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Breaking News
NAB to launch Islamic lending business
by Staff Reporter • 15 Jun 2009
NAB will move into Islamic lending through the launch of interest free loans that comply with Muslim Sharia law.
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Suncorp to shed jobs
by Staff Reporter • 15 Jun 2009
As many as 500 job cuts could be on the cards at Suncorp as it looks to restructure its banking division.
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House prices to soar: BIS
by Staff Reporter • 15 Jun 2009
Strong demand from first home buyers will generate green shoots of recovery for the wider property market in 2009-10,...
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Housing affordability improves but rents continue to rise
by Staff Reporter • 15 Jun 2009
While the first quarter of 2009 has seen some financial relief for home buyers those renting have not experienced any...
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Commonwealth Bank hikes home loan rates
by Staff Reporter • 12 Jun 2009
The Commonwealth Bank has moved to lift its lending rates by 10 basis points to offset the rising cost of long term...
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Bad news for first home buyers as 'mum and dad bank' closes doors
by Staff Reporter • 12 Jun 2009
New research conducted by St George has found about half of all parents with adult children are now no longer willing...
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UK borrowing up 16pc
by Staff Reporter • 12 Jun 2009
The number of loans taken out in the UK recorded an encouraging improvement in April however activity is still...
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Leading sales coach joins Resi
by Staff Reporter • 12 Jun 2009
Resi Mortgage Corporation has appointed one of the industry’s leading sales coaches to the role of national...
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Foreclosures down; Wall Street pushes to 2009 high
by Staff Reporter • 12 Jun 2009
Conditions in the United States continue to show signs of improvement with foreclosure activity declining in May.
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Unemployment hikes in May
by Staff Reporter • 12 Jun 2009
Australia’s unemployment rate yesterday shifted closer to 6 per cent but remains one of the lowest in the...
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Borrowers weather the downturn
by Staff Reporter • 12 Jun 2009
Further data has emerged revealing an encouraging trend in domestic arrears levels but difficult economic conditions...
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Traders tip rates to rise
by Staff Reporter • 12 Jun 2009
Prospects of higher interest rates are increasing as expectations of official cash rate rises increase sharply and...
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NZ rates on hold, further reductions not ruled out
by Staff Reporter • 11 Jun 2009
The Reserve Bank of New Zealand (RBNZ) left the country’s official cash rate on hold at its monetary policy...
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Sentiment soars as economy dodges recession
by Staff Reporter • 11 Jun 2009
Consumer sentiment has rocketed this month off the back of news last week that the economy has avoided a recession.
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No denial of rate rise at CBA
by Staff Reporter • 11 Jun 2009
Home loan rates could soon be on the rise with CBA refusing to rule out the prospect of a hike to thier rates.
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Heritage committed to brokers
by Staff Reporter • 11 Jun 2009
Heritage Building Society has reinforced its commitment to third-party distribution despite its decision to...
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Investors, FHBs, drive borrowing activity up
by Staff Reporter • 11 Jun 2009
The latest data from the ABS has revealed a continued upswing in housing finance activity, driven by first home buyers...
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Kerr's broker ex-boyfriend jailed
by Staff Reporter • 11 Jun 2009
The former boyfriend of supermodel Miranda Kerr has been sentenced to jail after being found guilty of fraud relating...
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No firm govt commitment to continue RMBS programme
by Staff Reporter • 10 Jun 2009
With $6.2 billion already spent of the government’s planned $8 billion injection into RMBS, there has been no...
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Bleak outlook for commercial property values
by Staff Reporter • 10 Jun 2009
Australian commercial property will follow global markets in a downward slide over the next 12 months before bottoming...
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Luxury property market hot spots revealed
by Staff Reporter • 10 Jun 2009
The new suburb of Breakfast Point, on the Parramatta River, has been named the number one location for purchasing...
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Queensland repossessions climb to record levels
by Staff Reporter • 10 Jun 2009
Claims to repossess homes in Queensland jumped to a all time high in April, a new report has revealed.
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Heritage pulls loans from broker channel
by Staff Reporter • 9 Jun 2009
Heritage Building Society has temporarily withdrawn lending products from the market as it seeks to better manage...
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FHB boom shifting to investors
by Staff Reporter • 9 Jun 2009
The peak of first home buyer activity has now passed, according to AFG, who has recorded its second consecutive...
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MFAA praised for raising industry professionalism
by Staff Reporter • 9 Jun 2009
The federal minister for superannuation and corporate law has praised the MFAA for elevating industry standards and...
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