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Breaking News
Auction clearance rates strong year-on-year
by Staff Reporter • 1 Jun 2009
Sydney and Melbourne clearance rates posted solid increases compared to the same weekend last year, according to...
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MFAA lobbies government on behalf of brokers
by Staff Reporter • 1 Jun 2009
The MFAA has called on the government to keep the proposed licensing procedures for brokers simple and easy to avoid...
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Australian property markets defy downturn
by Staff Reporter • 1 Jun 2009
Australian dwelling values have recorded a healthy 2.8 per cent increase in the first four months of the year, defying...
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Fraudulent ACT broker dodges jail
by Staff Reporter • 29 May 2009
A Canberra mortgage broker who pleaded guilty to forging documents to exaggerate borrowers’ financial positions...
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mecu and RegionalOne to merge
by Staff Reporter • 29 May 2009
Victoria’s largest credit union, mecu, is set to merge with RegionalOne Credit Union, after members voted...
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Credit unions, building societies promote responsible lending
by Staff Reporter • 29 May 2009
Mutual industry body Abacus has launched a revised code of practice to set out responsible and ethical lending...
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Recovery anticipated for home building
by Staff Reporter • 29 May 2009
The Housing Industry Association’s (HIA) National Outlook has forecast a much anticipated recovery for the...
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St George hikes fixed rates
by Staff Reporter • 29 May 2009
St George has increased its fixed rate home loans lending weight to speculation that the best fixed rate deals may...
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FirstMac promises brokers speedy servicing times
by Staff Reporter • 28 May 2009
Non-bank lender FirstMac says it is fighting back against “unacceptable” servicing levels and has promised...
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Non-conforming delinquencies rise on economic woes
by Staff Reporter • 28 May 2009
Overall delinquencies on non-conforming loans stabilised in the March quarter but 90 plus day delinquencies increased...
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Punter stakes $45,000 on no rate change
by Staff Reporter • 28 May 2009
If a man from Sydney’s inner west has got it right the cash rate will remain at 3 per cent when the RBA meets...
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Index points to economic stabilisation
by Staff Reporter • 28 May 2009
The Westpac-Melbourne Institute Leading Index of economic growth has recorded its first substantive improvement in...
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Stimulus payments go to the dead
by Staff Reporter • 28 May 2009
The revelation that up to 16,000 dead people have received the federal government’s stimulus payments has added...
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New home building slumps
by Staff Reporter • 28 May 2009
Residential construction activity has recorded its sharpest quarterly decline in almost a decade but there are hopes...
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Suncorp warns of big bank domination
by Staff Reporter • 28 May 2009
The chief of one of few remaining second tier banks has warned that the big banks’ dominance of the local market...
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Tasmania achieves record property sales
by Staff Reporter • 27 May 2009
The federal government’s First Home Owner Grant (FHOG) extension is enticing prospective home buyers into the...
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National consumer credit reform to be explained at new conference
by Staff Reporter • 27 May 2009
Union Link, a B2B conference specialist, today announced the launch of its Consumer Credit Forum 2009 – to be...
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CBA to stick with Valuation Exchange
by Staff Reporter • 27 May 2009
The Commonwealth Bank has renewed its contract with valuation panel manager Valuation Exchange (ValEx) for a further...
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Australia tops ranking for buffering recession
by Staff Reporter • 27 May 2009
It’s official: Australia is the best place to weather out the current global downturn.
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US to roll out FHB bridging loans
by Staff Reporter • 27 May 2009
The US government will launch a new tax credit scheme to help first home buyers who are struggling to raise sizeable...
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Challenger battles for brokers
by Staff Reporter • 27 May 2009
Industry heavyweight Challenger has called on the federal government to ensure the National Consumer Credit Protection...
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Broker in court over string of fraud, deception charges
by Staff Reporter • 27 May 2009
Former broker and property developer Samuel David Saunders has pleaded not guilty to seven charges brought by ASIC in...
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New tool offers instant property market updates
by Staff Reporter • 26 May 2009
Colliers International, in conjunction with News Digital, has launched an innovative new tool giving users access to...
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Futures traders tip cash rate to rise
by Staff Reporter • 26 May 2009
Interest rates could be on their way up in just 12 months according to local futures markets.
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New FHB product unveiled to secure higher LVR loans
by Staff Reporter • 26 May 2009
One of the UK’s largest mortgage lenders has launched an innovative new product to enable first home buyers to...
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