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Migration cuts unlikely to have big impact on dwelling shortage
by Staff Reporter • 17 Mar 2009
Kevin Rudd said yesterday that the government would decrease this year’s skilled migrant intake by about 18,500... READ MORE
ING DIRECT tightens credit policy
by Staff Reporter • 16 Mar 2009
From the 20 March, ING DIRECT’s maximum LVR for LMI applications will reduce to 90 per cent.
For all... READ MORE
Government extends 'Rudd Bank' to protect Australian businesses
by Staff Reporter • 13 Mar 2009
The initiative, dubbed “Rudd Bank”, is a joint venture set up between the government and Big Four banks to protect... READ MORE
Freddie delivers another shocking loss
by Staff Reporter • 12 Mar 2009
The result follows a similar US$25.3 billion (A$38.9 billion) loss recorded for the third quarter last year and... READ MORE
Westpac seeks SME dominance
by Staff Reporter • 11 Mar 2009
Peter Hanlon, the bank’s retail and business banking boss, said the bank’s loans to SMEs were expanding... READ MORE
CBA hiring as loan volumes swell
by Staff Reporter • 9 Mar 2009
Michael Cant, CBA head of retail products, told The Daily Telegraph, first home buyer volumes had more than doubled... READ MORE
Banks blamed for weak building approvals
by Staff Reporter • 6 Mar 2009
New home approvals fell 3.7 per cent in January- the seventh consecutive monthly decline – with units falling a... READ MORE
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
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