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US banks need $100 billion to bolster reserves
by Staff Reporter • 8 May 2009
Regulators in the United States revealed overnight that US$75 billion ($A99 billion) in additional capital will be...READ MORE
No more commission cuts: NAB Broker
by Staff Reporter • 8 May 2009
NAB Broker has assured brokers that there will be no further changes to its commission structure for the foreseeable... READ MORE
Better systems needed to help borrowers in financial hardship
by Staff Reporter • 8 May 2009
Brokers and lenders need to devise better industry practices for responding to borrowers in financial hardship a... READ MORE
Surfers Paradise most expensive retail strip for rents
by Staff Reporter • 7 May 2009
Surfers Paradise’s Cavill Avenue has been named the most expensive suburban shopping strip in the country for... READ MORE
Consumer shift to brokers for reverse mortgages
by Staff Reporter • 7 May 2009
More than half – 52 per cent – of reverse mortgages written during the six month period to year end 2008... READ MORE
Government stimulus payments boost retail spending
by Staff Reporter • 7 May 2009
The federal government’s stimulus payments appear to be filtering through to the retail sector with turnover... READ MORE
RBA should keep cutting rates: IMF
by Staff Reporter • 7 May 2009
The International Monetary Fund (IMF) says the RBA could use monetary policy further to support Australia’s... READ MORE
9/11-style commission planned to investigate financial crisis
by Staff Reporter • 7 May 2009
A September 11 style commission of experts is set to be created in a bid to investigate the true causes of the... READ MORE
Tough times for small business
by Staff Reporter • 7 May 2009
A NAB survey has highlighted the challenging conditions facing small-to-medium sized businesses (SMEs) and prompted... READ MORE
NSW facing perilous building slump:BIS
by Staff Reporter • 7 May 2009
New South Wales is lagging all of its peers in home building activity and is in need of special state government... READ MORE
Victorian FHBs win government grant increase
by Staff Reporter • 6 May 2009
First home buyers in Victoria will receive up to $22,500 in government incentives as of July 1 as part of the... READ MORE
Clarification required on new broker legislation
by Staff Reporter • 6 May 2009
Representatives from banks, non-banks, originators and the broker channel attended an information seminar hosted by... READ MORE
Stimulus needed to maintain momentum in house construction
by Staff Reporter • 6 May 2009
Stimulus measures are working to spark an increase in new house construction but more will be needed to ensure a... READ MORE
Unemployment to keep impairment charges high: Westpac
by Staff Reporter • 6 May 2009
Westpac today reported a 1 per cent fall in first half net profit to $2.175 billion and a 6 per cent decline in cash... READ MORE
Cash rate decision sign of improving economic conditions
by Staff Reporter • 6 May 2009
The RBA will take the time to monitor the effects of existing monetary and fiscal policies before making any further... READ MORE
Cash rate unchanged
by Staff Reporter • 6 May 2009
The RBA today left the official cash rate unchanged at 3 per cent, choosing to wait and observe the unfolding of... READ MORE
Aussie posts strong volume growth on back of Wizard acquisition
by Staff Reporter • 5 May 2009
Aussie Home Loans says it is experiencing record lending levels following its acquisition of Wizard Home Loans.
READ MORE
FHB frenzy on horizon as grant deadline nears
by Staff Reporter • 5 May 2009
Brokers could see a “frenzy” of first home buyer activity in the next two months as the deadline for the... READ MORE
Europe in deepest and most widespread recession since WWII
by Staff Reporter • 5 May 2009
Europe is braced for a challenging year ahead following warnings from the European Commission that the EU is in the... READ MORE
US construction spend, FHB activity on rise
by Staff Reporter • 5 May 2009
The United States was buoyed overnight by the first rise in construction spend in six months and a steady rise in new... READ MORE
Job advertisements halve
by Staff Reporter • 5 May 2009
The number of jobs advertised in Australia halved in the year ending April, suggesting a sharp rise in unemployment is... READ MORE
Financial planners to shift to fee-for-service model
by Staff Reporter • 5 May 2009
Financial planners could move to a fee-based remuneration model by 2012.
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Downturn hits Aussie house prices: ABS
by Staff Reporter • 5 May 2009
The ABS’ House Price Index for the March quarter released yesterday revealed a disappointing decline in... READ MORE
Wizard, Aussie refinancing deal gets thumbs up from watchdog
by Staff Reporter • 4 May 2009
The ACCC has approved the Wizard / Aussie arrangement whereby deferred establishment fees will be waived for Wizard... READ MORE
UK lender launches two-tier interest rate system
by Staff Reporter • 4 May 2009
Great Britain’s largest building society Nationwide has introduced a new home loan system whereby new customers... READ MORE
Auction clearance volumes weak
by Staff Reporter • 4 May 2009
Auction clearance rates dropped in Sydney and Melbourne over the weekend, Australian Property Monitors has revealed,... READ MORE
Stargate, NextGen launch new electronic lodgement platform
by Staff Reporter • 4 May 2009
The Stargate Group today announced a new partnership with electronic lodgement provider NextGen.net to offer an... READ MORE
RBA cash rate 'no correlation' with banks' funding costs: ANZ
by Staff Reporter • 4 May 2009
ANZ chief executive Mike Smith has signalled that borrowers are unlikely to see much reduction in home loan rates... READ MORE
New cash flow tool for Choice brokers
by Staff Reporter • 4 May 2009
Choice Aggregation Services (Choice) has launched a new tool for its brokers to enable them to better manage cash flow... READ MORE
St George latest to tighten LVR criteria
by Staff Reporter • 4 May 2009
St George has announced it will change its lending policy, with new LVR limits and savings policies in force as of... READ MORE
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