing
by • 19 Dec 2008
Credit card expenditure continued to rise in October but borrowers are showing signs that they're becoming more...READ MORE
CBA BankWest acquisition passes final regulatory hurdle
by • 19 Dec 2008
Federal treasurer Wayne Swan has given final approval to CBA’s
acquisition of BankWest and HBOS wealth... READ MORE
Arrears remain stable
by • 19 Dec 2008
Arrears on prime Australian home loans remained relatively stable in the quarter ending September 30, Standard &... READ MORE
Growing consumer shift to savings mentality
by • 18 Dec 2008
Difficult economic conditions have prompted more households to recognise the importance of building personal... READ MORE
Hold off on fixing mortgages: brokers
by • 18 Dec 2008
Interest rates may be at their lowest level in eight years but the industry is confident there are more rate cuts... READ MORE
NAB to snap up Wizard for bargain price
by • 18 Dec 2008
NAB could purchase Wizard Home Loans for $30 million – just one tenth of the price realised by founder Mark... READ MORE
Unemployment rife in lead up to Christmas
by • 18 Dec 2008
Unemployment in the UK is rising at its fastest pace since 1991 as financial institutions and the wider business... READ MORE
Australia to avoid recession
by • 18 Dec 2008
The outlook for economic growth continues to weaken but Australia should sidestep a recession in 2009, according to... READ MORE
NAB Wizard purchase imminent
by • 17 Dec 2008
NAB this morning confirmed that it is in advanced discussions to acquire the brand name and distribution network of... READ MORE
Mortgage stress to blow out in 2009
by • 17 Dec 2008
While interest rate cuts have helped ease mortgage stress close to one million households could experience it by... READ MORE
RAMS names new broker head
by • 17 Dec 2008
RAMS Home Loans has appointed Clive Kirkpatrick to head up its broker business, effective early January 2009.
READ MOREUS rates slashed to historic low
by • 17 Dec 2008
The US Federal Reserve (Fed) has cut the official cash rate overnight to an unprecedented zero to 0.25 per cent range... READ MORE
Weak economic prospects prompted ?expansionary? rate setting: RBA
by • 17 Dec 2008
The RBA’s one per cent December cut was driven by the need to shift monetary policy from neutral to... READ MORE
House construction down in September quarter
by • 17 Dec 2008
Housing starts hit an eight year low in the September quarter, plunging by more than 10 per cent.
READ MORERate Tracker returns
by • 16 Dec 2008
BankWest’s Rate Tracker home loan will be available to brokers once again from today.
READ MOREGE Money cuts rates
by • 16 Dec 2008
GE Money yesterday announced that it will reduce its variable rate by 90 basis points for Wizard Home Loans as well as... READ MORE
Uptake of basic loans on the rise
by • 16 Dec 2008
Australian borrowers are going “back to basics" with their home loans, according to loan data released by... READ MORE
House prices maintain positive growth
by • 16 Dec 2008
Australian house values managed to grow by just under three per cent in the year to November, according to figures... READ MORE
Personal loan commitments down in October
by • 16 Dec 2008
Personal finance commitments fell in October as uncertain economic conditions and weak consumer sentiment saw... READ MORE
Loan volumes to rise in Q1 2009: broker sentiment survey
by • 15 Dec 2008
While the challenging conditions of 2008 are unlikely to disappear overnight brokers are cautiously optimistic about... READ MORE
Mortgage stress drops 37pc nationwide
by • 15 Dec 2008
Around 350,000 households have been rescued from mortgage stress as a result of the dramatic fall in interest rates... READ MORE
Further government stimulus to keep economy in the black
by • 15 Dec 2008
The federal government has announced a $4.7 billion national building plan in a bid to further bolster the economy... READ MORE
Economic uncertainty to curb spending
by • 15 Dec 2008
Consumer spending is forecast to remain subdued well into the new year as unemployment and economic uncertainty weigh... READ MORE
Auction rates remain low
by • 15 Dec 2008
Despite signs that consumer sentiment could be improving, the property market failed to register any considerable... READ MORE
Westpac defends rate decision
by • 12 Dec 2008
Westpac chief Gail Kelly has defended the bank’s decision not to pass on all of the most recent rate reduction... READ MORE
Gov't urged to scrap wholesale guarantee
by • 12 Dec 2008
There are calls from the finance industry for the government to pull its wholesale funding guarantee amid concerns it... READ MORE
BoQ to seek more acquisitions in 09
by • 12 Dec 2008
Bank of Queensland will focus once again on acquisition and merger opportunities in the new year, chief executive... READ MORE
Unemployment remains low
by • 12 Dec 2008
Australian unemployment crept up to 4.4 per cent in November but remains low in comparison with other markets.
READ MOREAustralia?s commercial market hit by global crisis
by • 12 Dec 2008
Commercial property sales slumped around 65 per cent in 2008 as global debt froze and the cost of capital... READ MORE
Delinquencies tipped to fall
by • 12 Dec 2008
Prime RMBS delinquencies remained high but steady in the third quarter of 2008, Moody’s Q3 Performance Review... READ MORE

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