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New home sales still struggle
by Staff Reporter • 26 Sep 2008
New home sales fell 1.3 per cent in August, HIA data showed yesterday.
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Australian financial system weathers credit crisis: RBA
by Staff Reporter • 25 Sep 2008
The Australian financial system remains largely shielded from the international turmoil that has battered others... READ MORE
US financial crisis prompts further FBI investigations
by Staff Reporter • 25 Sep 2008
The FBI has expanded its corporate fraud inquiries as the Wall Street financial crisis burgeons and questions mount as... READ MORE
AIG's multi-billion dollar loan signed off
by Staff Reporter • 25 Sep 2008
American International Group (AIG) has announced that it has signed a definitive agreement with the Federal Reserve... READ MORE
Strong migration hurts affordability
by Staff Reporter • 25 Sep 2008
The outlook for housing affordability remains bleak as the national population grows at a record pace and construction... READ MORE
Bleak outlook for NSW property market
by Staff Reporter • 25 Sep 2008
New South Wales is close to recession and the housing market at risk of a serious downturn, Westpac senior economist... READ MORE
RBA acts to improve liquidity
by Staff Reporter • 25 Sep 2008
In a move to bolster Australia’s financial sector the RBA has established temporary reciprocal currency swap... READ MORE
Banks' home loans share up; profits remain strong
by Staff Reporter • 24 Sep 2008
Australian banks remain healthy and profitable in stark contrast to the US financial sector according to APRA figures... READ MORE
Australia?s economy well managed
by Staff Reporter • 24 Sep 2008
Australia is well placed to weather the global downturn and contain inflationary pressures according to the... READ MORE
US bail-out plan only way to save economy: IMF
by Staff Reporter • 24 Sep 2008
As legislatures continue to debate the US government’s proposed financial sector bail-out, the IMF has backed... READ MORE
Last investment banks fall under Fed?s control
by Staff Reporter • 23 Sep 2008
Wall Street’s two remaining investment banks will now operate under the supervision of the Federal Reserve as... READ MORE
No guarantee borrowers will see 25bp October rate cut: Challenger
by Staff Reporter • 23 Sep 2008
Australian lenders are unlikely to pass on a full rate cut to borrowers next month as funding conditions... READ MORE
Australia?s Lehman Brothers finds new parent
by Staff Reporter • 23 Sep 2008
Japan’s Nomura Holdings will buy the Asia Pacific branches of Lehman Brothers, including the Australian branch,... READ MORE
G7 supports US rescue plan
by Staff Reporter • 23 Sep 2008
The G7 has backed the United States’ US$700 billion (AU$870 billion) plan to tackle global credit market... READ MORE
No sign of financial crisis hitting Oz: Melbourne Institute
by Staff Reporter • 22 Sep 2008
The pace of national economic growth continues to slow but there is no
indication that financial chaos in the United... READ MORE
Fast action essential for multi-billion dollar financial US rescue...
by Staff Reporter • 22 Sep 2008
The US treasury’s US$700 billion (A$870 billion) financial rescue plan announced Friday prompted a strong US... READ MORE
Major banks back first home saver accounts
by Staff Reporter • 22 Sep 2008
ANZ and CBA have agreed to offer first home saver accounts which the Government hopes will boost the number of first... READ MORE
Auction activity down
by Staff Reporter • 22 Sep 2008
Prospective buyers have stayed away from the auctions again this weekend as auction clearance rates continue to... READ MORE
Rents to jump as property supply falls
by Staff Reporter • 19 Sep 2008
Rising rental yields may catch the eye of investors as the housing shortage grows and the share market wobbles.
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Soft landing tipped for residential property
by Staff Reporter • 19 Sep 2008
Australian property fell further in August, but a widespread collapse in property prices is not on the cards,... READ MORE
Strong case for October rate cut: ACCI, Westpac
by Staff Reporter • 19 Sep 2008
General business confidence declined to its lowest level since 2003, the Australian Chamber of Commerce and Industry... READ MORE
BankWest parent welcomes acquisition
by Staff Reporter • 19 Sep 2008
HBOS Australia has welcomed the £12.2 billion (A$27.6 billion) acquisition of its UK parent HBOS by Lloyds... READ MORE
Mining sector health clouds ?decidedly bleaker? economic growth...
by Staff Reporter • 18 Sep 2008
The case for the RBA to reduce the cash rate in October has strengthened as the mining boom distorts a real slowdown... READ MORE
Investors, first homebuyers could lead market recovery
by Staff Reporter • 18 Sep 2008
The mortgage industry remains hopeful that the September rate cut could prompt an upswing in activity though the jury... READ MORE
Australia?s appetite for debt might shrink: RBA
by Staff Reporter • 18 Sep 2008
Australians’ borrowing habits could be on the verge of a significant change, according to the Reserve... READ MORE
Britain?s biggest mortgage lender forced to sell
by Staff Reporter • 18 Sep 2008
Lloyds TSB Group has reportedly agreed to purchase Britain’s biggest mortgage lender HBOS for around £12... READ MORE
Barclays to acquire Lehman assets
by Staff Reporter • 17 Sep 2008
Barclays announced today that it has agreed to purchase Lehman Brothers’ North American investment banking and... READ MORE
Mortgage Choice cuts costs and senior management
by Staff Reporter • 17 Sep 2008
In a bid to reduce its expense base and refocus management resources on direct support for its franchise networks,... READ MORE
Federal Reserve makes billion dollar rescue loan for AIG
by Staff Reporter • 17 Sep 2008
The US Federal Reserve has agreed to lend up to US$85 billion (A$105 billion) to AIG as an emergency loan for the... READ MORE
Nationwide cracks 250 broker milestone
by Staff Reporter • 17 Sep 2008
Mortgage manager Nationwide Lending announced this week that it has accredited more than 250 brokers.
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