Breaking News
Pepper cuts sales jobs; recruits operations staff
by Staff Reporter • 4 Jul 2008
A drop in volumes has forced Pepper Homeloans to axe six staff in its sales and sales support divisions this...READ MORE
National recession for mortgage sales
by Staff Reporter • 4 Jul 2008
National mortgage sales have fallen into a recession according to sales figures released by the Australian Financial... READ MORE
Single e-conveyancing system finally gets go ahead
by Staff Reporter • 4 Jul 2008
The Council of Australian Governments (COAG) yesterday agreed to the establishment of a national e-conveyancing... READ MORE
COAG agrees on federal regulation of financial services
by Staff Reporter • 4 Jul 2008
The Commonwealth government yesterday reached an agreement with State and Territory governments to assume... READ MORE
ING rations wholesale funding
by Staff Reporter • 4 Jul 2008
IING DIRECT told mortgage managers this week that it has capped the amount of wholesale funds it will make available... READ MORE
Building approvals down in May
by Staff Reporter • 3 Jul 2008
Dwelling approvals suffered a significant 6.5 per cent fall in May, seasonally adjusted, ABS figures revealed... READ MORE
Arrears on rise in local RMBS market
by Staff Reporter • 3 Jul 2008
Prime residential mortgage arreas rose for the fifth consecutive month in April, according to Standard &... READ MORE
Commercial property activity slumps to lowest in 15 years
by Staff Reporter • 3 Jul 2008
Commercial property sales fell 60 per cent in the first half of 2008 compared to the first half of 2007, according to... READ MORE
Adelaide Bank restructures commissions
by Staff Reporter • 3 Jul 2008
Adelaide Bank this afternoon revealed a new “simple, predictable and sustainable” broker commissions... READ MORE
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

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