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Breaking News
Auction clearance rate down
by Staff Reporter • 25 May 2009
The auction clearance rate dropped across four states on Saturday, Australian Property Monitors has revealed.
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Unemployment concerns to stifle home buying activity
by Staff Reporter • 25 May 2009
Nearly a third of Australians will put their home buying plans on hold because of fears of unemployment, a...
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Investor activity tipped for Melbourne
by Staff Reporter • 25 May 2009
Strong market conditions are expected to entice investors into inner Melbourne’s apartment market towards the...
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Fears grow of FHB fuelled property bubble
by Staff Reporter • 25 May 2009
A swell in first home buyer loan sizes has affirmed concerns that first home buyer incentives were inflating property...
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Mortgage lending dominated by just two banks
by Staff Reporter • 25 May 2009
A new report has highlighted the stranglehold the big banks have over the domestic mortgage market, with the bulk of...
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Strong volumes push LJ Hooker recruitment drive
by Staff Reporter • 22 May 2009
LJ Hooker Financial Services’ expansion plans are on track with the franchise recording strong recruitment...
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Residential properties face heavy discounts
by Staff Reporter • 22 May 2009
Home owners wanting to sell are being forced to discount heavily in the face of weak buyer demand.
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Mortgage fraud under FBI spotlight
by Staff Reporter • 22 May 2009
FBI investigations into mortgage fraud have tripled in the past three years, the director of the FBI has revealed.
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Funding boost for Resimac
by Staff Reporter • 22 May 2009
Non-bank lender Resimac has successfully priced a $550 million RMBS transaction.
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Positive signs for credit markets as NAB ditches guarantee
by Staff Reporter • 22 May 2009
In an encouraging sign that credit market conditions are improving NAB has become the first big bank to sell bonds...
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Banks in hot water over billion dollar fees
by Staff Reporter • 22 May 2009
Australia’s biggest banks have come under fire for charging consumers with over $11 billion in fees.
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Fraudulent broker chooses cliff jump over jail
by Staff Reporter • 22 May 2009
A fraudulent mortgage broker has driven his car off a cliff on the day he was due to be sentenced to jail.
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Mortgage Business circulation jumps 55pc
by Staff Reporter • 21 May 2009
Mortgage Business has marked the start of its third year of publishing with magazine circulation growth of over 55 per...
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Aussie fears brand tarnish from NRL sponsorship
by Staff Reporter • 21 May 2009
A string of NRL scandals has prompted Aussie Home Loans to question its sponsorship of the NSW State of Origin team...
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Government urged to facilitate better market competition
by Staff Reporter • 21 May 2009
Building societies and credit unions have urged the federal government to act to preserve competition in the banking...
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Consumer sentiment rocked by government deficit
by Staff Reporter • 21 May 2009
Consumer sentiment took a slide this month off the back of the release of the federal budget and the projected budget...
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Financial planning association committed to fee-for-service transition
by Staff Reporter • 21 May 2009
A transition from commission-based remuneration towards a fee-based system is fundamental to a more reputable industry...
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Fed makes gloomy forecasts for US
by Staff Reporter • 21 May 2009
The US Federal Reserve (Fed) has projected a worse than expected downturn for the flailing US economy and downgraded...
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More rate cuts to come
by Staff Reporter • 21 May 2009
The prospect of further RBA rate cuts has increased off the back of the federal government’s ballooning deficit...
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Banks warned to limit lending
by Staff Reporter • 21 May 2009
Borrowers could face higher borrowing costs as the big banks’ high proportion of loans to deposits puts their...
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UK brokers say insurance products best for diversification
by Staff Reporter • 20 May 2009
Brokers in the United Kingdom are turning to diversification to bolster their incomes, and like their Australian...
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Brokers unconvinced by federal budget
by Staff Reporter • 20 May 2009
The federal budget has failed to impress the majority of brokers according to the latest Mortgage Business weekly...
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MFAA debate to tackle key issues
by Staff Reporter • 20 May 2009
A panel debate including key industry figures and stakeholders will take centre stage at this year’s MFAA...
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Housing shortage to benefit Sydney landlords
by Staff Reporter • 20 May 2009
Investors in Sydney’s metropolitan market can expect strong rental yields as the population continues to grow...
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Variable rates still most popular
by Staff Reporter • 20 May 2009
Borrowers are confident home loan rates will remain low for some time with variable rate demand continuing to track at...
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