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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
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Mortgage stress drops 37pc nationwide
by Staff Reporter • 15 Dec 2008
Around 350,000 households have been rescued from mortgage stress as a result of the dramatic fall in interest rates... READ MORE
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Further government stimulus to keep economy in the black
by Staff Reporter • 15 Dec 2008
The federal government has announced a $4.7 billion national building plan in a bid to further bolster the economy... READ MORE
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Economic uncertainty to curb spending
by Staff Reporter • 15 Dec 2008
Consumer spending is forecast to remain subdued well into the new year as unemployment and economic uncertainty weigh... READ MORE
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Auction rates remain low
by Staff Reporter • 15 Dec 2008
Despite signs that consumer sentiment could be improving, the property market failed to register any considerable... READ MORE
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Westpac defends rate decision
by Staff Reporter • 12 Dec 2008
Westpac chief Gail Kelly has defended the bank’s decision not to pass on all of the most recent rate reduction... READ MORE
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Gov't urged to scrap wholesale guarantee
by Staff Reporter • 12 Dec 2008
There are calls from the finance industry for the government to pull its wholesale funding guarantee amid concerns it... READ MORE
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BoQ to seek more acquisitions in 09
by Staff Reporter • 12 Dec 2008
Bank of Queensland will focus once again on acquisition and merger opportunities in the new year, chief executive... READ MORE
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Unemployment remains low
by Staff Reporter • 12 Dec 2008
Australian unemployment crept up to 4.4 per cent in November but remains low in comparison with other markets. READ MORE
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Australia?s commercial market hit by global crisis
by Staff Reporter • 12 Dec 2008
Commercial property sales slumped around 65 per cent in 2008 as global debt froze and the cost of capital soared. READ MORE
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Delinquencies tipped to fall
by Staff Reporter • 12 Dec 2008
Prime RMBS delinquencies remained high but steady in the third quarter of 2008, Moody’s Q3 Performance Review... READ MORE
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Majority of brokers anticipate volume growth in year ahead
by Staff Reporter • 11 Dec 2008
Despite a worsening global outlook Australian brokers remain cautiously optimistic about their prospects in 2009. READ MORE
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Sentiment bounces back
by Staff Reporter • 11 Dec 2008
The Westpac-Melbourne Institute Index of Consumer Sentiment surged an unexpected 7.5 per cent this month. READ MORE
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Resimac seals $600m RMBS deal
by Staff Reporter • 11 Dec 2008
Resimac has successfully priced a $609.1 million RMBS deal off the back of the government’s RMBS assistance... READ MORE