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Breaking News
First home buyer interest mounts
by Staff Reporter • 27 Oct 2008
The industry continues to report a surge in first home buyer interest off the back of the government’s first...
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Mortgage rate price war heats up
by Staff Reporter • 27 Oct 2008
Lenders are continuing to slash their lending rates outside of the RBA’s monetary policy cycle with Aussie Home...
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Guarantee scheme capped but fund managers remain excluded
by Staff Reporter • 27 Oct 2008
The government has responded to calls to put a cap on its deposit guarantee scheme but is still under pressure to...
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Weekend auctions stumble again
by Staff Reporter • 27 Oct 2008
Auction activity stalled on the weekend despite the government’s stimulus initiatives to restore confidence in...
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MFAA slams CHOICE broker snub
by Staff Reporter • 27 Oct 2008
The MFAA has hit back at claims by consumer group CHOICE that consumers can get a better deal on their mortgage by...
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GE Money ends Australian origination
by Staff Reporter • 25 Oct 2008
GE Money Australia & New Zealand today announced that it will cease offering home loans through all third-party...
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RAMS cuts rates again
by Staff Reporter • 24 Oct 2008
RAMS Home Loans today announced a further reduction to its standard variable lending rate of 20 basis points.
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New aggregator to target small to medium broker groups
by Staff Reporter • 24 Oct 2008
RESIMAC is the latest funder to take a stake in the aggregation industry through its launch of Capel Court Financial...
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US foreclosures up 71pc
by Staff Reporter • 24 Oct 2008
Foreclosure filings in the United States surged by 71 per cent in the September quarter compared to same quarter in...
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China slow-down concern for Australian economy
by Staff Reporter • 24 Oct 2008
Slowing demand for commodities pose an increasing threat to the nation’s economy.
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Treasurer gives Westpac, St George deal green light
by Staff Reporter • 24 Oct 2008
Westpac and St George’s merger has been given final approval by treasurer Wayne Swan. Mr Swan said the decision...
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Emergency meeting as deposit scheme saga continues
by Staff Reporter • 24 Oct 2008
The heads of Australia’s four major banks met with the prime minster and treasurer in Canberra overnight to...
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First home buyer affordability on the up
by Staff Reporter • 23 Oct 2008
First home buyer affordability improved by three per cent in the three months to September, as easing in house prices...
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Opinion: Broker channel safe from bank withdrawal
by Staff Reporter • 23 Oct 2008
By Brendan O'Donnell, CEO Choice Aggregation Services
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NAB Broker to deliver real-time access to client data
by Staff Reporter • 23 Oct 2008
NAB Broker today announced a range of new initiatives to support its brokers in the delivery of advice to their...
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ANZ reports fall in profit
by Staff Reporter • 23 Oct 2008
ANZ today delivered a 21 per cent fall in annual net profit of $3.319 billion.
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AFM drops full and low doc rates
by Staff Reporter • 23 Oct 2008
Australian First Mortgage (AFM) moved quickly to undercut the major banks by yesterday announcing a 0.30 per cent rate...
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Biggest ever rate cut for NZ
by Staff Reporter • 23 Oct 2008
The Reserve Bank of New Zealand has slashed its cash rate by one per cent to 6.5 per cent. T
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First home buyer enquiry levels soar
by Staff Reporter • 23 Oct 2008
The government’s first home buyer boost is looking increasingly promising for brokers’ businesses, with...
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Inflation hits 5 pc
by Staff Reporter • 23 Oct 2008
Inflation surged to reach five per cent in the September quarter – the highest level since 1995.
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NAB favourite to buy Wizard
by Staff Reporter • 22 Oct 2008
National Australia Bank could be just days away from acquiring GE Money’s Wizard Home Loans, The Australian...
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Government could u turn on deposit guarantee
by Staff Reporter • 22 Oct 2008
The government may consider capping its unlimited bank deposit guarantee scheme amid a political storm that broke in...
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Mortgage stress improves but more rate cuts needed
by Staff Reporter • 22 Oct 2008
Rate cuts and tax changes have eased borrowers’ mortgage stress but the threat of rising unemployment could...
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Global financial catastrophe averted: RBA
by Staff Reporter • 22 Oct 2008
The international financial system is more than likely on the road to recovery, RBA governor Glenn Stevens said...
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St George cuts standard variable
by Staff Reporter • 22 Oct 2008
St George yesterday moved to reduce its rates by 21 basis points, in line with its peers.
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