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Breaking News
Fed moves to bolster market liquidity
by Staff Reporter • 18 Mar 2008
The US Federal Reserve (Fed) has announced two measures this week to “bolster market liquidity” and...
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MFAA asks borrowers not to write off non-banks
by Staff Reporter • 17 Mar 2008
The MFAA, showing support for the non-bank sector, has encouraged Australian borrowers to consider both banks and...
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Falling consumer confidence won?t sway RBA on rates
by Staff Reporter • 17 Mar 2008
Consumer confidence has been dented but further rate rises may be on the cards.
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Property values hit by rate rise: Residex
by Staff Reporter • 17 Mar 2008
Property markets are hurting from the latest string of interest rate rises, Residex data has revealed.
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End in sight for global sub-prime write-downs?
by Staff Reporter • 17 Mar 2008
The end may be nigh for sub-prime write downs, according to Standard & Poor’s Ratings Services.
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Macquarie low-doc rate jumps 70 basis points
by Staff Reporter • 14 Mar 2008
Macquarie Mortgages has raised the rate on its stated income low doc loans by 70 basis points.
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Banks?profitability increases pressure on broker commissions
by Staff Reporter • 14 Mar 2008
Lenders need to radically review their use of brokers if they are to improve profitability, according to JPMorgan and...
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Bluestone to wind back residential and commercial origination
by Staff Reporter • 14 Mar 2008
Bluestone Group yesterday announced that it would materially reduce its residential origination levels and suspend...
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Labour market tightens, again
by Staff Reporter • 13 Mar 2008
The national unemployment rate dropped again in February to four per cent, seasonally adjusted.
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Younger Australians falling in and out of love, and their homes
by Staff Reporter • 13 Mar 2008
More young Australians are embarking on home ownership than at any other time in history, research by Flinders...
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Latest commercial and leasing finance commitments up on December
by Staff Reporter • 13 Mar 2008
The value of total commercial finance achieved a seasonally adjusted increase of 14.4 per cent in January to $51.007...
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Rental affordability scheme: good in theory but not in practice?
by Staff Reporter • 13 Mar 2008
The federal government’s recently announced initiatives to tackle housing affordability have been met with...
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Strong capital growth good news for investors
by Staff Reporter • 12 Mar 2008
The weighted average median Australian house price hit $471,300 in the December quarter 2007.
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Increase rates or limit lending: ANZ
by Staff Reporter • 12 Mar 2008
ANZ announced this afternoon that it will increase the interest rate on its variable rate products by 0.35 per cent.
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Mortgage Choice urges government to rethink tax cuts
by Staff Reporter • 12 Mar 2008
Mortgage brokerage Mortgage Choice today called on the federal government to abandon its tax cut plans and pause on...
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Investors spur January increase in dwelling commitments
by Staff Reporter • 11 Mar 2008
The total value of housing commitments rose a seasonally adjusted 3.7 per cent in January to $23.166 billion compared...
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Change of pace for Queensland?s housing market
by Staff Reporter • 11 Mar 2008
Queensland’s residential market’s bull-run is coming to an end, according to the Real Estate Institute of...
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CBA lifts rates by 0.35pc
by Staff Reporter • 11 Mar 2008
The Commonwealth Bank (CBA) this afternoon announced that it would increase its standard variable home loan rate by 35...
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Leading mutual winds back broker originated business
by Staff Reporter • 11 Mar 2008
Credit Union Australia (CUA) today officially confirmed it would wind-back originating mortgages via third-party...
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Virgin Money ?unaffected? by Macquarie?s exit
by Staff Reporter • 10 Mar 2008
Despite shutting the doors on its mortgage division, Macquarie Securitisation Limited (MSL) has vowed its partnership...
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Broker commission cuts expected
by Staff Reporter • 10 Mar 2008
Wide-scale reductions to broker commissions could be on the cards according to the results of a recent Mortgage...
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Negative gearing restructuring could hamper investor activity: REIA
by Staff Reporter • 10 Mar 2008
The Real Estate Institute of Australia (REIA) has called on the government to abandon its idea to remove or...
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Women back property investment
by Staff Reporter • 10 Mar 2008
Rising interest rates are not deterring female investors from the property market, a survey by Mortgage Choice has...
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AUSTRAC AML/CTF deadline nearing
by Staff Reporter • 10 Mar 2008
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a reminder to the industry about the 31...
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Capital city house value disparity quickly closing
by Staff Reporter • 10 Mar 2008
The price gap between Sydney house values and those in other capital cities is smaller than it has ever been, RP Data...
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