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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
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House prices fall in September quarter
by Staff Reporter • 3 Nov 2008
Despite optimism for property values for the year ahead, ABS data showed today that house prices suffered further... READ MORE
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Auctions still weak
by Staff Reporter • 3 Nov 2008
Weekend auction activity failed to pick up again despite the first home owner boost and the prospect of further rate... READ MORE
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House prices to revive in 2009
by Staff Reporter • 3 Nov 2008
Brokers can expect a brighter year ahead with residential property prices tipped to rise over 2009 after suffering... READ MORE
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Tough conditions increase businesses? exposure to bad debts
by Staff Reporter • 3 Nov 2008
Over a third of Australian companies have exposure to debts that are unlikely to be repaid, according to a business... READ MORE
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ANZ pulls 80pc LVR low docs
by Staff Reporter • 3 Nov 2008
READ MORE
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Credit growth picks up in September
by Staff Reporter • 31 Oct 2008
Demand for credit grew at its fastest pace since March in last month on the back of the Reserve Bank’s rate cut,... READ MORE
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New home sales recovery on horizon
by Staff Reporter • 31 Oct 2008
New home sales continued to decline in September however the downward cycle should soon bottom out according to the... READ MORE
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Government says banks can help ease liquidity problems
by Staff Reporter • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
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Negative growth pushes US towards official recession
by Staff Reporter • 31 Oct 2008
The US economy has edged ever nearer to recession after recording negative growth of 0.3 per cent for the three months... READ MORE
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Seventy per cent of mortgage industry fears further downturn
by Staff Reporter • 31 Oct 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the... READ MORE
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Slow-down normal, outlook positive: RBA
by Staff Reporter • 31 Oct 2008
Economic growth and household incomes will slow over the coming years but Australia remains well poised to avoid... READ MORE
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Intermediaries increase share of reverse mortgages
by Staff Reporter • 30 Oct 2008
Fewer borrowers are choosing to deal direct with the lender when it comes to reverse mortgages, the Deloitte SEQUAL... READ MORE
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Citibank drops commercial and personal loans, ramps residential
by Staff Reporter • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
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Westpac profit up
by Staff Reporter • 30 Oct 2008
Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September. READ MORE
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US rates slashed again
by Staff Reporter • 30 Oct 2008
The US official cash rate is down to one per cent after the Federal Reserve announced a 50 basis point reduction... READ MORE
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FirstMac, ME score government RMBS injection
by Staff Reporter • 30 Oct 2008
FirstMac and Members Equity are the first lenders to benefit from the government’s $8 billion RMBS scheme. READ MORE
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Mainstream media ignorance blamed for bad broker press
by Staff Reporter • 29 Oct 2008
Mortgage brokers and non-bank lenders have attracted more than their fair share of unwanted media coverage over the... READ MORE
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New name for PMI as acquisition finalised
by Staff Reporter • 29 Oct 2008
Mortgage insurer PMI Australia today announced that it has changed its name to QBE Lenders’ Mortgage Insurance... READ MORE