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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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UK house prices suffer May slide
by Staff Reporter • 30 May 2008
UK house prices dropped by a considerable 2.5 per cent in May – the largest monthly fall in the history of... READ MORE
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NAB announces new commissions structure
by Staff Reporter • 30 May 2008
NAB Broker unveiled a new stepped trail commission structure this afternoon. READ MORE
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Opportunity beckons for property investors
by Staff Reporter • 29 May 2008
It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels... READ MORE
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Three Australian cities rank in 50 most expensive global office...
by Staff Reporter • 29 May 2008
Rent increases have pushed three Australian cities into the rankings of the world’s 50 most expensive office... READ MORE
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Residential construction increase masks negative trend: MBA
by Staff Reporter • 29 May 2008
Residential building activity increased slightly in the March quarter by 0.3 per cent, seasonally adjusted, to reach... READ MORE
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Almost 40pc of income needed to cover mortgage payments
by Staff Reporter • 29 May 2008
The proportion of household income required to meet average home loan repayments rose to 38 per cent in the March... READ MORE
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Two additional rate rises to come: ANZ
by Staff Reporter • 29 May 2008
The official cash rate will reach 7.75 per cent by the end of the year, according to ANZ. READ MORE
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St George extends electronic lodgement deadline by one month
by Staff Reporter • 29 May 2008
St George has given brokers an extra month’s grace on its electronic lodgement requirements, pushing the... READ MORE
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Brokers divided on cross selling
by Staff Reporter • 28 May 2008
Cross selling may meet resistance from the broking industry despite commission reductions. READ MORE
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Worsening picture for loan arrears revealed
by Staff Reporter • 28 May 2008
Prime mortgage arrears rose by four basis points to 1.28 per cent in February, according to Standard &... READ MORE
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Wizard sale no impact on third-party business: GE Money
by Staff Reporter • 28 May 2008
The sale of Wizard Home Loans will not affect GE Money’s third party business, according to a statement issued... READ MORE
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Fixed-rate loans keep private business on track
by Staff Reporter • 28 May 2008
Australian businesses are feeling the effects of the credit crunch but remain confident in their future. READ MORE
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St George and Westpac step closer to merger
by Staff Reporter • 28 May 2008
St George and Westpac have announced that they have signed a Merger Implementation Agreement (MIA) to form what would... READ MORE
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Fixed-rates lose their appeal with consumers
by Staff Reporter • 27 May 2008
Demand for fixed-rate mortgages contracted significantly in April, Mortgage Choice housing loan approval data released... READ MORE
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Brokers unjustly carry burden of credit crunch: FBAA
by Staff Reporter • 26 May 2008
The FBAA has criticised the banks’ decision to cut commissions, stating that brokers are being unjustly targeted... READ MORE
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BankWest cuts 42 broker groups
by Staff Reporter • 26 May 2008
BankWest will reduce its distribution to just 17 brokerages and will break ties with all other groups within 28 days. READ MORE
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Bouris to buy back Wizard
by Staff Reporter • 26 May 2008
Wizard Home Loans’ founder Mark Bouris will seek to regain control of the lender just four years after selling... READ MORE
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First quarter slide for housing markets
by Staff Reporter • 26 May 2008
House prices softened considerably during the first quarter of the year, data released by the Real Estate Institute of... READ MORE
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GMAC-RFC confirms $302 million non-conforming RMBS
by Staff Reporter • 24 May 2008
GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal... READ MORE
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US home prices fall significantly in Q1
by Staff Reporter • 24 May 2008
US home prices suffered the largest quarterly decline in record in the first quarter of 2008, according to the Office... READ MORE
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Budget fails to ease consumers? inflationary expectations
by Staff Reporter • 23 May 2008
The Federal Government’s budget has offered little hope to consumers to combat inflation, according to the... READ MORE
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Borrowers apprehensive about refinancing
by Staff Reporter • 22 May 2008
Many Australian homebuyers want to refinance their home loans but a high level of apathy could be holding them back,... READ MORE
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Suncorp securitises $2.6 billion of home loans
by Staff Reporter • 22 May 2008
Suncorp securitised $2.6 billion in residential mortgages last Thursday, 15 May. READ MORE
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Banks benefit as businesses seek local financing
by Staff Reporter • 22 May 2008
With international funding markets still dry, Australian businesses are increasingly looking to local banks to finance... READ MORE