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Mortgage industry inquiry to boost competition
by Staff Reporter • 28 Nov 2008
The MFAA has welcomed a report by the House of Representatives Economics Committee on competition in the banking and...READ MORE
New home sales jump
by Staff Reporter • 28 Nov 2008
Last month's one per cent rate cut and the government's tripling of the First Home Owners Grant in mid-October has... READ MORE
Bankwest cuts fixed rates
by Staff Reporter • 28 Nov 2008
Bankwest has today cut its two year fixed rate home loan to 5.49 per cent p.a. (comparison rate of 7.38%) in... READ MORE
Sharp drop in CBD property sales
by Staff Reporter • 27 Nov 2008
Sales figures in the Sydney and Melbourne CBD property markets have fallen 64 per cent and 27.5 per cent respectively... READ MORE
US home prices slide further
by Staff Reporter • 27 Nov 2008
Home prices in the US continued to fall in the period to September 2008, data released by Standard & Poor’s... READ MORE
Non-conforming delinquencies still rising
by Staff Reporter • 27 Nov 2008
Australia’s non-conforming delinquency levels are expected to remain high in the near term as sluggish property... READ MORE
Building industry looks to first home owners for growth
by Staff Reporter • 27 Nov 2008
Aggressive rate cuts and tripling of the First Home Owner Grant for new dwellings should boost building activity... READ MORE
Australia to avoid recession: OECD
by Staff Reporter • 27 Nov 2008
In contrast with most other developed countries the Australian economy will continue to grow in 2009 according to The... READ MORE
Sharp December rate cut on the cards
by Staff Reporter • 26 Nov 2008
Speculation over the extent of the December rate cut has intensified with some tipping as much as a 1.25 per cent... READ MORE
Delinquencies continue upward climb
by Staff Reporter • 26 Nov 2008
The proportion of delinquent borrowers was 50 per cent higher in September than it was 10 months ago, according to... READ MORE
Refinancing activity to pick up
by Staff Reporter • 26 Nov 2008
Brokers can expect an upswing in refinancing activity in 2009 as homeowners choose to renovate in preference over... READ MORE
Broker sentiment swings to non-banks
by Staff Reporter • 25 Nov 2008
Confidence in the non-bank sector has re-emerged with 50 per cent of brokers now more open to writing non-bank... READ MORE
Assured joins Choice
by Staff Reporter • 25 Nov 2008
South Australian brokerage and mortgage manager, Assured Home Loans, has turned to Choice Aggregations Services to... READ MORE
Homeloans boosts broker commission
by Staff Reporter • 25 Nov 2008
Brokers who sell Homeloans Ltd's new range of full doc premium home loans will be rewarded by a one per cent upfront... READ MORE
Westpac strengthens broker business
by Staff Reporter • 25 Nov 2008
Westpac has beefed-up its third-party distribution capabilities with the announcement yesterday that Huw Bough will... READ MORE
Mortgage Ezy launches 3.99pc product
by Staff Reporter • 24 Nov 2008
The non-bank sector has upped the ante in its price war against the banks with the launch of a second 3.99 per cent... READ MORE
Mortgage funding outlook improving
by Staff Reporter • 24 Nov 2008
Members Equity has successfully priced a $600 million RMBS deal making it the second lender to benefit from the... READ MORE
World leaders promise further action to combat crisis
by Staff Reporter • 24 Nov 2008
The Asia-Pacific Economic Cooperation (APEC) has pledged to work together to combat the global financial crisis and... READ MORE
Residential building recovery in sight
by Staff Reporter • 24 Nov 2008
After nearly seven years of decline, housing starts are forecast to rise by 10 per cent next year.
READ MORE
FirstMac ?takes fight to banks? with 3.99pc introductory rate
by Staff Reporter • 22 Nov 2008
FirstMac today announced the launch of a 3.99 per cent introductory rate loan which it claims marks phase one of a... READ MORE
Banks seek guarantee time frame
by Staff Reporter • 21 Nov 2008
The government is under pressure to overhaul its deposit guarantee scheme just days before it comes into force.
READ MORE
Office market to heat up
by Staff Reporter • 21 Nov 2008
Buying activity in national office markets looks set to pick up as investors take advantage of lower interest rates... READ MORE
No impact to Citibank third-party business by worldwide job cuts
by Staff Reporter • 21 Nov 2008
The loss of around 100 Sydney jobs as part of a 50,000 worldwide cull announced this week will not affect... READ MORE
First home buyer activity highest in seven years
by Staff Reporter • 21 Nov 2008
New South Wales first home buyers have been the quickest to return to market following softer house prices and falling... READ MORE
ANZ 90pc LVR cap concern for industry
by Staff Reporter • 20 Nov 2008
Brokers are still digesting the news that ANZ has cut its maximum LVR from 95 to 90 per cent as concern mounts over... READ MORE
Bleak economic forecast from Westpac
by Staff Reporter • 20 Nov 2008
Despite strenuous reassurances from the RBA that Australia will weather the current economic crisis a leading index... READ MORE
Australia will weather crisis: RBA
by Staff Reporter • 20 Nov 2008
The outlook for the economy has deteriorated but is not as bleak as some commentary suggests, Reserve Bank governor... READ MORE
Regional banks less affected by credit crisis than majors
by Staff Reporter • 20 Nov 2008
The regional banking sector has recorded surprisingly strong results in the face of current market conditions, a KPMG... READ MORE
Finally, some relief for GE borrowers
by Staff Reporter • 19 Nov 2008
GE Money has announced that it will reduce interest rates for third-party distributors by 58 basis points however... READ MORE
Wage growth in decline
by Staff Reporter • 19 Nov 2008
Growth in total pay over the 12 months to November 2008 slowed to 4.0 per cent, down from a growth of 4.9 per cent in... READ MORE
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