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Fear for viability of low and no doc loans
by Staff Reporter • 11 Feb 2008
Brokers may avoid selling low and no doc loans under proposed national industry legislation, broker groups have... READ MORE
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QLD residential property supply hit by property group collapse
by Staff Reporter • 11 Feb 2008
In a blow to the Queensland residential property sector over 200 residential building projects have been left in the... READ MORE
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NAB lifts variable home loan rate
by Staff Reporter • 9 Feb 2008
NAB is the latest major bank to announce rate increases that exceed the RBA’s 25 basis points hike. READ MORE
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Deposit accounts attractive source of funding
by Staff Reporter • 9 Feb 2008
Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit... READ MORE
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NAB acquires RHG mortgages
by Staff Reporter • 8 Feb 2008
National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by... READ MORE
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AMP lifts rates by 0.33 per cent
by Staff Reporter • 8 Feb 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise,... READ MORE
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Interest rate cuts may not benefit UK borrowers
by Staff Reporter • 8 Feb 2008
The Bank of England’s Monetary Policy Committee reduced interest rates yesterday by 0.25 percentage points to... READ MORE
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Nationwide office vacancies lowest in 20 years
by Staff Reporter • 7 Feb 2008
Office markets around the country have recorded their best performance in 20 years according to the Property... READ MORE
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GMAC reports US$724 million fourth quarter loss
by Staff Reporter • 7 Feb 2008
US-based GMAC Financial Services this week reported a US$724 million ($811 million) net loss for the fourth quarter,... READ MORE
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Swan fast-tracks plans to cut switching fees
by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has fast-tracked plans to make switching between home loan providers easier after... READ MORE
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CBA?s rate rise condemned by Swan
by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has condemned the Commonwealth Bank’s (CBA) decision to lift its standard variable... READ MORE
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Global institutions tighten lending standards
by Staff Reporter • 6 Feb 2008
The US Federal Reserve’s Senior Loan Officer Opinion Survey revealed this week that an increasing number of... READ MORE
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Moody?s considers change to rating systems
by Staff Reporter • 6 Feb 2008
Credit rating firm Moody’s Investors Service has put forward a request for comment regarding changes to how it... READ MORE
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Tax cuts spur inflation
by Staff Reporter • 6 Feb 2008
$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ. READ MORE
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Sydney rental market still tight
by Staff Reporter • 6 Feb 2008
Sydney residential vacancy rates rose slightly to 1.2 per cent in January, but sustained under-supply of rental... READ MORE
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Prime mortgage delinquencies lowest in two years
by Staff Reporter • 6 Feb 2008
Q407 results from Fitch Ratings’ “Dinkum Index” have shown a decline in the number of delinquencies... READ MORE
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Rates rise by 0.25 per cent
by Staff Reporter • 6 Feb 2008
The Reserve Bank lifted the official cash rate today, as expected, by 25 basis points to seven per cent – the... READ MORE
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December dwelling approval results signal end to market revival
by Staff Reporter • 6 Feb 2008
National building approvals fell by a sharp 16 per cent during December from November to a seasonally adjusted 12,263... READ MORE
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Banks in good shape: Fitch
by Staff Reporter • 6 Feb 2008
Australian banks are strong and should be well positioned to handle the turmoil currently enveloping global markets,... READ MORE
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All bids in for Northern Rock
by Staff Reporter • 5 Feb 2008
Virgin Group yesterday submitted a reduced £1.2 billion (A$2.61 billion) bid to take over Northern Rock and... READ MORE
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Lenders warned of ?bleak? outlook
by Staff Reporter • 5 Feb 2008
The JP Morgan and Fujitsu Consulting monthly consumer survey has found around 300,000 Australian households are... READ MORE
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House prices rise in all capitals
by Staff Reporter • 5 Feb 2008
House price indexes rose in all eight capital cities in the December quarter to a weighted average of 3.2 per cent,... READ MORE
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Borrowers to save $4 billion in four years
by Staff Reporter • 5 Feb 2008
First home owners were granted a tax break by the federal cabinet this afternoon that is expected to see struggling... READ MORE
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Scrapping DEFs won?t help borrowers, brokers
by Staff Reporter • 4 Feb 2008
Criticism of lenders charging deferred establishment fees for early loan repayment looks set to intensify should the... READ MORE
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Government to battle spiralling inflation
by Staff Reporter • 4 Feb 2008
The Federal Government has announced a five-point plan to battle inflation and ease the stress of rising interest... READ MORE