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SME's credit demand slides

by Staff Reporter • 7 Jul 2008
A drop in business confidence, the credit crunch and a decrease in SME’s need to debt has resulted in a...READ MORE

St George hikes rates by 20bps

by Staff Reporter • 7 Jul 2008
St George announced a 20 basis points increase to its standard variable home loan rate on Friday to 9.67 per... READ MORE

Pepper cuts sales jobs; recruits operations staff

by Staff Reporter • 4 Jul 2008
A drop in volumes has forced Pepper Homeloans to axe six staff in its sales and sales support divisions this... READ MORE

National recession for mortgage sales

by Staff Reporter • 4 Jul 2008
National mortgage sales have fallen into a recession according to sales figures released by the Australian Financial... READ MORE

Single e-conveyancing system finally gets go ahead

by Staff Reporter • 4 Jul 2008
The Council of Australian Governments (COAG) yesterday agreed to the establishment of a national e-conveyancing... READ MORE

COAG agrees on federal regulation of financial services

by Staff Reporter • 4 Jul 2008
The Commonwealth government yesterday reached an agreement with State and Territory governments to assume... READ MORE

ING rations wholesale funding

by Staff Reporter • 4 Jul 2008
IING DIRECT told mortgage managers this week that it has capped the amount of wholesale funds it will make available... READ MORE

Building approvals down in May

by Staff Reporter • 3 Jul 2008
Dwelling approvals suffered a significant 6.5 per cent fall in May, seasonally adjusted, ABS figures revealed... READ MORE

Arrears on rise in local RMBS market

by Staff Reporter • 3 Jul 2008
Prime residential mortgage arreas rose for the fifth consecutive month in April, according to Standard &... READ MORE

Commercial property activity slumps to lowest in 15 years

by Staff Reporter • 3 Jul 2008
Commercial property sales fell 60 per cent in the first half of 2008 compared to the first half of 2007, according to... READ MORE

Adelaide Bank restructures commissions

by Staff Reporter • 3 Jul 2008
Adelaide Bank this afternoon revealed a new “simple, predictable and sustainable” broker commissions... READ MORE

Bank of America buys Countrywide

by Staff Reporter • 2 Jul 2008
Embattled US home lender Countrywide Financial Corp has been purchased by Bank of America (BoA) for an estimated 37... READ MORE

E-conveyancing meets more road blocks

by Staff Reporter • 2 Jul 2008
Plans for a single national system for electronic property transaction settlements is set to meet resistance from the... READ MORE

New wave of borrowers heading for mortgage stress

by Staff Reporter • 2 Jul 2008
Australia is expected to experience a significant rise in mortgage stress as a wave of borrowers move off their fixed... READ MORE

Rates remain on hold, for now

by Staff Reporter • 2 Jul 2008

Mortgage businesses can rest easy for another month as the RBA left rates unchanged this afternoon.

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Housing credit growth slowest since 1991

by Staff Reporter • 1 Jul 2008

Housing finance growth figures fell in May to their lowest level in 17 years, the RBA revealed today.

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A million homes needed by 2013

by Staff Reporter • 1 Jul 2008
Australia will need another one million homes built over the next five years to accommodate its growing... READ MORE

National house values stable

by Staff Reporter • 1 Jul 2008
Despite market sentiment that property prices were likely to slide, values have remained steady for the first five... READ MORE

Rates under pressure: gloabl economic instability

by Staff Reporter • 1 Jul 2008
The Bank of International Settlements’ annual report has warned that the global economy is under serious... READ MORE

Australia slips in property transparency index

by Staff Reporter • 30 Jun 2008
Australia lost its number 1 ranking in the Global Real Estate Transparency Index from Jones Lang LaSalle Investment... READ MORE

Members Equity Bank prices $470 RMBS

by Staff Reporter • 30 Jun 2008
Members Equity Bank’s successfully priced a $470 million Maxis Loan Securitisation Fund 2008-1 residential... READ MORE

Rates tipped to stay put

by Staff Reporter • 30 Jun 2008

The RBA is expected to hold rates tomorrow following a month of subdued retail sales and slowed credit growth.

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Tax breaks for Queensland borrowers

by Staff Reporter • 30 Jun 2008
Queensland home buyers have been boosted by tax benefits across stamp duty, mortgage duty and the land tax threshold... READ MORE

Auction clearances down

by Staff Reporter • 30 Jun 2008
Property sales slumped this weekend with auctions delivering poor results in most markets according to data from... READ MORE

Workforce shortage increases rates pressure

by Staff Reporter • 27 Jun 2008

Tight conditions in the labour market could trigger another interest rate rise.

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Builders in the red

by Staff Reporter • 27 Jun 2008
Small construction groups make up 20 per cent of businesses that go into administration according to an ASIC report... READ MORE

Credit reporting reform could boost economy, help borrowers

by Staff Reporter • 27 Jun 2008
Reforms to the Australian credit reporting system could boost the Australian economy by $1.7 billion, help lower... READ MORE

Wide Bay completes Mackay Permanent acquisition

by Staff Reporter • 27 Jun 2008
Wide Bay gained control of Mackay Permanent on January 10 after achieving 90% acceptance of shareholders; full... READ MORE

Fed holds rates at 2.0pc

by Staff Reporter • 26 Jun 2008
The US Federal Reserve’s (Fed) Federal Open Market Committee left rates unchanged at two per cent it was... READ MORE

Macquarie prices $315 million RMBS

by Staff Reporter • 26 Jun 2008
Macquarie Securitisation Limited's latest foray back into the capital markets bodes well for Australian securitised... READ MORE
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