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Disappointing drop in new home approvals
by Staff Reporter • 6 Mar 2009
Total dwellings approved fell 3.7 per cent, seasonally adjusted, in January, marking the seventh monthly decline and... READ MORE
Retail spending surprisingly strong
by Staff Reporter • 4 Mar 2009
Data released by the ABS yesterday showed retail spending inched up 0.2 per cent in January from December, in... READ MORE
Big banks cop ratings outlook downgrade
by Staff Reporter • 3 Mar 2009
NAB’s credit outlook was already downgraded to negative late last year.
"The negative outlook reflects... READ MORE
ANZ warns consumer defaults will rise
by Staff Reporter • 27 Feb 2009
Commenting on the bank’s trading update yesterday, ANZ CEO Mike Smith said 2008’s high profile corporate... READ MORE
Challenging period ahead for credit unions
by Staff Reporter • 26 Feb 2009
“The negative outlook applies across the sector as funding pressures increase from strong retail deposit... READ MORE
CBA buys Wizard mortgages, delivers rate relief
by Staff Reporter • 24 Feb 2009
The bank will also pass on a 100 basis point rate reduction to those mortgages it acquires, effective 9 March, which... READ MORE
Suncorp profit takes a hit
by Staff Reporter • 24 Feb 2009
For the half year, Suncorp’s net profit after tax was $258 million, compared to $384 million in the prior... READ MORE
CBA tightens FHB deposit rules
by Staff Reporter • 23 Feb 2009
The new structure, reported in today’s The Australian, is a result of growing concerns about the quality of... READ MORE
Tough outlook for building societies
by Staff Reporter • 20 Feb 2009
According to Moody’s Investors Service’s Australian Building Societies: 2009 Industry Outlook , released... READ MORE
Surge in December lending
by Staff Reporter • 20 Feb 2009
The total number of owner-occupier home loans for december rose 6.4 per cent to 52,974 and a total value of $18.633... READ MORE
Leading Index points to recession
by Staff Reporter • 19 Feb 2009
The Index, which indicates the expected pace of future economic activity, fell to -1.2 per cent in December –... READ MORE
Westpac earnings slip
by Staff Reporter • 18 Feb 2009
In the December quarter Westpac advised that its cash earnings were approximately $1.2 billion, 2 per cent down on... READ MORE
Liquidity boost for mortgage lenders
by Staff Reporter • 18 Feb 2009
In a notice released yesterday the AOFM said it had selected three lenders for its next RMBS investment after... READ MORE
Royal Bank of Scotland to shed thousands of jobs
by Staff Reporter • 16 Feb 2009
According to the news report, the bank which has been partially nationalised, is expected to deliver the cost-cutting... READ MORE
Commonwealth Bank SVR tops the majors
by Staff Reporter • 16 Feb 2009
While all of the big banks passed on this month’s 100 basis point RBA rate cut in full, a spread of 0.17 per... READ MORE
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