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Property market to pick up on back of rate reductions
by Staff Reporter • 3 Dec 2008
Another sizeable rate cut from the RBA yesterday is welcome news for the mortgage industry and could now spark... READ MORE
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Cash rate hits six year low
by Staff Reporter • 3 Dec 2008
The official cash rate has fallen to 4.25 per cent after the Reserve Bank today made a further reduction of 100 basis... READ MORE
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Moody's backs government wholesale guarantee scheme
by Staff Reporter • 2 Dec 2008
Moody's Investors Service yesterday announced that it has approved the government’s wholesale bank guarantee... READ MORE
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Aussies up to $700 a month better off
by Staff Reporter • 2 Dec 2008
The average Australian now has close to $700 more in the kitty each month than they did just six months ago, according... READ MORE
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More land at lower cost essential for residential recovery
by Staff Reporter • 2 Dec 2008
Spiralling land costs and the inadequate release of new land could inhibit a recovery in residential dwelling... READ MORE
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More finance job cuts on the cards
by Staff Reporter • 2 Dec 2008
Further job cuts are expected to hit the banking and finance sector before Christmas as the industry attempts to... READ MORE
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Affordability improves but credit a concern
by Staff Reporter • 1 Dec 2008
The first improvement in housing affordability since early 2007 is good news for the broking industry but there are... READ MORE
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Misconduct lands Geelong broker in jail
by Staff Reporter • 1 Dec 2008
A Geelong mortgage broker will spend at least one year in jail after his appeal was denied by the Victorian Court of... READ MORE
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Bank deposits soar
by Staff Reporter • 1 Dec 2008
Australians have turned to the safety of bank deposit accounts in favour of risking their money in volatile... READ MORE
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UK Government buys major RBS stake
by Staff Reporter • 1 Dec 2008
In the biggest bank bailout in the UK to date, the British government has purchased a majority stake in Royal Bank of... READ MORE
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Excessive stamp duty costs hinder market recovery
by Staff Reporter • 1 Dec 2008
While first home buyer activity is set to benefit from government incentives, spiralling stamp duty costs could see... READ MORE
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Diversification gathers pace
by Staff Reporter • 1 Dec 2008
Insurance is fast becoming a significant product offering for brokers, according to Choice Aggregation Services (CAS)... READ MORE
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Broker convicted of assault
by Staff Reporter • 29 Nov 2008
Mortgage broker Jason Meares, brother of high profile model Jodhi Meares, was found guilty of assaulting an undercover... READ MORE
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Lack of liquidity to continue
by Staff Reporter • 28 Nov 2008
Liquidity will remain a challenge for Australian lenders with securitisation markets showing little signs of recovery... READ MORE
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Mortgage industry inquiry to boost competition
by Staff Reporter • 28 Nov 2008
The MFAA has welcomed a report by the House of Representatives Economics Committee on competition in the banking and... READ MORE
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New home sales jump
by Staff Reporter • 28 Nov 2008
Last month's one per cent rate cut and the government's tripling of the First Home Owners Grant in mid-October has... READ MORE
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Bankwest cuts fixed rates
by Staff Reporter • 28 Nov 2008
Bankwest has today cut its two year fixed rate home loan to 5.49 per cent p.a. (comparison rate of 7.38%) in... READ MORE
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Sharp drop in CBD property sales
by Staff Reporter • 27 Nov 2008
Sales figures in the Sydney and Melbourne CBD property markets have fallen 64 per cent and 27.5 per cent respectively... READ MORE
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US home prices slide further
by Staff Reporter • 27 Nov 2008
Home prices in the US continued to fall in the period to September 2008, data released by Standard & Poor’s... READ MORE
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Non-conforming delinquencies still rising
by Staff Reporter • 27 Nov 2008
Australia’s non-conforming delinquency levels are expected to remain high in the near term as sluggish property... READ MORE
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Building industry looks to first home owners for growth
by Staff Reporter • 27 Nov 2008
Aggressive rate cuts and tripling of the First Home Owner Grant for new dwellings should boost building activity... READ MORE
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Australia to avoid recession: OECD
by Staff Reporter • 27 Nov 2008
In contrast with most other developed countries the Australian economy will continue to grow in 2009 according to The... READ MORE
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Sharp December rate cut on the cards
by Staff Reporter • 26 Nov 2008
Speculation over the extent of the December rate cut has intensified with some tipping as much as a 1.25 per cent... READ MORE
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Delinquencies continue upward climb
by Staff Reporter • 26 Nov 2008
The proportion of delinquent borrowers was 50 per cent higher in September than it was 10 months ago, according to... READ MORE
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Refinancing activity to pick up
by Staff Reporter • 26 Nov 2008
Brokers can expect an upswing in refinancing activity in 2009 as homeowners choose to renovate in preference over... READ MORE