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Queensland affordability slumps

by Staff Reporter • 19 Jun 2008
Figures released by RP Data have shown that on average Queenslanders contributed more than 40 per cent of their salary...READ MORE

St George completes funding requirements for 2008

by Staff Reporter • 19 Jun 2008
St George yesterday announced that had completed 100 per cent of its financial year 2008 term wholesale funding... READ MORE

GMAC-RFC suspends funding

by Staff Reporter • 19 Jun 2008
Effective 10.30 a.m. today GMAC-RFC (GMAC) ceased funding new loans while it undergoes a “strategic... READ MORE

RBA economic outlook reveals rates likely to remain stable

by Staff Reporter • 19 Jun 2008
Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in... READ MORE

Heritage Building Society to raise $95m

by Staff Reporter • 18 Jun 2008

Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.

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Residential loan performance slides: Moody's

by Staff Reporter • 18 Jun 2008
Spiralling average loan sizes and LVRs over the last three years could spell trouble for lenders, Moody’s... READ MORE

Mortgage insurers predict slowdown

by Staff Reporter • 17 Jun 2008
Mortgage insurers PMI and Genworth Financial are braced for a slowdown in business, reported The Australian... READ MORE

LJ Hooker to add 100 loan consultants

by Staff Reporter • 17 Jun 2008
100 loan consultants will join LJ Hooker’s real estate network by the end of the year in response to an increase... READ MORE

Suncorp to focus on growth in booming WA

by Staff Reporter • 17 Jun 2008
Banking group Suncorp will close five of its retail banking branches in regional NSW and its Bendigo branch in... READ MORE

Stamp duty for first home buyers should be axed: Senate committee

by Staff Reporter • 17 Jun 2008
A Senate Select Committee chaired by Liberal senator Marise Payne has recommended that stamp duty exemptions be... READ MORE

RBA governor stresses need for moderation

by Staff Reporter • 17 Jun 2008
In a speech to the American Chamber of Commerce on Friday, RBA governor Glenn Stevens once again emphasised the need... READ MORE

Clearance rates still struggle

by Staff Reporter • 17 Jun 2008
Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from... READ MORE

Commission cuts drive broker support for non-banks

by Staff Reporter • 17 Jun 2008

Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.

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Population explosion to drive rents up

by Staff Reporter • 16 Jun 2008
Record high national population growth is expected to fuel strong rental increases in most capital cities across... READ MORE

G-8 ministers warn of global inflation risk

by Staff Reporter • 16 Jun 2008

Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.

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Commercial clearance rates sink in May

by Staff Reporter • 14 Jun 2008
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling... READ MORE

Jobs fall 37.2 pc in banking, mortgages

by Staff Reporter • 14 Jun 2008
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index... READ MORE

No immediate commission cuts expected: Adelaide, ING

by Staff Reporter • 13 Jun 2008
With ANZ the only big five bank yet to announce changes to broker commissions, the second tier banks have now taken... READ MORE

BankWest opens first of 50 new retail stores

by Staff Reporter • 12 Jun 2008

BankWest yesterday unveiled the first of more than 50 new Victorian retail stores.

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US loan application volumes improve

by Staff Reporter • 12 Jun 2008
The US mortgage market has showed signs of improvement, data from the Mortgage Bankers Association (MBA) showed... READ MORE

Consumer confidence plunges unexpectedly

by Staff Reporter • 12 Jun 2008
Consumer sentiment took an unanticipated 5.6 per cent plunge in June, the Westpac Melbourne Institute Index of... READ MORE

Government unveils Housing Affordability Fund

by Staff Reporter • 12 Jun 2008
The Rudd government yesterday released the technical paper on its $512 million Housing Affordability Fund, which will... READ MORE

Commercial finance commitments continue downward trend

by Staff Reporter • 12 Jun 2008
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted... READ MORE

Macquarie?s first 2008 no- and low-doc RMBS rated AAA

by Staff Reporter • 12 Jun 2008
The class A notes of Macquarie’s first no- and low-doc RMBS issue for the year was today assigned a... READ MORE

ANZ in commission restructure talks

by Staff Reporter • 11 Jun 2008
Consultation about possible changes to its commissions structure is currently underway between ANZ and broker groups,... READ MORE

Lehman Brothers to deliver shock quarterly loss

by Staff Reporter • 11 Jun 2008
Lehman Brothers announced overnight that it expected a second quarter loss of US$2.8 billion ($2.95 billion), which... READ MORE

Suncorp latest to change broker commissions

by Staff Reporter • 11 Jun 2008
Suncorp confirmed today that it will introduce a new broker commission structure designed to reward "persistent,... READ MORE

New legislation should encompass ?inextricably linked? credit...

by Staff Reporter • 11 Jun 2008
The FBAA yesterday called on the Federal government to broaden the scope of its proposed financial services sector... READ MORE

Non-bank market share slides in April

by Staff Reporter • 10 Jun 2008
In further evidence that the non-bank sector has been hit hard by current market conditions, ABS figures released... READ MORE

Broker numbers to drop by 30pc

by Staff Reporter • 10 Jun 2008
Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears... READ MORE
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