Breaking News
Westpac follows NAB with rate hike over RBA increase
by • 8 Mar 2008
Westpac lifted the interest rate on its standard variable home loan today by 30 basis points.
READ MORENAB first major bank to push above RBA rate rise
by • 7 Mar 2008
National Australia Bank (NAB) was the first big bank to make a move on interest rates yesterday, increasing its... READ MORE
CBD office yields to soften but markets will remain strong
by • 7 Mar 2008
The credit squeeze may result in some easing of investment yields in domestic CBD office markets but is unlikely to... READ MORE
English interest rates held steady
by • 7 Mar 2008
The Bank of England’s (BoE) Monetary Policy Committee left rates unchanged at 5.25 per cent overnight.
READ MORENZ rates unchanged
by • 6 Mar 2008
The Reserve Bank of New Zealand (RBNZ) left its official cash rate unchanged today at 8.25 per cent.
READ MOREBanks may have to cut back on loans: RBA
by • 6 Mar 2008
RBA officials yesterday warned that domestic banks might have to restrict the amount of money they lend to customers.... READ MORE
Adelaide Bank lifts wholesale rate over RBA hike
by • 6 Mar 2008
Adelaide Bank has moved to lift its wholesale mortgage rate by 40 basis points following yesterday’s official... READ MORE
City Pacific requests trading halt as shares plummet
by • 5 Mar 2008
Loan provider City Pacific yesterday requested a two day trading halt as its shares lost almost half their value to... READ MORE
Rate rise a blow to investor activity
by • 5 Mar 2008
Yesterday’s lift in interest rates to a 12-year high is likely to dampen any potential increase in property... READ MORE
Macquarie to wind-back residential mortgage originations
by • 5 Mar 2008
Macquarie Bank announced this morning that Macquarie Securitisation will wind-back its residential mortgage... READ MORE
Interest rates up to 7.25 per cent
by • 5 Mar 2008
The RBA lifted interest rates by a further 0.25 per cent today in a bid to curb rising inflation.
READ MOREGovernment doubles investor incentive scheme
by • 4 Mar 2008
The federal government has doubled its National Rental Affordability Scheme – reflecting the “severity of... READ MORE
Package deals dominate new mortgage applications
by • 4 Mar 2008
Mortgage packages now account for half of all new mortgages in Australia, market analyst Datamonitor announced... READ MORE
Absent overseas investors hobble domestic RMBS
by • 4 Mar 2008
Australia’s reliance on offshore investors is stifling local RMBS activity, despite the underlying health of the... READ MORE
US banking regulator tightens mortgage data reporting requirements
by • 3 Mar 2008
Nine of the United States’ biggest banks will now be required to submit monthly mortgage data to federal... READ MORE
Inner-Sydney apartment market to begin gradual recovery
by • 3 Mar 2008
Demand for Sydney’s inner-city apartments is predicted to increase slightly this year with a more pronounced... READ MORE
Bluestone to issue two RMBS deals
by • 3 Mar 2008
Bluestone is set to brave the capital markets in what may be the first major RMBS deals of 2008, The Australian... READ MORE
No new applications for Mobius
by • 3 Mar 2008
White label lender Mobius has ceased to accept new mortgage applications.
READ MOREStrong deposit growth pays off for HBOS
by • 29 Feb 2008
HBOS Australia, which operates BankWest, yesterday announced a 15 per cent rise in underlying profit to $757 million... READ MORE
Tax credits offered to encourage affordable housing investment
by • 29 Feb 2008
The federal government will begin a tax credit scheme to stimulate investment in affordable housing, federal housing... READ MORE
Rents as high as loan repayments in some Australian states
by • 29 Feb 2008
Housing affordability continued to worsen in the December quarter, the Real Estate Institute of Australia (REIA) and... READ MORE
Data providers criticised for conflicting house price values
by • 29 Feb 2008
Residential property data providers have come under criticism for wide ranging differences in house price... READ MORE
Suncorp profit down, but lending growth strong
by • 28 Feb 2008
Diversified financial services group Suncorp reported a first half net profit of $382 million today.
READ MORETransparency key to improving investors? confidence in finance sector
by • 28 Feb 2008
As many financial companies continue to suffer from wavering investor confidence, chief executive of National... READ MORE
Bright results for non-banks despite tough mortgage market
by • 28 Feb 2008
While battered international institutions flag losses amid global market turbulence, February revealed positive... READ MORE
Allco set to offload Mobius
by • 27 Feb 2008
Allco Finance Group (Allco) has faced a tumultuous few days since reporting its half year results on Monday.
READ MOREThe Rock delivers on-track profit
by • 27 Feb 2008
The Rock Building Society yesterday reported a net profit after tax of $2.27 million for the half year to 31 December... READ MORE
RHG announces half year profit result
by • 27 Feb 2008
RHG Limited yesterday announced a half year profit of $22.6 million. Consolidated profit after income tax for the... READ MORE
Strong half year profit for Homeloans Ltd
by • 27 Feb 2008
Homeloans Ltd today announced a half year net profit of $2.269 million, an increase of 230 per cent on the restated... READ MORE
Banks profit from commercial lending: NAB
by • 26 Feb 2008
Deterioration of the credit markets is resulting in increased commercial lending business at attractive profit margins... READ MORE

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