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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
Outlook bleak for Australian businesses
by Staff Reporter • 10 Jun 2008
The Australian business community has bleak expectations for the September quarter, Dun & Bradstreet’s... READ MORE
House prices plummet
by Staff Reporter • 10 Jun 2008
Australian house values experienced the largest quarterly fall in five years during the March quarter, according to... READ MORE
SA first home buyers granted stamp duty relief
by Staff Reporter • 6 Jun 2008
South Australian first home buyers will benefit from a $4,000 stamp duty grant in a new measure announced in the... READ MORE
Inquiry launched into the lending industry
by Staff Reporter • 6 Jun 2008
The House of Representatives economics committee yesterday launched an inquiry into the Australian banking... READ MORE
Mobius ratings on CreditWatch negative
by Staff Reporter • 6 Jun 2008
In more bad news for Mobius, Standard & Poor’s Ratings Service this week placed the ratings on several of... READ MORE
Macquarie pulls back on personal loans
by Staff Reporter • 5 Jun 2008
Macquarie Consumer Finance confirmed with Mortgage Business today that it will discontinue originating its fixed-rate... READ MORE
GDP growth rate slows
by Staff Reporter • 5 Jun 2008
Gross domestic product (GDP) rose a surprising 0.6 per cent, seasonally adjusted, in the March quarter ABS data... READ MORE
Current under-building to leave decade long housing shortage
by Staff Reporter • 5 Jun 2008
Australia’s current slump in residential construction will leave a legacy of insufficient dwelling stock for the... READ MORE
May mortgage sales reveal plummeting borrower confidence
by Staff Reporter • 5 Jun 2008
Mortgage sale figures released by the Australian Finance Group (AFG) yesterday revealed a dramatic fall in consumer... READ MORE
Green Paper brings national regulation one step closer
by Staff Reporter • 5 Jun 2008
The minister for Superannuation and Corporate Law, Senator Nick Sherry, yesterday released the Green Paper for... READ MORE
Monopolised aggregation industry a danger
by Staff Reporter • 5 Jun 2008
Consolidation across the industry may be imminent but association heads have voiced concerns over a monopolised... READ MORE
BankWest quashes HBOS funding rumours
by Staff Reporter • 4 Jun 2008
BankWest has denied rumours its east coast expansion is under threat because of funding pressures on its parent... READ MORE
Queensland budget delivers measures to improve affordability
by Staff Reporter • 4 Jun 2008
The New South Wales budget failed to provide any direct measures to assist home buyers yesterday, but in Queensland... READ MORE
Building approvals up but no real recovery ahead
by Staff Reporter • 4 Jun 2008
Building approvals picked up significantly in April, data from the ABS showed yesterday.
READ MORE
Interest rates remain on hold
by Staff Reporter • 4 Jun 2008
The RBA left interest rates unchanged today at 7.25 per cent as opposing forces once again left considerable... READ MORE
BankWest sale rumoured
by Staff Reporter • 3 Jun 2008
BankWest could be up for sale as rumour circulates that its parent company HBOS is coming under severe cost... READ MORE
RAMS franchisees take Westpac to the ACCC
by Staff Reporter • 3 Jun 2008
More than a third of RAMS Home Loan's 60 franchisees are headed for mediation with Westpac this week with claims... READ MORE
American housing markets suffer price declines
by Staff Reporter • 3 Jun 2008
Eighty four per cent of America’s housing markets suffered price declines over the first quarter of 2008, data... READ MORE
National property values stagnate
by Staff Reporter • 3 Jun 2008
April property figures from RP Data have confirmed the nation’s property markets are softening.
READ MORE
New home sales flat and likely to remain so
by Staff Reporter • 3 Jun 2008
New home sales recorded a 0.1 per cent rise in April, Housing Institute of Australia (HIA) figures revealed... READ MORE
Mixed response to NAB?s commission changes
by Staff Reporter • 2 Jun 2008
NAB’s Thursday announcement of restructured broker commissions has been met with cautious approval from the... READ MORE
Private sector credit slows in April
by Staff Reporter • 2 Jun 2008
Total credit provided to the private sector by financial intermediaries rose by a small 0.4 per cent in April, Reserve... READ MORE
Sluggish weekend for auctions
by Staff Reporter • 2 Jun 2008
Housing markets remain subdued, auction clearance rates for the weekend have revealed.
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IMB winds back third-party distribution of residential loans
by Staff Reporter • 2 Jun 2008
IMB Banking and Financial Services (IMB) has announced the withdrawal of its residential loan products from the broker... READ MORE
Delinquencies no threat to capital markets
by Staff Reporter • 2 Jun 2008
Rising delinquencies are insignificant to any recovery in capital markets, according to Fitch Ratings’ Ben... READ MORE
Mortgage stress low overall but high in certain postcodes
by Staff Reporter • 30 May 2008
Mortgage stress is low on a national basis in Australia but rife in certain regions and postcodes, according to Fitch... READ MORE
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