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Banks receive ratings downgrade
by Staff Reporter • 22 Dec 2008
Standard and Poor’s lowered the credit ratings of 11 international banks by one or two notches on Friday because... READ MORE
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Sydney auction results strong, Brisbane lags
by Staff Reporter • 22 Dec 2008
Auction clearance rates jumped to 71 per cent in Sydney over the weekend, according to Australian Property Monitors. READ MORE
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Irish government extends life line to leading banks
by Staff Reporter • 22 Dec 2008
The Irish government announced over the weekend that it would inject 5.5 billion Euros ($11.3 billion) into three of... READ MORE
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LJ Hooker sets bold growth targets for 2009
by Staff Reporter • 19 Dec 2008
Despite a challenging market for third-party distribution, LJ Hooker Financial Services has big expectations for... READ MORE
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Capital cities rental growth continues upwards march
by Staff Reporter • 19 Dec 2008
Figures released today by RP Data have confirmed what many property investors already know: weekly rents are... READ MORE
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Credit card debt up but slowing
by Staff Reporter • 19 Dec 2008
Credit card expenditure continued to rise in October but borrowers are showing signs that they're becoming more... READ MORE
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CBA BankWest acquisition passes final regulatory hurdle
by Staff Reporter • 19 Dec 2008
Federal treasurer Wayne Swan has given final approval to CBA’s acquisition of BankWest and HBOS wealth... READ MORE
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Arrears remain stable
by Staff Reporter • 19 Dec 2008
Arrears on prime Australian home loans remained relatively stable in the quarter ending September 30, Standard &... READ MORE
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Growing consumer shift to savings mentality
by Staff Reporter • 18 Dec 2008
Difficult economic conditions have prompted more households to recognise the importance of building personal savings. READ MORE
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Hold off on fixing mortgages: brokers
by Staff Reporter • 18 Dec 2008
Interest rates may be at their lowest level in eight years but the industry is confident there are more rate cuts... READ MORE
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NAB to snap up Wizard for bargain price
by Staff Reporter • 18 Dec 2008
NAB could purchase Wizard Home Loans for $30 million – just one tenth of the price realised by founder Mark... READ MORE
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Unemployment rife in lead up to Christmas
by Staff Reporter • 18 Dec 2008
Unemployment in the UK is rising at its fastest pace since 1991 as financial institutions and the wider business... READ MORE
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Australia to avoid recession
by Staff Reporter • 18 Dec 2008
The outlook for economic growth continues to weaken but Australia should sidestep a recession in 2009, according to... READ MORE
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NAB Wizard purchase imminent
by Staff Reporter • 17 Dec 2008
NAB this morning confirmed that it is in advanced discussions to acquire the brand name and distribution network of... READ MORE
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Mortgage stress to blow out in 2009
by Staff Reporter • 17 Dec 2008
While interest rate cuts have helped ease mortgage stress close to one million households could experience it by... READ MORE
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RAMS names new broker head
by Staff Reporter • 17 Dec 2008
RAMS Home Loans has appointed Clive Kirkpatrick to head up its broker business, effective early January 2009. READ MORE
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US rates slashed to historic low
by Staff Reporter • 17 Dec 2008
The US Federal Reserve (Fed) has cut the official cash rate overnight to an unprecedented zero to 0.25 per cent range... READ MORE
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Weak economic prospects prompted ?expansionary? rate setting: RBA
by Staff Reporter • 17 Dec 2008
The RBA’s one per cent December cut was driven by the need to shift monetary policy from neutral to... READ MORE
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House construction down in September quarter
by Staff Reporter • 17 Dec 2008
Housing starts hit an eight year low in the September quarter, plunging by more than 10 per cent. READ MORE
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Rate Tracker returns
by Staff Reporter • 16 Dec 2008
BankWest’s Rate Tracker home loan will be available to brokers once again from today. READ MORE
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GE Money cuts rates
by Staff Reporter • 16 Dec 2008
GE Money yesterday announced that it will reduce its variable rate by 90 basis points for Wizard Home Loans as well as... READ MORE
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Uptake of basic loans on the rise
by Staff Reporter • 16 Dec 2008
Australian borrowers are going “back to basics" with their home loans, according to loan data released by... READ MORE
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House prices maintain positive growth
by Staff Reporter • 16 Dec 2008
Australian house values managed to grow by just under three per cent in the year to November, according to figures... READ MORE
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Personal loan commitments down in October
by Staff Reporter • 16 Dec 2008
Personal finance commitments fell in October as uncertain economic conditions and weak consumer sentiment saw... READ MORE
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Loan volumes to rise in Q1 2009: broker sentiment survey
by Staff Reporter • 15 Dec 2008
While the challenging conditions of 2008 are unlikely to disappear overnight brokers are cautiously optimistic about... READ MORE