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June unemployment results better than expected
by Staff Reporter • 10 Jul 2008
Unemployment fell to an unexpected 4.2 per cent in June, from 4.3 per cent in May, as 24,000 more full time jobs were... READ MORE
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RBA must keep rates high: IMF
by Staff Reporter • 10 Jul 2008
The International Monetary Fund (IMF) has urged the RBA to maintain a tight stance of monetary policy in its latest... READ MORE
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Consumer sentiment lowest in 16 years
by Staff Reporter • 10 Jul 2008
Consumer sentiment fell to the lowest level since 1992 in July, the Westpac Melbourne Institute Index of Consumer... READ MORE
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Loan volume slump won?t hurt diversified brokers
by Staff Reporter • 10 Jul 2008
The weakest mortgage approvals in eight years and morbid consumer sentiment have not dented the broking... READ MORE
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BankWest joins St George in new round of rate rises
by Staff Reporter • 10 Jul 2008
BankWest has become the second bank to increase the rate on its standard variable mortgage products independent of any... READ MORE
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Australian business confidence lowest since 9/11
by Staff Reporter • 9 Jul 2008
Business conditions and sentiment deteriorated sharply in June, NAB’s monthly Business Survey and Economic... READ MORE
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Housing finance commitments continue downward spiral
by Staff Reporter • 9 Jul 2008
The value of housing finance activity declined again in May, figures from the ABS revealed today. READ MORE
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Barclays cuts sub-prime loan products
by Staff Reporter • 9 Jul 2008
The UK's fourth largest bank will stop selling new loans through its sub-prime loans unit and plans to cut around 300... READ MORE
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Housing supply to deteriorate further
by Staff Reporter • 9 Jul 2008
The prospect of an improvement in dwelling supply now appears further away than ever as builder sentiment plunged in... READ MORE
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Big banks to spend billions on IT
by Staff Reporter • 9 Jul 2008
The big four banks will invest heavily in IT in a bid to update old systems and better compete with online lenders. READ MORE
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Brokers remain confident despite rate rise fears
by Staff Reporter • 9 Jul 2008
Brokers are braced for a fresh wave of bank rate hikes in the wake of St George’s 20 basis point rise to its... READ MORE
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US house prices down, but improvement apparent
by Staff Reporter • 8 Jul 2008
Almost all US housing markets suffered a decrease in value, figures from Radar Logic revealed yesterday. READ MORE
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Banks? profits to shrink unless rates rise
by Staff Reporter • 8 Jul 2008
The big four banks stand to suffer significant losses if they don’t follow St George’s lead and raise... READ MORE
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Construction activity declines further, unlikely to pick up soon
by Staff Reporter • 7 Jul 2008
The already tight supply of residential dwellings is set to contract further as construction activity continues to... READ MORE
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MFAA welcomes COAG agreement on regulation
by Staff Reporter • 7 Jul 2008
The MFAA has supported the Council of Australian Government’s (COAG) decision that the Federal government... READ MORE
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SME's credit demand slides
by Staff Reporter • 7 Jul 2008
A drop in business confidence, the credit crunch and a decrease in SME’s need to debt has resulted in a... READ MORE
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St George hikes rates by 20bps
by Staff Reporter • 7 Jul 2008
St George announced a 20 basis points increase to its standard variable home loan rate on Friday to 9.67 per cent. READ MORE
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Pepper cuts sales jobs; recruits operations staff
by Staff Reporter • 4 Jul 2008
A drop in volumes has forced Pepper Homeloans to axe six staff in its sales and sales support divisions this week. READ MORE
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National recession for mortgage sales
by Staff Reporter • 4 Jul 2008
National mortgage sales have fallen into a recession according to sales figures released by the Australian Financial... READ MORE
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Single e-conveyancing system finally gets go ahead
by Staff Reporter • 4 Jul 2008
The Council of Australian Governments (COAG) yesterday agreed to the establishment of a national e-conveyancing... READ MORE
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COAG agrees on federal regulation of financial services
by Staff Reporter • 4 Jul 2008
The Commonwealth government yesterday reached an agreement with State and Territory governments to assume... READ MORE
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ING rations wholesale funding
by Staff Reporter • 4 Jul 2008
IING DIRECT told mortgage managers this week that it has capped the amount of wholesale funds it will make available... READ MORE
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Building approvals down in May
by Staff Reporter • 3 Jul 2008
Dwelling approvals suffered a significant 6.5 per cent fall in May, seasonally adjusted, ABS figures revealed... READ MORE
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Arrears on rise in local RMBS market
by Staff Reporter • 3 Jul 2008
Prime residential mortgage arreas rose for the fifth consecutive month in April, according to Standard &... READ MORE
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Commercial property activity slumps to lowest in 15 years
by Staff Reporter • 3 Jul 2008
Commercial property sales fell 60 per cent in the first half of 2008 compared to the first half of 2007, according to... READ MORE