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Commercial clearance rates sink in May
by Staff Reporter • 14 Jun 2008
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling... READ MORE
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Jobs fall 37.2 pc in banking, mortgages
by Staff Reporter • 14 Jun 2008
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index... READ MORE
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No immediate commission cuts expected: Adelaide, ING
by Staff Reporter • 13 Jun 2008
With ANZ the only big five bank yet to announce changes to broker commissions, the second tier banks have now taken... READ MORE
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BankWest opens first of 50 new retail stores
by Staff Reporter • 12 Jun 2008
BankWest yesterday unveiled the first of more than 50 new Victorian retail stores. READ MORE
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US loan application volumes improve
by Staff Reporter • 12 Jun 2008
The US mortgage market has showed signs of improvement, data from the Mortgage Bankers Association (MBA) showed... READ MORE
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Consumer confidence plunges unexpectedly
by Staff Reporter • 12 Jun 2008
Consumer sentiment took an unanticipated 5.6 per cent plunge in June, the Westpac Melbourne Institute Index of... READ MORE
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Government unveils Housing Affordability Fund
by Staff Reporter • 12 Jun 2008
The Rudd government yesterday released the technical paper on its $512 million Housing Affordability Fund, which will... READ MORE
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Commercial finance commitments continue downward trend
by Staff Reporter • 12 Jun 2008
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted... READ MORE
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Macquarie?s first 2008 no- and low-doc RMBS rated AAA
by Staff Reporter • 12 Jun 2008
The class A notes of Macquarie’s first no- and low-doc RMBS issue for the year was today assigned a... READ MORE
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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