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City Pacific requests trading halt as shares plummet
by Staff Reporter • 5 Mar 2008
Loan provider City Pacific yesterday requested a two day trading halt as its shares lost almost half their value to... READ MORE
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Rate rise a blow to investor activity
by Staff Reporter • 5 Mar 2008
Yesterday’s lift in interest rates to a 12-year high is likely to dampen any potential increase in property... READ MORE
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Macquarie to wind-back residential mortgage originations
by Staff Reporter • 5 Mar 2008
Macquarie Bank announced this morning that Macquarie Securitisation will wind-back its residential mortgage... READ MORE
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Interest rates up to 7.25 per cent
by Staff Reporter • 5 Mar 2008
The RBA lifted interest rates by a further 0.25 per cent today in a bid to curb rising inflation. READ MORE
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Government doubles investor incentive scheme
by Staff Reporter • 4 Mar 2008
The federal government has doubled its National Rental Affordability Scheme – reflecting the “severity of... READ MORE
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Package deals dominate new mortgage applications
by Staff Reporter • 4 Mar 2008
Mortgage packages now account for half of all new mortgages in Australia, market analyst Datamonitor announced today. READ MORE
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Absent overseas investors hobble domestic RMBS
by Staff Reporter • 4 Mar 2008
Australia’s reliance on offshore investors is stifling local RMBS activity, despite the underlying health of the... READ MORE
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US banking regulator tightens mortgage data reporting requirements
by Staff Reporter • 3 Mar 2008
Nine of the United States’ biggest banks will now be required to submit monthly mortgage data to federal... READ MORE
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Inner-Sydney apartment market to begin gradual recovery
by Staff Reporter • 3 Mar 2008
Demand for Sydney’s inner-city apartments is predicted to increase slightly this year with a more pronounced... READ MORE
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Bluestone to issue two RMBS deals
by Staff Reporter • 3 Mar 2008
Bluestone is set to brave the capital markets in what may be the first major RMBS deals of 2008, The Australian... READ MORE
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No new applications for Mobius
by Staff Reporter • 3 Mar 2008
White label lender Mobius has ceased to accept new mortgage applications. READ MORE
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Strong deposit growth pays off for HBOS
by Staff Reporter • 29 Feb 2008
HBOS Australia, which operates BankWest, yesterday announced a 15 per cent rise in underlying profit to $757 million... READ MORE
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Tax credits offered to encourage affordable housing investment
by Staff Reporter • 29 Feb 2008
The federal government will begin a tax credit scheme to stimulate investment in affordable housing, federal housing... READ MORE
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Rents as high as loan repayments in some Australian states
by Staff Reporter • 29 Feb 2008
Housing affordability continued to worsen in the December quarter, the Real Estate Institute of Australia (REIA) and... READ MORE
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Data providers criticised for conflicting house price values
by Staff Reporter • 29 Feb 2008
Residential property data providers have come under criticism for wide ranging differences in house price values. READ MORE
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Suncorp profit down, but lending growth strong
by Staff Reporter • 28 Feb 2008
Diversified financial services group Suncorp reported a first half net profit of $382 million today. READ MORE
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Transparency key to improving investors? confidence in finance sector
by Staff Reporter • 28 Feb 2008
As many financial companies continue to suffer from wavering investor confidence, chief executive of National... READ MORE
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Bright results for non-banks despite tough mortgage market
by Staff Reporter • 28 Feb 2008
While battered international institutions flag losses amid global market turbulence, February revealed positive... READ MORE
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Allco set to offload Mobius
by Staff Reporter • 27 Feb 2008
Allco Finance Group (Allco) has faced a tumultuous few days since reporting its half year results on Monday. READ MORE
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The Rock delivers on-track profit
by Staff Reporter • 27 Feb 2008
The Rock Building Society yesterday reported a net profit after tax of $2.27 million for the half year to 31 December... READ MORE
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RHG announces half year profit result
by Staff Reporter • 27 Feb 2008
RHG Limited yesterday announced a half year profit of $22.6 million. Consolidated profit after income tax for the... READ MORE
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Strong half year profit for Homeloans Ltd
by Staff Reporter • 27 Feb 2008
Homeloans Ltd today announced a half year net profit of $2.269 million, an increase of 230 per cent on the restated... READ MORE
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Banks profit from commercial lending: NAB
by Staff Reporter • 26 Feb 2008
Deterioration of the credit markets is resulting in increased commercial lending business at attractive profit margins... READ MORE
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Slow home sales in the US reflect tight lending standards
by Staff Reporter • 26 Feb 2008
Sales of existing homes in the US continue to steadily decline, the American National Association of Realtors (NAR)... READ MORE
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Weekly news wrap
by Staff Reporter • 25 Feb 2008
The poor savings habits of Australians attracted the media’s attention last week. Just 34 per cent of 2,000... READ MORE