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25bp rate cut a start but more needed to spark market revival
by Staff Reporter • 12 Aug 2008
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could...READ MORE
Adelaide and Bendigo deliver solid profit
by Staff Reporter • 12 Aug 2008
In its first annual result since merging last year, Bendigo and Adelaide Bank Ltd have delivered a $170.5 million... READ MORE
Prospects for rate cut increasing: RBA
by Staff Reporter • 12 Aug 2008
An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary... READ MORE
ANZ cuts fixed rates by up to 50bps
by Staff Reporter • 12 Aug 2008
“An easing of short-term money market rates” has prompted ANZ to cut its fixed home and residential... READ MORE
PMI Australia?s Q2 results dip
by Staff Reporter • 11 Aug 2008
PMI Australia reported a net income of $24 million for the second quarter of 2008 on Friday.
READ MORE
Lacklustre weekend auctions
by Staff Reporter • 11 Aug 2008
Hopes of an interest rate cut have yet to translate to the property markets the weekend’s auction results have... READ MORE
ING DIRECT rationalises broker servicing and distribution
by Staff Reporter • 9 Aug 2008
ING DIRECT announced last week that it will directly service all accredited broker groups using its own business... READ MORE
Bank of England holds rates at 5pc
by Staff Reporter • 9 Aug 2008
The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per... READ MORE
New Opportune product to ?challenge? banks on price
by Staff Reporter • 8 Aug 2008
Opportune Home Loans is the latest mortgage manager to announce the
launch of a new home loan designed to compete with... READ MORE
Refinancing hits record high
by Staff Reporter • 8 Aug 2008
Refinancing business has soared in July according to figures released by AFG today.
READ MORE
Lending activity tipped to strengthen
by Staff Reporter • 8 Aug 2008
Brighter times may lie ahead for brokers as the RBA eases its stance on rates, but Australia’s property market... READ MORE
Rate cuts to boost broker refinancing business
by Staff Reporter • 8 Aug 2008
Refinancing activity is tipped to soar in coming months as interest rates look almost certain to fall.
READ MORE
Unemployment rate unchanged in July
by Staff Reporter • 8 Aug 2008
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed... READ MORE
Non-bank market share edges up
by Staff Reporter • 7 Aug 2008
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed... READ MORE
RESIMAC issues its first RMBS for 2008
by Staff Reporter • 7 Aug 2008
Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.
READ MORE
Freddie?s losses soar Q2
by Staff Reporter • 7 Aug 2008
Freddie Mac announced an enormous second quarter loss of US$821 million
(A$902 million) overnight, a significant... READ MORE
Mortgage brokers popular with first home buyers
by Staff Reporter • 7 Aug 2008
Mortgage brokers are close to the banks as the favoured first point of
contact for mortgage advice for first time... READ MORE
Australians continue to shy away from property commitments: ABS
by Staff Reporter • 7 Aug 2008
The number of Australians who committed to a home loan declined again in June to just 50,294.
READ MORE
Northern Rock posts H1 loss
by Staff Reporter • 6 Aug 2008
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months... READ MORE
US rates steady at 2pc
by Staff Reporter • 6 Aug 2008
The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent.
Industry jobs squeezed in half: Olivier Job Index
by Staff Reporter • 6 Aug 2008
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index... READ MORE
Rate cuts on the cards: RBA
by Staff Reporter • 6 Aug 2008
The RBA today left the official cash rate unchanged at 7.25 per cent but cuts might not be far away.
READ MORE
Australian executives braced for tough times
by Staff Reporter • 5 Aug 2008
Australian business confidence has dropped rapidly as economic conditions show signs of further deterioration.
READ MORE
HSBC reports steep profit decline
by Staff Reporter • 5 Aug 2008
Europe’s largest bank by market value HSBC yesterday reported a steep fall in profit for the first half of the... READ MORE
Job market shrinks
by Staff Reporter • 5 Aug 2008
Job ads continued to fall in July but the overall rate of decline has slowed compared to previous months, ANZ’s... READ MORE
AFM product to ?compete with banks?
by Staff Reporter • 5 Aug 2008
Amid a tough funding environment mortgage manager Australian First Mortgage (AFM) yesterday unveiled a new product... READ MORE
Banks using credit crunch to bolster profits: InfoChoice
by Staff Reporter • 4 Aug 2008
Banks’ profit margins rose by 30 per cent in the last six months to July from 135 bps in January to 180 bps,... READ MORE
Dwelling construction fails to keep up with immigration
by Staff Reporter • 4 Aug 2008
BIS Shrapnel’s latest building activity forecast report released today said a surge in engineering construction... READ MORE
Suncorp forecasts profit decline
by Staff Reporter • 1 Aug 2008
Suncorp’s net profit for the for the 12 month period to 30 June 2008 should be between $525 and $550 million,... READ MORE
HBOS profit dips but BankWest expansion to continue
by Staff Reporter • 1 Aug 2008
HBOS Australia today announced a $325 million profit before tax for the six months to 30 June 2008.
READ MORE
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