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Loan settlements, deposits up for Savings & Loans

by Staff Reporter • 3 Sep 2008
The credit union reported a $10.9 million net profit for the 2007/08 financial year yesterday - down from $15.82... READ MORE

Housing affordability deteriorates in every state and territory

by Staff Reporter • 1 Sep 2008
The proportion of family income required to meet average home loan repayments rose to 39.8 per cent in the quarter,... READ MORE

Auctions slump as buyers await rate cut

by Staff Reporter • 1 Sep 2008
In Sydney, the clearance rate was down to 46.9 per cent, almost 20 per cent below the figure for the same weekend... READ MORE

August 08: BankWest cuts Rate Tracker

by Staff Reporter • 20 Aug 2008
A BankWest spokesperson told Mortgage Business that “unanticipated volumes” and the bank’s “limited funds... READ MORE

RBA set to cut rates

by Staff Reporter • 20 Aug 2008
Despite the risk of inflation, minutes from the bank’s meeting showed the risk of a “deeper and more... READ MORE

First home buyer affordability remains at 24 year low

by Staff Reporter • 18 Aug 2008
The index inched up 0.3 per cent in the quarter but was still 6 per cent lower than the same time last year. In... READ MORE

Lending competition healthy: RBA

by Staff Reporter • 15 Aug 2008
In its submission to the committee’s Inquiry into Competition in the Banking and Non-Banking Sectors, the RBA... READ MORE

Baby-boomers push younger borrowers from property market

by Staff Reporter • 15 Aug 2008
The report – derived from research by Roy Morgan – found that older Australians, buoyed by strong... READ MORE

Business credit slumps

by Staff Reporter • 12 Aug 2008
The result is down from 17 per cent six months ago. Variable interest rates on large business loans had increased... READ MORE

Prospects for rate cut increasing: RBA

by Staff Reporter • 12 Aug 2008
The evidence to date, the statement read, was that “a significant moderation in demand is now occurring, and it... READ MORE

Rate cuts on the cards: RBA

by Staff Reporter • 6 Aug 2008
Glenn Stevens, monetary policy governor, said it was looking increasingly likely that demand would remain subdued and... READ MORE

Activity forecast for investor market

by Staff Reporter • 31 Jul 2008
Rental rates have surged by as much as 25 per cent in some locations over the past year, according to Australian... READ MORE

Calm Melbourne market provides opportunities for buyers

by Staff Reporter • 29 Jul 2008
The median detached house price rose by 4.9 per cent to $451,000, Real Estate Institute of Victoria (REIV) data... READ MORE

US legislation milestone for housing market

by Staff Reporter • 28 Jul 2008
The legislation will provide for US$300 billion in assistance for troubled home owners as well as a rescue plan for... READ MORE

Lack of affordable housing keeps Gen Ys with mum and dad

by Staff Reporter • 25 Jul 2008
The proportion of Generation Ys living with their parents surpassed 50 per cent in 2006. Housing Industry... READ MORE
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