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August sales slump as borrowers ?fence sit?
by Staff Reporter • 4 Sep 2008
Mortgage sales dipped by 20 per cent in August for aggregator AFG, the group’s Mortgage Index revealed...READ MORE
Bluestone ends originations
by Staff Reporter • 4 Sep 2008
Bluestone has finally ceased originating non-conforming loans as funding costs proved simply too high to... READ MORE
Slowing economy could prompt more rate cuts
by Staff Reporter • 3 Sep 2008
Economic growth figures from the ABS today confirm Australia needed yesterday’s reduction to the cash... READ MORE
Industry associations welcome rate cut
by Staff Reporter • 3 Sep 2008
Industry associations yesterday welcomed the Reserve Bank’s decision to reduce interest rates by 0.25 per cent.... READ MORE
Loan settlements, deposits up for Savings & Loans
by Staff Reporter • 3 Sep 2008
Savings & Loans grew its assets under management to a record $3 billion and grew its deposits and loan settlements... READ MORE
Homeloans delivers results for FY2008
by Staff Reporter • 3 Sep 2008
Homeloans Ltd over the weekend reported a net profit after tax, before significant items, of $4.7 million, for the... READ MORE
Lenders swift to pass on RBA rate cut
by Staff Reporter • 3 Sep 2008
Lenders were quick to pass on today’s RBA rate cut of 0.25 per cent, with a flurry of rate announcements coming... READ MORE
Rate relief finally delivered
by Staff Reporter • 3 Sep 2008
The RBA today cut the official cash rate by 25 basis points to seven per cent – the first reduction in nearly... READ MORE
Building approvals continue downward slide
by Staff Reporter • 2 Sep 2008
Building approvals for new homes continued to decline in July, figures from the ABS showed today.
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Billion dollar RMBS for St George
by Staff Reporter • 2 Sep 2008
St George Bank yesterday issued a $1 billion RMBS deal – the largest RMBS deal so far this year.
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Grave forecasts for the UK
by Staff Reporter • 1 Sep 2008
Britain is facing the worst economic downturn in 60 years, Great Britain’s Chancellor Alistair Darling told The... READ MORE
Housing affordability deteriorates in every state and territory
by Staff Reporter • 1 Sep 2008
Housing affordability for both renters and buyers deteriorated in every state and territory over the June quarter, the... READ MORE
Property prices slide but sharp fall unlikely: RP Data, Rismark
by Staff Reporter • 1 Sep 2008
The national property market continued to lose ground in July – the national dwelling value now down by 1.81 per... READ MORE
Auctions slump as buyers await rate cut
by Staff Reporter • 1 Sep 2008
Auction clearance rates remained low across the country over the weekend, as buyers wait for the anticipated... READ MORE
Wizard first to cut rates
by Staff Reporter • 1 Sep 2008
Wizard Home Loans is the first lender in seven years to cut its standard variable lending rate.
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Poor start for new home sales in 2008/09 financial year.
by Staff Reporter • 29 Aug 2008
New home sales dropped by 7.2 per cent in July 2008 according to figures released by HIA this morning, reinforcing... READ MORE
CBA buys third of Aussie
by Staff Reporter • 29 Aug 2008
The Commonwealth Bank (CBA) today revealed that it has reached an agreement to purchase a 33 per cent stake in Aussie... READ MORE
ANZ cuts fixed lending rates again
by Staff Reporter • 29 Aug 2008
ANZ has reduced its fixed rate home loans for the second time this month.
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Business brisk for regional brokers
by Staff Reporter • 28 Aug 2008
While high interest rates have hurt many metropolitan property markets, prospects are bright for brokers in regional... READ MORE
Another MFAA member suspended
by Staff Reporter • 28 Aug 2008
The MFAA has suspended its second member in as many weeks as it attempts to rid the industry of fringe brokers.
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WA?s shared equity scheme running out of funds
by Staff Reporter • 28 Aug 2008
Western Australia’s first home buyer shared equity scheme First Start could be under threat as its funding dries... READ MORE
Adelaide on top for capital growth in units
by Staff Reporter • 28 Aug 2008
Adelaide is offering unit investors the highest capital growth, research released by RP Data yesterday has... READ MORE
Virgin Money "expected loss making position"
by Staff Reporter • 28 Aug 2008
Virgin Money has reported a $19.5 million loss for the year to March 2008, making it its third consecutive year of... READ MORE
No sign of residential building recovery
by Staff Reporter • 28 Aug 2008
Residential building activity rose only slightly in the June quarter by 0.2 per cent, ABS data showed today.
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Slight profit dip for Police & Nurses
by Staff Reporter • 27 Aug 2008
Police and Nurses Credit Society yesterday posted a $19.2 million net profit for the 2007/08 financial year.
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Investment opportunities ripe in regional Australia
by Staff Reporter • 27 Aug 2008
Australia’s regional and rural property sectors are showcasing strong growth and good investment opportunities,... READ MORE
Suncorp profits almost halved
by Staff Reporter • 27 Aug 2008
Suncorp today reported a slide in annual profit for the 2008 financial year of 47.7 per cent to $556 million. This... READ MORE
Securitsers? assets continue to fall
by Staff Reporter • 27 Aug 2008
Assets of Australian securitisers were down 5.7 per cent to $238.9 billion at the end of the June quarter compared to... READ MORE
Wide Bay profit soars
by Staff Reporter • 26 Aug 2008
Wide Bay Australia yesterday delivered a record profit of $18.16 million after tax for the 2008 financial year.... READ MORE
Rates to fall, but not by much: BIS
by Staff Reporter • 26 Aug 2008
A downward interest rate cycle is now widely anticipated but just how far can brokers expect rates to fall?
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