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Queensland affordability slumps
by Staff Reporter • 19 Jun 2008
Figures released by RP Data have shown that on average Queenslanders contributed more than 40 per cent of their salary...READ MORE
St George completes funding requirements for 2008
by Staff Reporter • 19 Jun 2008
St George yesterday announced that had completed 100 per cent of its financial year 2008 term wholesale funding... READ MORE
GMAC-RFC suspends funding
by Staff Reporter • 19 Jun 2008
Effective 10.30 a.m. today GMAC-RFC (GMAC) ceased funding new loans while it undergoes a “strategic... READ MORE
RBA economic outlook reveals rates likely to remain stable
by Staff Reporter • 19 Jun 2008
Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in... READ MORE
Heritage Building Society to raise $95m
by Staff Reporter • 18 Jun 2008
Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.
READ MORE
Residential loan performance slides: Moody's
by Staff Reporter • 18 Jun 2008
Spiralling average loan sizes and LVRs over the last three years could spell trouble for lenders, Moody’s... READ MORE
Mortgage insurers predict slowdown
by Staff Reporter • 17 Jun 2008
Mortgage insurers PMI and Genworth Financial are braced for a slowdown in business, reported The Australian... READ MORE
LJ Hooker to add 100 loan consultants
by Staff Reporter • 17 Jun 2008
100 loan consultants will join LJ Hooker’s real estate network by the end of the year in response to an increase... READ MORE
Suncorp to focus on growth in booming WA
by Staff Reporter • 17 Jun 2008
Banking group Suncorp will close five of its retail banking branches in regional NSW and its Bendigo branch in... READ MORE
Stamp duty for first home buyers should be axed: Senate committee
by Staff Reporter • 17 Jun 2008
A Senate Select Committee chaired by Liberal senator Marise Payne has recommended that stamp duty exemptions be... READ MORE
RBA governor stresses need for moderation
by Staff Reporter • 17 Jun 2008
In a speech to the American Chamber of Commerce on Friday, RBA governor Glenn Stevens once again emphasised the need... READ MORE
Clearance rates still struggle
by Staff Reporter • 17 Jun 2008
Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from... READ MORE
Commission cuts drive broker support for non-banks
by Staff Reporter • 17 Jun 2008
Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.
READ MORE
Population explosion to drive rents up
by Staff Reporter • 16 Jun 2008
Record high national population growth is expected to fuel strong rental increases in most capital cities across... READ MORE
G-8 ministers warn of global inflation risk
by Staff Reporter • 16 Jun 2008
Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.
READ MORE
Commercial clearance rates sink in May
by Staff Reporter • 14 Jun 2008
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling... READ MORE
Jobs fall 37.2 pc in banking, mortgages
by Staff Reporter • 14 Jun 2008
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index... READ MORE
No immediate commission cuts expected: Adelaide, ING
by Staff Reporter • 13 Jun 2008
With ANZ the only big five bank yet to announce changes to broker commissions, the second tier banks have now taken... READ MORE
BankWest opens first of 50 new retail stores
by Staff Reporter • 12 Jun 2008
BankWest yesterday unveiled the first of more than 50 new Victorian retail stores.
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US loan application volumes improve
by Staff Reporter • 12 Jun 2008
The US mortgage market has showed signs of improvement, data from the Mortgage Bankers Association (MBA) showed... READ MORE
Consumer confidence plunges unexpectedly
by Staff Reporter • 12 Jun 2008
Consumer sentiment took an unanticipated 5.6 per cent plunge in June, the Westpac Melbourne Institute Index of... READ MORE
Government unveils Housing Affordability Fund
by Staff Reporter • 12 Jun 2008
The Rudd government yesterday released the technical paper on its $512 million Housing Affordability Fund, which will... READ MORE
Commercial finance commitments continue downward trend
by Staff Reporter • 12 Jun 2008
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted... READ MORE
Macquarie?s first 2008 no- and low-doc RMBS rated AAA
by Staff Reporter • 12 Jun 2008
The class A notes of Macquarie’s first no- and low-doc RMBS issue for the year was today assigned a... READ MORE
ANZ in commission restructure talks
by Staff Reporter • 11 Jun 2008
Consultation about possible changes to its commissions structure is currently underway between ANZ and broker groups,... READ MORE
Lehman Brothers to deliver shock quarterly loss
by Staff Reporter • 11 Jun 2008
Lehman Brothers announced overnight that it expected a second quarter loss of US$2.8 billion ($2.95 billion), which... READ MORE
Suncorp latest to change broker commissions
by Staff Reporter • 11 Jun 2008
Suncorp confirmed today that it will introduce a new broker commission structure designed to reward "persistent,... READ MORE
New legislation should encompass ?inextricably linked? credit...
by Staff Reporter • 11 Jun 2008
The FBAA yesterday called on the Federal government to broaden the scope of its proposed financial services sector... READ MORE
Non-bank market share slides in April
by Staff Reporter • 10 Jun 2008
In further evidence that the non-bank sector has been hit hard by current market conditions, ABS figures released... READ MORE
Broker numbers to drop by 30pc
by Staff Reporter • 10 Jun 2008
Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears... READ MORE
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