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Record chop for NZ rates
by Staff Reporter • 4 Dec 2008
The Reserve Bank of New Zealand (RBNZ) slashed its cash rate by an unprecedented 150 basis points today in a bid to... READ MORE
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Jennifer Nielsen to head ?online and marketing? for Ray White
by Staff Reporter • 4 Dec 2008
One year after the X Inc and Ray White’s Loan Market merger, CEO Jenifer Nielsen has stepped down. M READ MORE
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Economy narrowly avoids negative growth
by Staff Reporter • 4 Dec 2008
Australian economic growth buckled in the September quarter under the weight of 12 year high interest rates, a... READ MORE
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US a year into recession
by Staff Reporter • 3 Dec 2008
The American economy is officially in recession the country’s National Bureau of Economic Research has... READ MORE
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Consumer spending up in October
by Staff Reporter • 3 Dec 2008
Retail spending improved surprisingly in October, ABS data released yesterday revealed. READ MORE
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Major banks quick to cut rates
by Staff Reporter • 3 Dec 2008
Most of the big banks have wasted no time in announcing rate reductions but not all have decided to hand back the full... READ MORE
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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