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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
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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. READ MORE
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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Property prices will not fall 10 per cent: RP Data, Rismark
by Staff Reporter • 1 Aug 2008
Forecasts that house prices will fall by 10 per cent over the coming year are ungrounded, RP Data and Rismark... READ MORE
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Adelaide Bank issues RMBS
by Staff Reporter • 1 Aug 2008
Adelaide Bank this week priced a $502.5 million prime RMBS. READ MORE
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Insurance products gain traction with brokers
by Staff Reporter • 31 Jul 2008
Australian Life Insurance (ALI) today announced it has written over $10 billion in mortgage protection cover via the... READ MORE
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Activity forecast for investor market
by Staff Reporter • 31 Jul 2008
Investors could be a prime target market for brokers as property prices soften and rental values soar. READ MORE
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ASF presses for initiatives to protect securitisation
by Staff Reporter • 31 Jul 2008
The Australian Securitisation Forum (ASF) yesterday reignited calls for the government to address liquidity and... READ MORE
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GE Money to fund AFM
by Staff Reporter • 31 Jul 2008
Australian First Mortgage has bolstered its access to funding through partnering with GE Money Third Party Solutions... READ MORE
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Dwelling approvals continue downward slide
by Staff Reporter • 31 Jul 2008
Dwelling approvals continued to fall in June and are expected to flat line for the period ahead, data released by the... READ MORE
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Plunging business conditions to usher 2009 rate cuts
by Staff Reporter • 30 Jul 2008
Business confidence has fallen to its lowest level since the end of the 1990 recession, NAB’s Quarterly Business... READ MORE
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NZ building plans slump to seven year low
by Staff Reporter • 30 Jul 2008
Building consents in New Zealand continued to decline in June, Statistics New Zealand revealed yesterday. READ MORE
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Country wide house prices falls recorded: APM
by Staff Reporter • 30 Jul 2008
National housing markets recorded their weakest quarter in four years in June, with widespread falls in values... READ MORE
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Calm Melbourne market provides opportunities for buyers
by Staff Reporter • 29 Jul 2008
Melbourne property prices recovered from a fall in the March quarter to register moderate growth over the June... READ MORE
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Connective CBA?s fastest growing aggregation partner
by Staff Reporter • 29 Jul 2008
Mark Haron, a principal of Connective, said yesterday the aggregation group has reached a loan book of $1 billion with... READ MORE
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Mortgage Choice rejects merger bid
by Staff Reporter • 29 Jul 2008
Mortgage Choice yesterday told shareholders it had declined a merger proposal from financial advisory group Count... READ MORE