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Loan losses to rise: CBA
by Staff Reporter • 13 Nov 2008
The Commonwealth Bank will face increased loan losses this financial year as a result of several exposures to company...READ MORE
Commercial finance activity edges up
by Staff Reporter • 13 Nov 2008
Commercial finance activity picked up in September, according to ABS data released yesterday.
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Confidence up but still low
by Staff Reporter • 13 Nov 2008
Consumer confidence crept upwards in October as a result of RBA rate reductions and the government’s stimulus... READ MORE
Opportune defies tough market
by Staff Reporter • 13 Nov 2008
Despite tough industry conditions mortgage originator Opportune Home Loans has reported “speedy growth”,... READ MORE
Brokers warm to advice-based model
by Staff Reporter • 13 Nov 2008
Something of a revolution is taking place across the industry as more brokers now look to their future success through... READ MORE
US acts to ease spiralling foreclosures
by Staff Reporter • 12 Nov 2008
The United States has unveiled further initiatives to ease mortgage stress for hundreds of thousands of Americans... READ MORE
Mutuals endure financial crisis
by Staff Reporter • 12 Nov 2008
Building societies and credit unions are weathering difficult financial conditions well, KPMG’s 2008 Building... READ MORE
Rates to fall to 3.75pc within six months: NAB
by Staff Reporter • 12 Nov 2008
The official cash rate could drop as low as 3.75 per cent by early next year, according to forecasts by NAB.
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Broker demand spurs Mortgage Ezy rate cut
by Staff Reporter • 12 Nov 2008
Mortgage Ezy yesterday announced a reduction in rates on its recently released Special Discount 6 Month Variable Loan... READ MORE
Ignorance blamed for latest media broker attack
by Staff Reporter • 11 Nov 2008
Brokers were once again subject to negative press over the weekend with Herald Sun columnist Scott Pape telling... READ MORE
Business conditions for SMEs decline but outlook brighter
by Staff Reporter • 11 Nov 2008
Australian small to medium businesses continued to experience tough conditions in the September quarter, off the back... READ MORE
Buyer?s Choice acquires Westate Finance
by Staff Reporter • 11 Nov 2008
Buyer’s Choice Home Loan Advisory Service, a Melbourne-based brokerage, today announced the acquisition of... READ MORE
Property markets ripen for FHBs, investors
by Staff Reporter • 11 Nov 2008
The September quarter saw property prices fall in most capital cities, data from Australian Property Monitors showed... READ MORE
Challenger unveils new management structure
by Staff Reporter • 11 Nov 2008
Challenger Financial Services Group today announced a raft of executive changes under the guidance of newly-appointed... READ MORE
Rates hinge on balance between economic slowdown and inflation: RBA
by Staff Reporter • 11 Nov 2008
The Reserve Bank will be seeking to “strike the appropriate balance” between avoiding an unduly sharp... READ MORE
First home buyer activity up
by Staff Reporter • 11 Nov 2008
The Reserve Bank’s first rate reduction of 0.25 per cent in September has triggered a pick up in the first home... READ MORE
G20 vows further action for global financial system
by Staff Reporter • 10 Nov 2008
The Group of 20 Nations (G20) has pledged to continue working together to restore stability and foster growth in the... READ MORE
Mutuals poised to move in as second tier banks disappear
by Staff Reporter • 10 Nov 2008
Credit unions and building societies are gearing up to grab market share as second tier banks are swallowed up by the... READ MORE
Sydney, Melbourne property markets still slow
by Staff Reporter • 10 Nov 2008
The nation’s leading property markets once again failed to deliver impressive auction results over the weekend,... READ MORE
English rates slashed to lowest level in over 50 years
by Staff Reporter • 7 Nov 2008
The Bank of England has slashed the official cash rate by 150 basis points in a bid to soften the impact of the... READ MORE
Mortgagors raid super to stay afloat
by Staff Reporter • 7 Nov 2008
A greater number of stressed mortgagors are turning to their superannuation funds in a bid to avoid losing their... READ MORE
October unemployment figures steady
by Staff Reporter • 7 Nov 2008
The unemployment rate remained unexpectedly steady in October despite deteriorating economic conditions and... READ MORE
First home buyers, refinancing boost market activity
by Staff Reporter • 7 Nov 2008
Increased first home buyer and refinancing business over October has driven an 18 per cent increase in mortgage sales... READ MORE
St George meets majors on SVR rate
by Staff Reporter • 7 Nov 2008
St George yesterday concluded the major banks’ response to this month’s rate cut by passing on a reduction... READ MORE
AMP borrowers see 75bp cut
by Staff Reporter • 6 Nov 2008
AMP has surpassed the major banks and passed on the full 75 basis points of the RBA’s Tuesday rate cut.
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Financial crisis triggers high-end market slump
by Staff Reporter • 6 Nov 2008
Prestigious housing markets are facing price falls greater than their outer-suburban counterparts as a result of the... READ MORE
Deposit guarantee scheme keeping rates high
by Staff Reporter • 6 Nov 2008
The government’s deposit guarantee scheme is distorting financial markets, keeping interest rates on deposits... READ MORE
Industry groups call for action as housing approvals slide
by Staff Reporter • 6 Nov 2008
Building approvals suffered a sharp decline in September ABS data released yesterday revealed.
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Westpac delivers rate cut to customers
by Staff Reporter • 6 Nov 2008
Westpac is the second major bank to move on yesterday’s RBA rate reduction, announcing a 0.65 per cent drop to... READ MORE
Federal budget hit by financial crisis
by Staff Reporter • 5 Nov 2008
The federal budget has taken a $40 billion hit as a consequence of the global financial crisis, Wayne Swan has... READ MORE
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