Breaking News
Bank of America buys Countrywide
by Staff Reporter • 2 Jul 2008
Embattled US home lender Countrywide Financial Corp has been purchased by Bank of America (BoA) for an estimated 37...READ MORE
E-conveyancing meets more road blocks
by Staff Reporter • 2 Jul 2008
Plans for a single national system for electronic property transaction settlements is set to meet resistance from the... READ MORE
New wave of borrowers heading for mortgage stress
by Staff Reporter • 2 Jul 2008
Australia is expected to experience a significant rise in mortgage stress as a wave of borrowers move off their fixed... READ MORE
Rates remain on hold, for now
by Staff Reporter • 2 Jul 2008
Mortgage businesses can rest easy for another month as the RBA left rates unchanged this afternoon.
READ MOREHousing credit growth slowest since 1991
by Staff Reporter • 1 Jul 2008
Housing finance growth figures fell in May to their lowest level in 17 years, the RBA revealed today.
READ MOREA million homes needed by 2013
by Staff Reporter • 1 Jul 2008
Australia will need another one million homes built over the next five years to accommodate its growing... READ MORE
National house values stable
by Staff Reporter • 1 Jul 2008
Despite market sentiment that property prices were likely to slide, values have remained steady for the first five... READ MORE
Rates under pressure: gloabl economic instability
by Staff Reporter • 1 Jul 2008
The Bank of International Settlements’ annual report has warned that the global economy is under serious... READ MORE
Australia slips in property transparency index
by Staff Reporter • 30 Jun 2008
Australia lost its number 1 ranking in the Global Real Estate Transparency Index from Jones Lang LaSalle Investment... READ MORE
Members Equity Bank prices $470 RMBS
by Staff Reporter • 30 Jun 2008
Members Equity Bank’s successfully priced a $470 million Maxis Loan Securitisation Fund 2008-1 residential... READ MORE
Rates tipped to stay put
by Staff Reporter • 30 Jun 2008
The RBA is expected to hold rates tomorrow following a month of subdued retail sales and slowed credit growth.
READ MORETax breaks for Queensland borrowers
by Staff Reporter • 30 Jun 2008
Queensland home buyers have been boosted by tax benefits across stamp duty, mortgage duty and the land tax threshold... READ MORE
Auction clearances down
by Staff Reporter • 30 Jun 2008
Property sales slumped this weekend with auctions delivering poor results in most markets according to data from... READ MORE
Workforce shortage increases rates pressure
by Staff Reporter • 27 Jun 2008
Tight conditions in the labour market could trigger another interest rate rise.
READ MOREBuilders in the red
by Staff Reporter • 27 Jun 2008
Small construction groups make up 20 per cent of businesses that go into administration according to an ASIC report... READ MORE
Credit reporting reform could boost economy, help borrowers
by Staff Reporter • 27 Jun 2008
Reforms to the Australian credit reporting system could boost the Australian economy by $1.7 billion, help lower... READ MORE
Wide Bay completes Mackay Permanent acquisition
by Staff Reporter • 27 Jun 2008
Wide Bay gained control of Mackay Permanent on January 10 after achieving 90% acceptance of shareholders; full... READ MORE
Fed holds rates at 2.0pc
by Staff Reporter • 26 Jun 2008
The US Federal Reserve’s (Fed) Federal Open Market Committee left rates unchanged at two per cent it was... READ MORE
Macquarie prices $315 million RMBS
by Staff Reporter • 26 Jun 2008
Macquarie Securitisation Limited's latest foray back into the capital markets bodes well for Australian securitised... READ MORE
Industry split over fee-based future
by Staff Reporter • 26 Jun 2008
Reduced commissions may accelerate the transition towards a fee-based structure for Australian brokers however... READ MORE
Wealth on the rise
by Staff Reporter • 26 Jun 2008
The annual World Wealth Report released by Merrill Lynch yesterday has revealed the number of wealthy Australians grew... READ MORE
ASIC serves warning for upcoming reporting period
by Staff Reporter • 25 Jun 2008
In a statement released yesterday, ASIC has warned companies and auditors to ensure that they are adequately prepared... READ MORE
Population surge adds pressure to housing crisis
by Staff Reporter • 25 Jun 2008
Australia’s population grew by 332,000 people in 2007 to 21.18 million which has added further pressure to the... READ MORE
Banks triple bond issuance
by Staff Reporter • 25 Jun 2008
Australia’s Big Four banks have issued $14.8 billion in bonds so far this year to meet increased demands from... READ MORE
175,000 finance jobs to go worldwide
by Staff Reporter • 25 Jun 2008
Up to 175,000 jobs with financial firms could be axed globally by this time next year as a result of write downs and... READ MORE
Housing loans drive banks? growth
by Staff Reporter • 24 Jun 2008
Australian banks registered a 22.3 per cent growth in total assets over the year to December 31st 2007, APRA announced... READ MORE
Labour outlook gloomy: Melbourne Institute
by Staff Reporter • 24 Jun 2008
The Melbourne Institute’s Monthly Bulletin of Economic Trends report has revealed that the growth outlook for... READ MORE
Commission cuts no impact on Refund Home Loans
by Staff Reporter • 24 Jun 2008
Refund Home Loans (Refund) is adamant its business model will remain unchanged despite reductions of up to 30 per cent... READ MORE
APRA chairman to stay put
by Staff Reporter • 24 Jun 2008
Treasurer Wayne Swan announced to Parliament yesterday the reappointment of APRA chairman Dr John Laker and deputy... READ MORE
CHOICE slams St George Westpac merger
by Staff Reporter • 24 Jun 2008
The Australian Consumers Association (CHOICE) has called on the Australian Consumer Competition Commissions (ACCC) to... READ MORE

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