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Rate cuts on the cards: RBA

by Staff Reporter • 6 Aug 2008

The RBA today left the official cash rate unchanged at 7.25 per cent but cuts might not be far away.

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Australian executives braced for tough times

by Staff Reporter • 5 Aug 2008

Australian business confidence has dropped rapidly as economic conditions show signs of further deterioration.

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HSBC reports steep profit decline

by Staff Reporter • 5 Aug 2008
Europe’s largest bank by market value HSBC yesterday reported a steep fall in profit for the first half of the... READ MORE

Job market shrinks

by Staff Reporter • 5 Aug 2008
Job ads continued to fall in July but the overall rate of decline has slowed compared to previous months, ANZ’s... READ MORE

AFM product to ?compete with banks?

by Staff Reporter • 5 Aug 2008
Amid a tough funding environment mortgage manager Australian First Mortgage (AFM) yesterday unveiled a new product... READ MORE

Banks using credit crunch to bolster profits: InfoChoice

by Staff Reporter • 4 Aug 2008
Banks’ profit margins rose by 30 per cent in the last six months to July from 135 bps in January to 180 bps,... READ MORE

Dwelling construction fails to keep up with immigration

by Staff Reporter • 4 Aug 2008
BIS Shrapnel’s latest building activity forecast report released today said a surge in engineering construction... READ MORE

Suncorp forecasts profit decline

by Staff Reporter • 1 Aug 2008
Suncorp’s net profit for the for the 12 month period to 30 June 2008 should be between $525 and $550 million,... READ MORE

HBOS profit dips but BankWest expansion to continue

by Staff Reporter • 1 Aug 2008

HBOS Australia today announced a $325 million profit before tax for the six months to 30 June 2008.

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Property prices will not fall 10 per cent: RP Data, Rismark

by Staff Reporter • 1 Aug 2008
Forecasts that house prices will fall by 10 per cent over the coming year are ungrounded, RP Data and Rismark... READ MORE

Adelaide Bank issues RMBS

by Staff Reporter • 1 Aug 2008

Adelaide Bank this week priced a $502.5 million prime RMBS.

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Insurance products gain traction with brokers

by Staff Reporter • 31 Jul 2008
Australian Life Insurance (ALI) today announced it has written over $10 billion in mortgage protection cover via the... READ MORE

Activity forecast for investor market

by Staff Reporter • 31 Jul 2008

Investors could be a prime target market for brokers as property prices soften and rental values soar.

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ASF presses for initiatives to protect securitisation

by Staff Reporter • 31 Jul 2008
The Australian Securitisation Forum (ASF) yesterday reignited calls for the government to address liquidity and... READ MORE

GE Money to fund AFM

by Staff Reporter • 31 Jul 2008
Australian First Mortgage has bolstered its access to funding through partnering with GE Money Third Party Solutions... READ MORE

Dwelling approvals continue downward slide

by Staff Reporter • 31 Jul 2008
Dwelling approvals continued to fall in June and are expected to flat line for the period ahead, data released by the... READ MORE

Plunging business conditions to usher 2009 rate cuts

by Staff Reporter • 30 Jul 2008
Business confidence has fallen to its lowest level since the end of the 1990 recession, NAB’s Quarterly Business... READ MORE

NZ building plans slump to seven year low

by Staff Reporter • 30 Jul 2008

Building consents in New Zealand continued to decline in June, Statistics New Zealand revealed yesterday.

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Country wide house prices falls recorded: APM

by Staff Reporter • 30 Jul 2008
National housing markets recorded their weakest quarter in four years in June, with widespread falls in values... READ MORE

Calm Melbourne market provides opportunities for buyers

by Staff Reporter • 29 Jul 2008
Melbourne property prices recovered from a fall in the March quarter to register moderate growth over the June... READ MORE

Connective CBA?s fastest growing aggregation partner

by Staff Reporter • 29 Jul 2008
Mark Haron, a principal of Connective, said yesterday the aggregation group has reached a loan book of $1 billion with... READ MORE

Mortgage Choice rejects merger bid

by Staff Reporter • 29 Jul 2008
Mortgage Choice yesterday told shareholders it had declined a merger proposal from financial advisory group Count... READ MORE

BankWest cuts Rate Tracker from broker channel

by Staff Reporter • 29 Jul 2008
BankWest will withdraw its Rate Tracker home loan from the broker channel effective this Wednesday, raising questions... READ MORE

US legislation milestone for housing market

by Staff Reporter • 28 Jul 2008
The US Senate passed a landmark piece of housing legislation on Saturday to accelerate assistance to the troubled... READ MORE

Flat first half for new home sales

by Staff Reporter • 28 Jul 2008

New home sales rose moderately in June but failed to alter what was an overall weak first half of 2008.

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ANZ plans for earning slide on back of increased bad debt provisions

by Staff Reporter • 28 Jul 2008
ANZ has warned its cash earnings per share could fall by 20 to 25 per cent in 2008 on the back of increased bad debt... READ MORE

NAB outlook revised to negative

by Staff Reporter • 28 Jul 2008
Standard & Poor’s has revised its outlook for National Australia Bank (NAB) from stable to negative in light... READ MORE

NAB makes $830m provisions on deteriorating CDO portfolio

by Staff Reporter • 25 Jul 2008
National Australia Bank (NAB) today announced the additional provision of $830 million to its portfolio of 10 CDOs... READ MORE

Demand for fixed-rates slides

by Staff Reporter • 25 Jul 2008
Borrowers would seem confident that rates are at or near their peak as the demand for fixed-rate loans... READ MORE

Lack of affordable housing keeps Gen Ys with mum and dad

by Staff Reporter • 25 Jul 2008

Data from the ABS yesterday revealed a rise in the number of young people living at home.

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