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AFM lifts rates by just 0.1pc
by Staff Reporter • 10 Dec 2009
In a bid to increase their competitive stance in the Australian mortgage industry, Australian First Mortgage has... READ MORE
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NZ keeps rates on hold at 2.5pc
by Staff Reporter • 10 Dec 2009
The Reserve Bank of New Zealand has decided to keep the official cash rate on hold at 2.5 per cent for the seventh... READ MORE
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NAB claws for market share with new guerrilla marketing campaign
by Staff Reporter • 10 Dec 2009
While the National Australia Bank (NAB) has said it cannot rule out the possibility of raising its variable mortgage... READ MORE
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Lending for new homes soars
by Staff Reporter • 10 Dec 2009
Lending for the construction of new homes rose dramatically in October, figures from the Australian Bureau of... READ MORE
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Industry first as Connective employs ‘conversion coordinator’
by Staff Reporter • 10 Dec 2009
In a bid to keep lender errors in check and broker conversion rates high, Connective has employed a quality and... READ MORE
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Major bank to review broker commissions
by Staff Reporter • 10 Dec 2009
There’s growing industry speculation that one of the major banks is gearing up to pay greater commissions to its... READ MORE
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MFAA pushes lenders on minimum requirements from brokers
by Staff Reporter • 9 Dec 2009
The MFAA will seek to define the characteristics of a professional broker, which it hopes will prompt lenders to... READ MORE
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Bank regulations threaten mortgage holders
by Staff Reporter • 9 Dec 2009
Tighter banking regulations could force homeowners and businesses to pay higher interest rates. READ MORE
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Homeowners brace for further rate rises
by Staff Reporter • 9 Dec 2009
Homeowners can expect a further two rate rises in February and March, NAB’s chief economist Alan Oster has claimed. READ MORE
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Second tier lenders increase rates above RBA hike
by Staff Reporter • 8 Dec 2009
Almost all of the second tier lenders have followed the lead of CBA, Westpac and ANZ and lifted variable mortgage rates... READ MORE
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Suncorp completes executive overhaul
by Staff Reporter • 8 Dec 2009
Suncorp’s chief executive officer Patrick Snowball has completed his overhaul of the company’s executive ranks by... READ MORE
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Westpac defends rate hike
by Staff Reporter • 8 Dec 2009
Westpac’s chief executive officer Gail Kelly has defended the bank’s decision to increase its variable mortgage... READ MORE
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Job ad strength suggests economic recovery
by Staff Reporter • 8 Dec 2009
The total number of jobs advertised in the major metropolitan newspapers and on the internet rose by 5.2 per cent in... READ MORE
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NSW borrowers worst for repaying mortgages
by Staff Reporter • 8 Dec 2009
Some postcodes in Australia have been more vulnerable to the recent rate rises, a new report by Fitch Ratings has found. READ MORE
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Cash rate to peak at 4.5pc: Westpac
by Staff Reporter • 8 Dec 2009
The official cash rate will only hit 4.5 per cent in 2010, Westpac’s chief economist Bill Evans has claimed. READ MORE
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Homeloans Ltd takes fight to the majors
by Staff Reporter • 7 Dec 2009
Homeloans Ltd has become the first lender outside of the big four banks to stay in line with the Reserve Bank and raise... READ MORE
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NAB trials online mortgages
by Staff Reporter • 7 Dec 2009
National Australia Bank is testing an online mortgage channel in an effort to broaden the scope of its online savings... READ MORE
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Rate rise fails to dent market activity: APM
by Staff Reporter • 7 Dec 2009
Momentum remains in the property market heading into the New Year despite the Reserve Bank’s decision to increase the... READ MORE
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Government to crack down on market competition
by Staff Reporter • 7 Dec 2009
The federal government will ensure ‘competitive pressure’ is placed on the nation’s big four banks after three of... READ MORE
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Homebuyers not deterred by lessened grant
by Staff Reporter • 7 Dec 2009
Despite being reduced in October, Australians continue to take up the federal government’s first home owners grant... READ MORE
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NAB tops majors with lowest rate
by Staff Reporter • 7 Dec 2009
There is now a 27 basis point spread between the highest and lowest variable rates amongst the major banks after the... READ MORE
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CBA finds middle ground on rates
by Staff Reporter • 4 Dec 2009
CBA has this afternoon announced it will increase its variable mortgage rate by 0.37 per cent p.a. READ MORE
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NAB challenges other majors
by Staff Reporter • 4 Dec 2009
NAB has thrown down the gauntlet to the other two majors, after raising its variable mortgage rate by just 25 basis... READ MORE
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National Mortgage Company guarantees approval times
by Staff Reporter • 4 Dec 2009
In a bid to help brokers boost their customer proposition, National Mortgage Company has said it will offer five day... READ MORE
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Liberty covers upfront expenses
by Staff Reporter • 4 Dec 2009
Liberty has given new borrowers an early Christmas present by vowing to cover all of their upfront expenses including... READ MORE