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Drop in business investment to reign in growth
by Staff Reporter • 25 Feb 2009
The shortage of both debt and equity funding will be disastrous for business investment in the year ahead, BIS...READ MORE
CBA buys Wizard mortgages, delivers rate relief
by Staff Reporter • 24 Feb 2009
The Commonwealth Bank today confirmed that it will acquire $2.25 billion worth of Wizard mortgages from GE Money on... READ MORE
Suncorp profit takes a hit
by Staff Reporter • 24 Feb 2009
Bad debts and spiralling insurance claims due to recent severe weather have hit Suncorp with the bank today revealing... READ MORE
Smartline, Mortgage Force merger announced
by Staff Reporter • 24 Feb 2009
Smartline and Mortgage Force today announced plans to merge the two entities in a deal that will create a broking... READ MORE
Government may take big chunk in Citigroup
by Staff Reporter • 24 Feb 2009
The US government may increase its ownership in Citigroup to up to 40 per cent in a bid to keep the troubled lender... READ MORE
Healthy profit recorded for Wide Bay
by Staff Reporter • 24 Feb 2009
Wide Bay Australia yesterday announced a $9.585 million profit for the last six months, an increase of 16.5 per cent... READ MORE
Fresh start for housing industry predicted: HIA
by Staff Reporter • 24 Feb 2009
Despite current weak economic conditions and slow housing starts, the Housing Industry Association (HIA) is confident... READ MORE
Smaller-end industrial property activity to pick up
by Staff Reporter • 23 Feb 2009
Brokers operating in the commercial sphere could see increased interest from borrowers in industrial property.
READ MORE
UK push to ban 100 per cent mortgages
by Staff Reporter • 23 Feb 2009
The days of 100 per cent mortgages could be numbered with British prime minister Gordon Brown seeking to have the... READ MORE
Buoyant auction results in Sydney and Melbourne
by Staff Reporter • 23 Feb 2009
Home buyers keen to take advantage of falling interest rates took to the market on the weekend producing solid auction... READ MORE
CBA tightens FHB deposit rules
by Staff Reporter • 23 Feb 2009
First home buyers will need to contribute at least 3 per cent of the purchase price in their own money – on top... READ MORE
Buyers turn to CBD properties
by Staff Reporter • 20 Feb 2009
Economic uncertainty is pushing buyers towards properties in close proximity to CBDs where values remain safe because... READ MORE
Small businesses struggle, expect worse
by Staff Reporter • 20 Feb 2009
A NAB survey released yesterday confirmed small businesses are doing it tough and expect 2009 to only get... READ MORE
Tough outlook for building societies
by Staff Reporter • 20 Feb 2009
A new report on building societies has labelled the sector’s outlook negative.
READ MORE
GE sparks loan book run-off
by Staff Reporter • 20 Feb 2009
After failing to pass on the bulk of the RBA’s recent rate cuts to borrowers GE Money will offer a fee waiver... READ MORE
New AFM commission structure revealed
by Staff Reporter • 20 Feb 2009
Australian First Mortgage (AFM) yesterday announced a new initiative to offer brokers a choice on how their... READ MORE
Full rate cut pass-on may not benefit brokers
by Staff Reporter • 19 Feb 2009
Warnings that the major banks may not pass on future rate cuts in full have been met with criticism from all quarters... READ MORE
Consumers spending, but not enough
by Staff Reporter • 19 Feb 2009
Consumer retail spending continued to grow in the December quarter albeit at a lower rate than expected.
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Leading Index points to recession
by Staff Reporter • 19 Feb 2009
The latest Westpac-Melbourne Institute Leading Index of economic activity has recorded a further disintegration and... READ MORE
A license to print money
by Staff Reporter • 19 Feb 2009
The Bank of England (BoE) is set to start “printing money” as it struggles to get a grip on the... READ MORE
Fixed interest products to make return
by Staff Reporter • 19 Feb 2009
With the cash rate nearing the bottom of its cycle brokers can expect an upswing in fixed rate product... READ MORE
Westpac earnings slip
by Staff Reporter • 18 Feb 2009
Westpac’s profit dipped in the December quarter as a result of challenging market conditions, the bank revealed... READ MORE
Property market to turn corner
by Staff Reporter • 18 Feb 2009
Australian capital city property markets are now either at or near the bottom of their correction phase and brokers... READ MORE
Wage expectations modest
by Staff Reporter • 18 Feb 2009
Australians expect the weaker economy to limit wage growth over the coming year, Melbourne Institute research revealed... READ MORE
More major rate cuts unlikely: RBA
by Staff Reporter • 18 Feb 2009
The government’s $42 billion stimulus package and the Reserve Bank’s substantial easing of monetary policy... READ MORE
Liquidity boost for mortgage lenders
by Staff Reporter • 18 Feb 2009
Additional funds are set to be pumped into the mortgage market with the news that the next phase of Australian Office... READ MORE
Bendigo and Adelaide registers loss; up earning
by Staff Reporter • 17 Feb 2009
Bendigo and Adelaide Bank yesterday reported a fall in net profit of 17 per cent for the first half of the financial... READ MORE
Challenger posts strong earnings despite mark-to-market loss
by Staff Reporter • 17 Feb 2009
Challenger Financial’s solid mortgage management and life division have helped offset an otherwise tough year... READ MORE
Japan slowdown bad news for Australian economy
by Staff Reporter • 17 Feb 2009
A substantial slow down in Japan’s economy does not bode well for domestic economic conditions.
READ MORE
Housing finance up in December
by Staff Reporter • 17 Feb 2009
Further evidence that the lower rate environment has stimulated demand for home loans was revealed in strong ABS... READ MORE
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