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UK push to ban 100 per cent mortgages
by Staff Reporter • 23 Feb 2009
The days of 100 per cent mortgages could be numbered with British prime minister Gordon Brown seeking to have the...READ MORE
Buoyant auction results in Sydney and Melbourne
by Staff Reporter • 23 Feb 2009
Home buyers keen to take advantage of falling interest rates took to the market on the weekend producing solid auction... READ MORE
CBA tightens FHB deposit rules
by Staff Reporter • 23 Feb 2009
First home buyers will need to contribute at least 3 per cent of the purchase price in their own money – on top... READ MORE
Buyers turn to CBD properties
by Staff Reporter • 20 Feb 2009
Economic uncertainty is pushing buyers towards properties in close proximity to CBDs where values remain safe because... READ MORE
Small businesses struggle, expect worse
by Staff Reporter • 20 Feb 2009
A NAB survey released yesterday confirmed small businesses are doing it tough and expect 2009 to only get... READ MORE
Tough outlook for building societies
by Staff Reporter • 20 Feb 2009
A new report on building societies has labelled the sector’s outlook negative.
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GE sparks loan book run-off
by Staff Reporter • 20 Feb 2009
After failing to pass on the bulk of the RBA’s recent rate cuts to borrowers GE Money will offer a fee waiver... READ MORE
New AFM commission structure revealed
by Staff Reporter • 20 Feb 2009
Australian First Mortgage (AFM) yesterday announced a new initiative to offer brokers a choice on how their... READ MORE
Full rate cut pass-on may not benefit brokers
by Staff Reporter • 19 Feb 2009
Warnings that the major banks may not pass on future rate cuts in full have been met with criticism from all quarters... READ MORE
Consumers spending, but not enough
by Staff Reporter • 19 Feb 2009
Consumer retail spending continued to grow in the December quarter albeit at a lower rate than expected.
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Leading Index points to recession
by Staff Reporter • 19 Feb 2009
The latest Westpac-Melbourne Institute Leading Index of economic activity has recorded a further disintegration and... READ MORE
A license to print money
by Staff Reporter • 19 Feb 2009
The Bank of England (BoE) is set to start “printing money” as it struggles to get a grip on the... READ MORE
Fixed interest products to make return
by Staff Reporter • 19 Feb 2009
With the cash rate nearing the bottom of its cycle brokers can expect an upswing in fixed rate product... READ MORE
Westpac earnings slip
by Staff Reporter • 18 Feb 2009
Westpac’s profit dipped in the December quarter as a result of challenging market conditions, the bank revealed... READ MORE
Property market to turn corner
by Staff Reporter • 18 Feb 2009
Australian capital city property markets are now either at or near the bottom of their correction phase and brokers... READ MORE
Wage expectations modest
by Staff Reporter • 18 Feb 2009
Australians expect the weaker economy to limit wage growth over the coming year, Melbourne Institute research revealed... READ MORE
More major rate cuts unlikely: RBA
by Staff Reporter • 18 Feb 2009
The government’s $42 billion stimulus package and the Reserve Bank’s substantial easing of monetary policy... READ MORE
Liquidity boost for mortgage lenders
by Staff Reporter • 18 Feb 2009
Additional funds are set to be pumped into the mortgage market with the news that the next phase of Australian Office... READ MORE
Bendigo and Adelaide registers loss; up earning
by Staff Reporter • 17 Feb 2009
Bendigo and Adelaide Bank yesterday reported a fall in net profit of 17 per cent for the first half of the financial... READ MORE
Challenger posts strong earnings despite mark-to-market loss
by Staff Reporter • 17 Feb 2009
Challenger Financial’s solid mortgage management and life division have helped offset an otherwise tough year... READ MORE
Japan slowdown bad news for Australian economy
by Staff Reporter • 17 Feb 2009
A substantial slow down in Japan’s economy does not bode well for domestic economic conditions.
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Housing finance up in December
by Staff Reporter • 17 Feb 2009
Further evidence that the lower rate environment has stimulated demand for home loans was revealed in strong ABS... READ MORE
Improved housing affordability boosts broker volumes
by Staff Reporter • 17 Feb 2009
The housing market is in considerably better shape than it was a year ago with affordability improving dramatically in... READ MORE
Royal Bank of Scotland to shed thousands of jobs
by Staff Reporter • 16 Feb 2009
Struggling Royal Bank of Scotland (RBS) is reportedly considering a cost-cutting program that could reduce its... READ MORE
Commonwealth Bank SVR tops the majors
by Staff Reporter • 16 Feb 2009
After what could be the last major rate reduction for this cycle, The Commonwealth Bank has delivered the lowest home... READ MORE
Aus, US stimulus measures get thumbs up
by Staff Reporter • 16 Feb 2009
Kevin Rudd’s $42 billion stimulus package finally received the green light from the senate on Friday afternoon... READ MORE
Mixed results for weekend auctions
by Staff Reporter • 16 Feb 2009
Encouraging Valentine’s Day clearance rates were registered for Sydney and Melbourne however the smaller... READ MORE
Melbourne auctions disappoint
by Staff Reporter • 13 Feb 2009
Melbourne auctions recorded a disappointing result on the weekend, newly released figures today revealed.
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Lenders drop mortgage brokers: US
by Staff Reporter • 13 Feb 2009
Some US lenders are cutting back on doing business with mortgage brokers, raising concerns about the impact on... READ MORE
Business confidence smashed
by Staff Reporter • 13 Feb 2009
Deteriorating economic conditions have seen business confidence fall to an all time low.
READ MORE
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