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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
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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
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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
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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
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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
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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
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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
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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 cent. READ MORE
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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
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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
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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
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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
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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 today. READ MORE
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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
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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
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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
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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
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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
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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