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BankWest joins St George in new round of rate rises
by Staff Reporter • 10 Jul 2008
BankWest has become the second bank to increase the rate on its standard variable mortgage products independent of any...READ MORE
Australian business confidence lowest since 9/11
by Staff Reporter • 9 Jul 2008
Business conditions and sentiment deteriorated sharply in June, NAB’s monthly Business Survey and Economic... READ MORE
Housing finance commitments continue downward spiral
by Staff Reporter • 9 Jul 2008
The value of housing finance activity declined again in May, figures from the ABS revealed today.
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Barclays cuts sub-prime loan products
by Staff Reporter • 9 Jul 2008
The UK's fourth largest bank will stop selling new loans through its sub-prime loans unit and plans to cut around 300... READ MORE
Housing supply to deteriorate further
by Staff Reporter • 9 Jul 2008
The prospect of an improvement in dwelling supply now appears further away than ever as builder sentiment plunged in... READ MORE
Big banks to spend billions on IT
by Staff Reporter • 9 Jul 2008
The big four banks will invest heavily in IT in a bid to update old systems and better compete with online... READ MORE
Brokers remain confident despite rate rise fears
by Staff Reporter • 9 Jul 2008
Brokers are braced for a fresh wave of bank rate hikes in the wake of St George’s 20 basis point rise to its... READ MORE
US house prices down, but improvement apparent
by Staff Reporter • 8 Jul 2008
Almost all US housing markets suffered a decrease in value, figures from Radar Logic revealed yesterday.
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Banks? profits to shrink unless rates rise
by Staff Reporter • 8 Jul 2008
The big four banks stand to suffer significant losses if they don’t follow St George’s lead and raise... READ MORE
Construction activity declines further, unlikely to pick up soon
by Staff Reporter • 7 Jul 2008
The already tight supply of residential dwellings is set to contract further as construction activity continues to... READ MORE
MFAA welcomes COAG agreement on regulation
by Staff Reporter • 7 Jul 2008
The MFAA has supported the Council of Australian Government’s (COAG) decision that the Federal government... READ MORE
SME's credit demand slides
by Staff Reporter • 7 Jul 2008
A drop in business confidence, the credit crunch and a decrease in SME’s need to debt has resulted in a... READ MORE
St George hikes rates by 20bps
by Staff Reporter • 7 Jul 2008
St George announced a 20 basis points increase to its standard variable home loan rate on Friday to 9.67 per... READ MORE
Pepper cuts sales jobs; recruits operations staff
by Staff Reporter • 4 Jul 2008
A drop in volumes has forced Pepper Homeloans to axe six staff in its sales and sales support divisions this... READ MORE
National recession for mortgage sales
by Staff Reporter • 4 Jul 2008
National mortgage sales have fallen into a recession according to sales figures released by the Australian Financial... READ MORE
Single e-conveyancing system finally gets go ahead
by Staff Reporter • 4 Jul 2008
The Council of Australian Governments (COAG) yesterday agreed to the establishment of a national e-conveyancing... READ MORE
COAG agrees on federal regulation of financial services
by Staff Reporter • 4 Jul 2008
The Commonwealth government yesterday reached an agreement with State and Territory governments to assume... READ MORE
ING rations wholesale funding
by Staff Reporter • 4 Jul 2008
IING DIRECT told mortgage managers this week that it has capped the amount of wholesale funds it will make available... READ MORE
Building approvals down in May
by Staff Reporter • 3 Jul 2008
Dwelling approvals suffered a significant 6.5 per cent fall in May, seasonally adjusted, ABS figures revealed... READ MORE
Arrears on rise in local RMBS market
by Staff Reporter • 3 Jul 2008
Prime residential mortgage arreas rose for the fifth consecutive month in April, according to Standard &... READ MORE
Commercial property activity slumps to lowest in 15 years
by Staff Reporter • 3 Jul 2008
Commercial property sales fell 60 per cent in the first half of 2008 compared to the first half of 2007, according to... READ MORE
Adelaide Bank restructures commissions
by Staff Reporter • 3 Jul 2008
Adelaide Bank this afternoon revealed a new “simple, predictable and sustainable” broker commissions... READ MORE
Bank of America buys Countrywide
by Staff Reporter • 2 Jul 2008
Embattled US home lender Countrywide Financial Corp has been purchased by Bank of America (BoA) for an estimated 37... READ MORE
E-conveyancing meets more road blocks
by Staff Reporter • 2 Jul 2008
Plans for a single national system for electronic property transaction settlements is set to meet resistance from the... READ MORE
New wave of borrowers heading for mortgage stress
by Staff Reporter • 2 Jul 2008
Australia is expected to experience a significant rise in mortgage stress as a wave of borrowers move off their fixed... READ MORE
Rates remain on hold, for now
by Staff Reporter • 2 Jul 2008
Mortgage businesses can rest easy for another month as the RBA left rates unchanged this afternoon.
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Housing credit growth slowest since 1991
by Staff Reporter • 1 Jul 2008
Housing finance growth figures fell in May to their lowest level in 17 years, the RBA revealed today.
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A million homes needed by 2013
by Staff Reporter • 1 Jul 2008
Australia will need another one million homes built over the next five years to accommodate its growing... READ MORE
National house values stable
by Staff Reporter • 1 Jul 2008
Despite market sentiment that property prices were likely to slide, values have remained steady for the first five... READ MORE
Rates under pressure: gloabl economic instability
by Staff Reporter • 1 Jul 2008
The Bank of International Settlements’ annual report has warned that the global economy is under serious... READ MORE
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