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Rates hinge on balance between economic slowdown and inflation: RBA
by Staff Reporter • 11 Nov 2008
The Reserve Bank will be seeking to “strike the appropriate balance” between avoiding an unduly sharp...READ MORE
First home buyer activity up
by Staff Reporter • 11 Nov 2008
The Reserve Bank’s first rate reduction of 0.25 per cent in September has triggered a pick up in the first home... READ MORE
G20 vows further action for global financial system
by Staff Reporter • 10 Nov 2008
The Group of 20 Nations (G20) has pledged to continue working together to restore stability and foster growth in the... READ MORE
Mutuals poised to move in as second tier banks disappear
by Staff Reporter • 10 Nov 2008
Credit unions and building societies are gearing up to grab market share as second tier banks are swallowed up by the... READ MORE
Sydney, Melbourne property markets still slow
by Staff Reporter • 10 Nov 2008
The nation’s leading property markets once again failed to deliver impressive auction results over the weekend,... READ MORE
English rates slashed to lowest level in over 50 years
by Staff Reporter • 7 Nov 2008
The Bank of England has slashed the official cash rate by 150 basis points in a bid to soften the impact of the... READ MORE
Mortgagors raid super to stay afloat
by Staff Reporter • 7 Nov 2008
A greater number of stressed mortgagors are turning to their superannuation funds in a bid to avoid losing their... READ MORE
October unemployment figures steady
by Staff Reporter • 7 Nov 2008
The unemployment rate remained unexpectedly steady in October despite deteriorating economic conditions and... READ MORE
First home buyers, refinancing boost market activity
by Staff Reporter • 7 Nov 2008
Increased first home buyer and refinancing business over October has driven an 18 per cent increase in mortgage sales... READ MORE
St George meets majors on SVR rate
by Staff Reporter • 7 Nov 2008
St George yesterday concluded the major banks’ response to this month’s rate cut by passing on a reduction... READ MORE
AMP borrowers see 75bp cut
by Staff Reporter • 6 Nov 2008
AMP has surpassed the major banks and passed on the full 75 basis points of the RBA’s Tuesday rate cut.
READ MORE
Financial crisis triggers high-end market slump
by Staff Reporter • 6 Nov 2008
Prestigious housing markets are facing price falls greater than their outer-suburban counterparts as a result of the... READ MORE
Deposit guarantee scheme keeping rates high
by Staff Reporter • 6 Nov 2008
The government’s deposit guarantee scheme is distorting financial markets, keeping interest rates on deposits... READ MORE
Industry groups call for action as housing approvals slide
by Staff Reporter • 6 Nov 2008
Building approvals suffered a sharp decline in September ABS data released yesterday revealed.
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Westpac delivers rate cut to customers
by Staff Reporter • 6 Nov 2008
Westpac is the second major bank to move on yesterday’s RBA rate reduction, announcing a 0.65 per cent drop to... READ MORE
Federal budget hit by financial crisis
by Staff Reporter • 5 Nov 2008
The federal budget has taken a $40 billion hit as a consequence of the global financial crisis, Wayne Swan has... READ MORE
Allco succumbs to credit crisis
by Staff Reporter • 5 Nov 2008
Allco Finance Group, parent of white label sub-prime lender Mobius, was placed into administration over night after an... READ MORE
PCA attacks property tax
by Staff Reporter • 5 Nov 2008
The Property Council of Australia (PCA) is calling for a cut to stamp duty as part of an overhaul of the state tax... READ MORE
Rate cut welcomed but banks slow to pass on
by Staff Reporter • 5 Nov 2008
Lenders have been slow to react to the RBA’s 75 basis points rate cut, with CBA the only big bank to announce... READ MORE
75bps rate cut solid result: HIA
by Staff Reporter • 5 Nov 2008
Property industry bodies have been quick to welcome yesterday’s larger than expected 75 basis points cut by the... READ MORE
Rates cut by 75bps
by Staff Reporter • 5 Nov 2008
The RBA this afternoon slashed the official cash rate by 75 basis points to 5.25 per cent.
READ MORE
Credit ratings under scrutiny
by Staff Reporter • 4 Nov 2008
Credit ratings agencies may need financial services licences to operate as the government looks to resolve concerns... READ MORE
First home buyers return to market
by Staff Reporter • 4 Nov 2008
The introduction of beefed-up first home buyer grants has translated into increased activity, according to major... READ MORE
Keep cutting rates: IMF
by Staff Reporter • 4 Nov 2008
With the RBA and a string of other central banks poised to make rate announcements this week any cuts will be welcomed... READ MORE
FirstMac looking to acquire building society
by Staff Reporter • 4 Nov 2008
FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial... READ MORE
Rates still a concern to businesses
by Staff Reporter • 4 Nov 2008
Australian executives are bracing for tough business conditions moving into the new year, according to Dun &... READ MORE
Unemployment tipped to hit 6.5pc
by Staff Reporter • 4 Nov 2008
Businesses’ hiring intentions continued to decrease in October with ANZ’s Job Advertisement Series falling... READ MORE
House prices fall in September quarter
by Staff Reporter • 3 Nov 2008
Despite optimism for property values for the year ahead, ABS data showed today that house prices suffered further... READ MORE
Auctions still weak
by Staff Reporter • 3 Nov 2008
Weekend auction activity failed to pick up again despite the first home owner boost and the prospect of further rate... READ MORE
House prices to revive in 2009
by Staff Reporter • 3 Nov 2008
Brokers can expect a brighter year ahead with residential property prices tipped to rise over 2009 after suffering... READ MORE
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