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Financial crisis triggers high-end market slump
by • 6 Nov 2008
Prestigious housing markets are facing price falls greater than their outer-suburban counterparts as a result of the...READ MORE
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Deposit guarantee scheme keeping rates high
by • 6 Nov 2008
The government’s deposit guarantee scheme is distorting financial markets, keeping interest rates on deposits... READ MORE
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Industry groups call for action as housing approvals slide
by • 6 Nov 2008

Building approvals suffered a sharp decline in September ABS data released yesterday revealed.

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Westpac delivers rate cut to customers
by • 6 Nov 2008
Westpac is the second major bank to move on yesterday’s RBA rate reduction, announcing a 0.65 per cent drop to... READ MORE
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Federal budget hit by financial crisis
by • 5 Nov 2008
The federal budget has taken a $40 billion hit as a consequence of the global financial crisis, Wayne Swan has... READ MORE
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Allco succumbs to credit crisis
by • 5 Nov 2008
Allco Finance Group, parent of white label sub-prime lender Mobius, was placed into administration over night after an... READ MORE
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PCA attacks property tax
by • 5 Nov 2008
The Property Council of Australia (PCA) is calling for a cut to stamp duty as part of an overhaul of the state tax... READ MORE
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Rate cut welcomed but banks slow to pass on
by • 5 Nov 2008
Lenders have been slow to react to the RBA’s 75 basis points rate cut, with CBA the only big bank to announce... READ MORE
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75bps rate cut solid result: HIA
by • 5 Nov 2008
Property industry bodies have been quick to welcome yesterday’s larger than expected 75 basis points cut by the... READ MORE
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Rates cut by 75bps
by • 5 Nov 2008

The RBA this afternoon slashed the official cash rate by 75 basis points to 5.25 per cent.

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Credit ratings under scrutiny
by • 4 Nov 2008
Credit ratings agencies may need financial services licences to operate as the government looks to resolve concerns... READ MORE
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First home buyers return to market
by • 4 Nov 2008
The introduction of beefed-up first home buyer grants has translated into increased activity, according to major... READ MORE
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Keep cutting rates: IMF
by • 4 Nov 2008
With the RBA and a string of other central banks poised to make rate announcements this week any cuts will be welcomed... READ MORE
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FirstMac looking to acquire building society
by • 4 Nov 2008
FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial... READ MORE
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Rates still a concern to businesses
by • 4 Nov 2008
Australian executives are bracing for tough business conditions moving into the new year, according to Dun &... READ MORE
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Unemployment tipped to hit 6.5pc
by • 4 Nov 2008
Businesses’ hiring intentions continued to decrease in October with ANZ’s Job Advertisement Series falling... READ MORE
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House prices fall in September quarter
by • 3 Nov 2008
Despite optimism for property values for the year ahead, ABS data showed today that house prices suffered further... READ MORE
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Auctions still weak
by • 3 Nov 2008
Weekend auction activity failed to pick up again despite the first home owner boost and the prospect of further rate... READ MORE
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House prices to revive in 2009
by • 3 Nov 2008
Brokers can expect a brighter year ahead with residential property prices tipped to rise over 2009 after suffering... READ MORE
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Tough conditions increase businesses? exposure to bad debts
by • 3 Nov 2008
Over a third of Australian companies have exposure to debts that are unlikely to be repaid, according to a business... READ MORE
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ANZ pulls 80pc LVR low docs
by • 3 Nov 2008
... READ MORE
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Credit growth picks up in September
by • 31 Oct 2008
Demand for credit grew at its fastest pace since March in last month on the back of the Reserve Bank’s rate cut,... READ MORE
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New home sales recovery on horizon
by • 31 Oct 2008
New home sales continued to decline in September however the downward cycle should soon bottom out according to the... READ MORE
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Government says banks can help ease liquidity problems
by • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
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Negative growth pushes US towards official recession
by • 31 Oct 2008
The US economy has edged ever nearer to recession after recording negative growth of 0.3 per cent for the three months... READ MORE
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Seventy per cent of mortgage industry fears further downturn
by • 31 Oct 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the... READ MORE
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Slow-down normal, outlook positive: RBA
by • 31 Oct 2008
Economic growth and household incomes will slow over the coming years but Australia remains well poised to avoid... READ MORE
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Intermediaries increase share of reverse mortgages
by • 30 Oct 2008
Fewer borrowers are choosing to deal direct with the lender when it comes to reverse mortgages, the Deloitte SEQUAL... READ MORE
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Citibank drops commercial and personal loans, ramps residential
by • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
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Westpac profit up
by • 30 Oct 2008

Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September.

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