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St George welcomes increased Westpac offer
by Staff Reporter • 8 Sep 2008
St George today confirmed its unanimous support for revised merger terms with Westpac, which values the bank at $1.25... READ MORE
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US Government seizes mortgage giants
by Staff Reporter • 8 Sep 2008
Fannie Mae and Freddie Mac have been taken over by the US government in one of the country’s most dramatic... READ MORE
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No quick fix for inflation: RBA
by Staff Reporter • 8 Sep 2008
Inflation will remain a threat to the economy for some time yet, RBA governor Glenn Stevens told the House of... READ MORE
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Construction declines further but recovery may be in sight
by Staff Reporter • 5 Sep 2008
National construction activity continued to decline in August, albeit at a more moderated pace, the Australian... READ MORE
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Biggest fall for UK house prices in 25 years
by Staff Reporter • 5 Sep 2008
UK house prices fell by the highest annual rate in a quarter of a century as pressure on household incomes and... READ MORE
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GMAC US downsizes as credit crunch continues
by Staff Reporter • 5 Sep 2008
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Customers generally less satisfied with banks
by Staff Reporter • 5 Sep 2008
Bank customer satisfaction has fallen for three of the big four banks, Roy Morgan Research for July has revealed. READ MORE
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Industry says 25bp cut not enough
by Staff Reporter • 5 Sep 2008
The September cut in the official cash rate has been welcomed as a move in the right direction but the broking... READ MORE
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August sales slump as borrowers ?fence sit?
by Staff Reporter • 4 Sep 2008
Mortgage sales dipped by 20 per cent in August for aggregator AFG, the group’s Mortgage Index revealed... READ MORE
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Bluestone ends originations
by Staff Reporter • 4 Sep 2008
Bluestone has finally ceased originating non-conforming loans as funding costs proved simply too high to continue. READ MORE
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Slowing economy could prompt more rate cuts
by Staff Reporter • 3 Sep 2008
Economic growth figures from the ABS today confirm Australia needed yesterday’s reduction to the cash rate. READ MORE
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Industry associations welcome rate cut
by Staff Reporter • 3 Sep 2008
Industry associations yesterday welcomed the Reserve Bank’s decision to reduce interest rates by 0.25 per cent. READ MORE
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Loan settlements, deposits up for Savings & Loans
by Staff Reporter • 3 Sep 2008
Savings & Loans grew its assets under management to a record $3 billion and grew its deposits and loan settlements... READ MORE
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Homeloans delivers results for FY2008
by Staff Reporter • 3 Sep 2008
Homeloans Ltd over the weekend reported a net profit after tax, before significant items, of $4.7 million, for the... READ MORE
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Lenders swift to pass on RBA rate cut
by Staff Reporter • 3 Sep 2008
Lenders were quick to pass on today’s RBA rate cut of 0.25 per cent, with a flurry of rate announcements coming... READ MORE
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Rate relief finally delivered
by Staff Reporter • 3 Sep 2008
The RBA today cut the official cash rate by 25 basis points to seven per cent – the first reduction in nearly... READ MORE
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Building approvals continue downward slide
by Staff Reporter • 2 Sep 2008
Building approvals for new homes continued to decline in July, figures from the ABS showed today. READ MORE
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Billion dollar RMBS for St George
by Staff Reporter • 2 Sep 2008
St George Bank yesterday issued a $1 billion RMBS deal – the largest RMBS deal so far this year. READ MORE
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Grave forecasts for the UK
by Staff Reporter • 1 Sep 2008
Britain is facing the worst economic downturn in 60 years, Great Britain’s Chancellor Alistair Darling told The... READ MORE
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Housing affordability deteriorates in every state and territory
by Staff Reporter • 1 Sep 2008
Housing affordability for both renters and buyers deteriorated in every state and territory over the June quarter, the... READ MORE
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Property prices slide but sharp fall unlikely: RP Data, Rismark
by Staff Reporter • 1 Sep 2008
The national property market continued to lose ground in July – the national dwelling value now down by 1.81 per... READ MORE
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Auctions slump as buyers await rate cut
by Staff Reporter • 1 Sep 2008
Auction clearance rates remained low across the country over the weekend, as buyers wait for the anticipated... READ MORE
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Wizard first to cut rates
by Staff Reporter • 1 Sep 2008
Wizard Home Loans is the first lender in seven years to cut its standard variable lending rate. READ MORE
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Poor start for new home sales in 2008/09 financial year.
by Staff Reporter • 29 Aug 2008
New home sales dropped by 7.2 per cent in July 2008 according to figures released by HIA this morning, reinforcing... READ MORE
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CBA buys third of Aussie
by Staff Reporter • 29 Aug 2008
The Commonwealth Bank (CBA) today revealed that it has reached an agreement to purchase a 33 per cent stake in Aussie... READ MORE