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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
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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
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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
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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
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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
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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
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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
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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
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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. READ MORE
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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
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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
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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. READ MORE
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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
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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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Allco succumbs to credit crisis
by Staff Reporter • 5 Nov 2008
Allco Finance Group, parent of white label sub-prime lender Mobius, was placed into administration over night after an... READ MORE
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PCA attacks property tax
by Staff Reporter • 5 Nov 2008
The Property Council of Australia (PCA) is calling for a cut to stamp duty as part of an overhaul of the state tax... READ MORE
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Rate cut welcomed but banks slow to pass on
by Staff Reporter • 5 Nov 2008
Lenders have been slow to react to the RBA’s 75 basis points rate cut, with CBA the only big bank to announce... READ MORE
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75bps rate cut solid result: HIA
by Staff Reporter • 5 Nov 2008
Property industry bodies have been quick to welcome yesterday’s larger than expected 75 basis points cut by the... READ MORE
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Rates cut by 75bps
by Staff Reporter • 5 Nov 2008
The RBA this afternoon slashed the official cash rate by 75 basis points to 5.25 per cent. READ MORE
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Credit ratings under scrutiny
by Staff Reporter • 4 Nov 2008
Credit ratings agencies may need financial services licences to operate as the government looks to resolve concerns... READ MORE
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First home buyers return to market
by Staff Reporter • 4 Nov 2008
The introduction of beefed-up first home buyer grants has translated into increased activity, according to major... READ MORE
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Keep cutting rates: IMF
by Staff Reporter • 4 Nov 2008
With the RBA and a string of other central banks poised to make rate announcements this week any cuts will be welcomed... READ MORE
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FirstMac looking to acquire building society
by Staff Reporter • 4 Nov 2008
FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial... READ MORE
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Rates still a concern to businesses
by Staff Reporter • 4 Nov 2008
Australian executives are bracing for tough business conditions moving into the new year, according to Dun &... READ MORE
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Unemployment tipped to hit 6.5pc
by Staff Reporter • 4 Nov 2008
Businesses’ hiring intentions continued to decrease in October with ANZ’s Job Advertisement Series falling... READ MORE