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Business conditions steady but outlook weak
by Staff Reporter • 15 Oct 2008
Business conditions and confidence remained relatively stable in September, despite international financial turmoil,... READ MORE
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$4b RMBS investment scheme under way
by Staff Reporter • 15 Oct 2008
Plans to reinvigorate non-bank lending are on track with the Australian Office of Financial Management (AOFM) inviting... READ MORE
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Suncorp shelves sale for now
by Staff Reporter • 15 Oct 2008
In light of “changed” financial sector circumstances Suncorp has concluded discussions with prospective... READ MORE
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Government unveils boost to homebuyers
by Staff Reporter • 14 Oct 2008
The government today announced an emergency $10.4 billion package to boost consumer confidence and economic growth in... READ MORE
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MGIC stake up for grabs
by Staff Reporter • 14 Oct 2008
Mortgage insurer MGIC Australia is ready to sell a $100 million stake in its business. According to The Australian... READ MORE
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Government budget initiatives to ward off slowdown
by Staff Reporter • 14 Oct 2008
The government will consider revised budget initiatives to boost consumer confidence and economic growth in the face... READ MORE
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Markets soar on G7 pledge
by Staff Reporter • 14 Oct 2008
World equity markets rocketed over night as investors flooded back to capitalise on bargain share prices. In the US... READ MORE
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Commercial lending suffers
by Staff Reporter • 14 Oct 2008
Low consumer and business sentiment and a weakening economy were reflected in a downturn in finance activity in... READ MORE
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Firstfolio to buy eChoice
by Staff Reporter • 14 Oct 2008
Firstfolio Ltd today announced that it has entered into an agreement to acquire up to 100 per cent of online mortgage... READ MORE
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Mortgage holders still confident about financial position
by Staff Reporter • 13 Oct 2008
Mortgage Choice’s Financial Temperature Check Survey has found that despite the international credit crunch and... READ MORE
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Canberra broker admits to fraud
by Staff Reporter • 13 Oct 2008
A broker has pleaded guilty to a range of fraud offensives following a probe by ASIC. READ MORE
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Funding costs ease
by Staff Reporter • 13 Oct 2008
Australian funding costs have eased following the government’s announcement that it would guarantee bank... READ MORE
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Suncorp fails to attract buyer
by Staff Reporter • 13 Oct 2008
Suncorp has shelved plans to auction off its banking and wealth management operations after receiving only one bid... READ MORE
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Bush rallies G7 to fight global financial instability
by Staff Reporter • 13 Oct 2008
The G7 nations have pledged to take “decisive action” against the global financial crisis, following their... READ MORE
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Weekend auctions disappoint
by Staff Reporter • 13 Oct 2008
Last week’s one per cent rate cut failed to inspire property buyers in a sluggish weekend for property... READ MORE
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Government guarantees bank deposits
by Staff Reporter • 13 Oct 2008
In a move to sure up confidence in the domestic banking system the federal government announced yesterday that it will... READ MORE
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BOQ profits dip
by Staff Reporter • 10 Oct 2008
Bank of Queensland has suffered a 2 percent fall in profits for the 2008 fiscal year however the bank remains in a... READ MORE
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Asian central banks cut rates
by Staff Reporter • 10 Oct 2008
Fear of the global financial crisis has spread through Asia prompting several central banks to cut rates following the... READ MORE
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Jobs fall as economy slows
by Staff Reporter • 10 Oct 2008
Rising unemployment will place further pressure on the RBA to cut rates further next month as the Australian economy... READ MORE
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Confidence to return to property market: RP Data
by Staff Reporter • 10 Oct 2008
The residential property market may have reached the bottom of its downward cycle RP Data predicted yesterday. Tim... READ MORE
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RAMS undercuts major banks with rate cut
by Staff Reporter • 9 Oct 2008
RAMS Home Loans has moved quickly to pass on 0.9 per cent of the Reserve Bank’s October one per cent official... READ MORE
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Brokers? market share up
by Staff Reporter • 9 Oct 2008
Despite tough market conditions brokers continue to grow their share of the home loan market, an industry report has... READ MORE
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Tiffen and Co and The Mortgage Detective merge
by Staff Reporter • 9 Oct 2008
Canberra brokerages Tiffen and Co and The Mortgage Detective yesterday announced they had come together to form what... READ MORE
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Housing finance hits seven year low
by Staff Reporter • 9 Oct 2008
Home loan approvals fell to a seven year low in August as the official cash rate peaked at 7.25 per cent. ABS data... READ MORE
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Central banks move to contain worsening crisis
by Staff Reporter • 9 Oct 2008
Interest rates have been cut across the world over night in a coordinated move by central banks to counter the... READ MORE