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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
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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
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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
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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
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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
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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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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
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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
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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
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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 system. READ MORE
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 pressures. READ MORE
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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
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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
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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