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Commercial finance commitments continue downward trend

by Staff Reporter • 12 Jun 2008
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted...READ MORE

Macquarie?s first 2008 no- and low-doc RMBS rated AAA

by Staff Reporter • 12 Jun 2008
The class A notes of Macquarie’s first no- and low-doc RMBS issue for the year was today assigned a... READ MORE

ANZ in commission restructure talks

by Staff Reporter • 11 Jun 2008
Consultation about possible changes to its commissions structure is currently underway between ANZ and broker groups,... READ MORE

Lehman Brothers to deliver shock quarterly loss

by Staff Reporter • 11 Jun 2008
Lehman Brothers announced overnight that it expected a second quarter loss of US$2.8 billion ($2.95 billion), which... READ MORE

Suncorp latest to change broker commissions

by Staff Reporter • 11 Jun 2008
Suncorp confirmed today that it will introduce a new broker commission structure designed to reward "persistent,... READ MORE

New legislation should encompass ?inextricably linked? credit...

by Staff Reporter • 11 Jun 2008
The FBAA yesterday called on the Federal government to broaden the scope of its proposed financial services sector... READ MORE

Non-bank market share slides in April

by Staff Reporter • 10 Jun 2008
In further evidence that the non-bank sector has been hit hard by current market conditions, ABS figures released... READ MORE

Broker numbers to drop by 30pc

by Staff Reporter • 10 Jun 2008
Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears... READ MORE

Outlook bleak for Australian businesses

by Staff Reporter • 10 Jun 2008
The Australian business community has bleak expectations for the September quarter, Dun & Bradstreet’s... READ MORE

House prices plummet

by Staff Reporter • 10 Jun 2008
Australian house values experienced the largest quarterly fall in five years during the March quarter, according to... READ MORE

SA first home buyers granted stamp duty relief

by Staff Reporter • 6 Jun 2008
South Australian first home buyers will benefit from a $4,000 stamp duty grant in a new measure announced in the... READ MORE

Inquiry launched into the lending industry

by Staff Reporter • 6 Jun 2008
The House of Representatives economics committee yesterday launched an inquiry into the Australian banking... READ MORE

Mobius ratings on CreditWatch negative

by Staff Reporter • 6 Jun 2008
In more bad news for Mobius, Standard & Poor’s Ratings Service this week placed the ratings on several of... READ MORE

Macquarie pulls back on personal loans

by Staff Reporter • 5 Jun 2008
Macquarie Consumer Finance confirmed with Mortgage Business today that it will discontinue originating its fixed-rate... READ MORE

GDP growth rate slows

by Staff Reporter • 5 Jun 2008
Gross domestic product (GDP) rose a surprising 0.6 per cent, seasonally adjusted, in the March quarter ABS data... READ MORE

Current under-building to leave decade long housing shortage

by Staff Reporter • 5 Jun 2008
Australia’s current slump in residential construction will leave a legacy of insufficient dwelling stock for the... READ MORE

May mortgage sales reveal plummeting borrower confidence

by Staff Reporter • 5 Jun 2008
Mortgage sale figures released by the Australian Finance Group (AFG) yesterday revealed a dramatic fall in consumer... READ MORE

Green Paper brings national regulation one step closer

by Staff Reporter • 5 Jun 2008
The minister for Superannuation and Corporate Law, Senator Nick Sherry, yesterday released the Green Paper for... READ MORE

Monopolised aggregation industry a danger

by Staff Reporter • 5 Jun 2008
Consolidation across the industry may be imminent but association heads have voiced concerns over a monopolised... READ MORE

BankWest quashes HBOS funding rumours

by Staff Reporter • 4 Jun 2008
BankWest has denied rumours its east coast expansion is under threat because of funding pressures on its parent... READ MORE

Queensland budget delivers measures to improve affordability

by Staff Reporter • 4 Jun 2008
The New South Wales budget failed to provide any direct measures to assist home buyers yesterday, but in Queensland... READ MORE

Building approvals up but no real recovery ahead

by Staff Reporter • 4 Jun 2008

Building approvals picked up significantly in April, data from the ABS showed yesterday.

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Interest rates remain on hold

by Staff Reporter • 4 Jun 2008
The RBA left interest rates unchanged today at 7.25 per cent as opposing forces once again left considerable... READ MORE

BankWest sale rumoured

by Staff Reporter • 3 Jun 2008
BankWest could be up for sale as rumour circulates that its parent company HBOS is coming under severe cost... READ MORE

RAMS franchisees take Westpac to the ACCC

by Staff Reporter • 3 Jun 2008
More than a third of RAMS Home Loan's 60 franchisees are headed for mediation with Westpac this week with claims... READ MORE

American housing markets suffer price declines

by Staff Reporter • 3 Jun 2008
Eighty four per cent of America’s housing markets suffered price declines over the first quarter of 2008, data... READ MORE

National property values stagnate

by Staff Reporter • 3 Jun 2008

April property figures from RP Data have confirmed the nation’s property markets are softening.

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New home sales flat and likely to remain so

by Staff Reporter • 3 Jun 2008
New home sales recorded a 0.1 per cent rise in April, Housing Institute of Australia (HIA) figures revealed... READ MORE

Mixed response to NAB?s commission changes

by Staff Reporter • 2 Jun 2008
NAB’s Thursday announcement of restructured broker commissions has been met with cautious approval from the... READ MORE

Private sector credit slows in April

by Staff Reporter • 2 Jun 2008
Total credit provided to the private sector by financial intermediaries rose by a small 0.4 per cent in April, Reserve... READ MORE
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