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Consumer sentiment and spending key to economic recovery
by Staff Reporter • 8 Dec 2008
According to the analyst the RBA’s recent rate reductions and government’s fiscal stimulus package will... READ MORE
ANZ to cut 800 jobs in next two weeks
by Staff Reporter • 8 Dec 2008
In a statement last month, the bank told Mortgage Business the job cuts will be to middle management... READ MORE
Macquarie sheds jobs
by Staff Reporter • 5 Dec 2008
According to The Australian Financial Review the investment bank sacked between 500 and 1000 staff yesterday after... READ MORE
CBA tops majors with best SVR rate
by Staff Reporter • 5 Dec 2008
In what has been a previously tight field, a significant gap has now opened between the major banks. With such a wide... READ MORE
Challenger prices $824m RMBS deal
by Staff Reporter • 5 Dec 2008
The top-rated tranche of the sale was priced at 135 basis points over the one month bank bill swap rate with $324... READ MORE
Weak building approvals to persist into new year
by Staff Reporter • 5 Dec 2008
Data released by the ABS yesterday showed total building approvals fell 5.4 per cent in October, seasonally adjusted,... READ MORE
Consumer spending up in October
by Staff Reporter • 3 Dec 2008
According to the figures, retail spending rose by 0.7 per cent seasonally adjusted in October compared to September... READ MORE
Major banks quick to cut rates
by Staff Reporter • 3 Dec 2008
NAB and CBA revealed shortly after the RBA rate announcement that they would pass the 100 basis point reduction on,... READ MORE
Bank deposits soar
by Staff Reporter • 1 Dec 2008
Figures released by APRA on Friday showed banks’ household saving deposits rose three per cent in October,... READ MORE
Bankwest cuts fixed rates
by Staff Reporter • 28 Nov 2008
According to the WA based bank, the fixed rate loan is the most competitive in the market beating its nearest rival... READ MORE
Non-conforming delinquencies still rising
by Staff Reporter • 27 Nov 2008
In Q3 2008, average RMBS non-conforming delinquencies greater than 90 days past due reached another new record... READ MORE
Refinancing activity to pick up
by Staff Reporter • 26 Nov 2008
According to Mortgage Choice 41 per cent of property owners plan to make improvements to their home next year –... READ MORE
Residential building recovery in sight
by Staff Reporter • 24 Nov 2008
According to BIS Shrapnel residential construction will be a key support for the Australian economy in 2009 however... READ MORE
FirstMac ?takes fight to banks? with 3.99pc introductory rate
by Staff Reporter • 22 Nov 2008
Called the FightBack loan, FirstMac managing director and founder Kim Cannon said he believes the introductory fixed... READ MORE
Banks seek guarantee time frame
by Staff Reporter • 21 Nov 2008
The pressure comes as banks voice their concerns that the three year $1 million deposit guarantee threshold will have... READ MORE
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