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Capital city house prices slip in December quarter

by Staff Reporter • 3 Feb 2009
Figures released by the Bureau of Statistics yesterday show the weighted average national house price dropped by 3.3...READ MORE

Cash rate tipped to fall by 1pc tomorrow

by Staff Reporter • 2 Feb 2009
The cash rate is expected to fall to 3.25 per cent tomorrow and could fall below 2 per cent by the end of 2009,... READ MORE

Economic uncertainty sends borrowing levels south

by Staff Reporter • 2 Feb 2009
Private sector borrowing has contracted for the first time since the early 1990s fuelled by nervous businesses who are... READ MORE

Australia's economic position enviable: IMF

by Staff Reporter • 2 Feb 2009
Treasurer Wayne Swan has confirmed the economic crisis will send the federal budget into deficit however the... READ MORE

House prices to hold firm in 09

by Staff Reporter • 2 Feb 2009
Strong demand and historic low interest rates should see the Australian property market through a challenging year... READ MORE

BankWest trims major groups' commission

by Staff Reporter • 30 Jan 2009
BankWest’s commission guarantee to its top six aggregation groups has ended and a new reduced remuneration... READ MORE

US home sales fall to 26 year low

by Staff Reporter • 30 Jan 2009
Further evidence of the crumbling US housing market was revealed with the news that total new home sales in the United... READ MORE

State and Fed gov urged to work together to combat crisis

by Staff Reporter • 30 Jan 2009
The Business Council of Australia (BCA) has called on all levels of Australian government to work together in order to... READ MORE

Opportunity for cautious investors in Australian property

by Staff Reporter • 30 Jan 2009
Property prices will not drop as much in Australia as they have in the UK or US but savvy local investors can still... READ MORE

BoE to spend $100 billion to thaw credit markets

by Staff Reporter • 30 Jan 2009
The UK government has authorised the Bank of England to spend £50 billion (A$109 billion) of “high quality... READ MORE

Fed to keep cash rate near zero to rescue US economy

by Staff Reporter • 29 Jan 2009
The Federal Reserve says it will use all tools available to steer the American economy out of the depths of its... READ MORE

Wizard brand could be canned

by Staff Reporter • 29 Jan 2009
The Wizard Home Loans brand may soon disappear from the mortgage industry with new owner Aussie Home Loans reportedly... READ MORE

New Zealand cuts another 150bps off cash rate

by Staff Reporter • 29 Jan 2009
The Reserve Bank of New Zealand (RBNZ) slashed the cash rate overnight by a whopping 150 basis points to 3.5 per... READ MORE

Brokers call for FHOG extension

by Staff Reporter • 29 Jan 2009
The increase to the First Home Owner Grant (FHOG) appears to have stimulated buyer activity and the majority of... READ MORE

Weak global economy and falling inflation point to big rate cut

by Staff Reporter • 29 Jan 2009
Bleak forecasts for the global economy from the IMF and the biggest quarterly decline in domestic inflation in more... READ MORE

Gov scheme to assist economic recovery welcomed

by Staff Reporter • 28 Jan 2009
The peak body for the building and construction industry, Master Builders, has welcomed the government’s $4... READ MORE

US consumers kick off 09 with historically low confidence

by Staff Reporter • 28 Jan 2009
Consumer confidence in the United States continues to plunge off the back of the country’s deteriorating... READ MORE

Merger discussions for mecu and RegionalOne

by Staff Reporter • 28 Jan 2009
Environmentally friendly credit union mecu has announced it is in merger discussions with fellow Victorian based... READ MORE

Unemployment to push mortgage stress upwards in 2009

by Staff Reporter • 28 Jan 2009
Rising job losses could see mortgage stress rise to levels higher than those recorded during the interest rate pain of... READ MORE

UK brokers turn to cross-selling and diversification

by Staff Reporter • 28 Jan 2009
Tough mortgage market conditions have led Australian mortgage brokers to diversify their businesses and UK brokers... READ MORE

ING Group losses no impact on ING DIRECT

by Staff Reporter • 28 Jan 2009
Brokers have been assured that despite a massive expected fourth quarter loss and looming job cuts for Dutch banking... READ MORE

Australia to slip into moderate recession: NAB

by Staff Reporter • 27 Jan 2009
Business confidence and conditions inched upwards in December but a wave of negative global developments will see... READ MORE

Gov scheme to steer commercial construction through downturn

by Staff Reporter • 27 Jan 2009
The federal government and the big four banks are working on a contingency plan which will provide funding for... READ MORE

Australian property 'severely unaffordable'

by Staff Reporter • 27 Jan 2009
Australia’s housing bubble has yet to burst and “sooner or later” the market is likely to suffer house price... READ MORE

Brokers incensed by commission snub advert

by Staff Reporter • 23 Jan 2009
A lender’s radio advertising campaign suggesting that brokers are biased towards recommending products that pay... READ MORE

US housing market continues to crumble

by Staff Reporter • 23 Jan 2009
The state of the United States’ housing market continues to deteriorate with new economic data pointing to an... READ MORE

More rental properties now lie vacant

by Staff Reporter • 23 Jan 2009

Vacancy rates are on the rise according to data released today by property market research house SQM.

READ MORE

Australian jobs at threat from China slowdown

by Staff Reporter • 23 Jan 2009
The sharp slowdown in the Chinese economy is expected to trigger a fall in Australian exports and place further... READ MORE

Brokers fear end to high LVRs

by Staff Reporter • 22 Jan 2009
Recent reductions to lenders’ maximum LVRs have sparked concern among brokers that the days of high loan to... READ MORE

Crisis sees lending activity fall 30pc: UK

by Staff Reporter • 22 Jan 2009
The extent of the impact of the financial crisis on the UK has been highlighted by plummeting mortgage lending figures... READ MORE
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