Breaking News
World growth to slump in 2009
by Staff Reporter • 10 Dec 2008
The World Bank has revised down its forecasts for world economic growth and predicts a gloomy outlook for 2009.
READ MORELabour market continues to deteriorate
by Staff Reporter • 10 Dec 2008
The labour market continued to soften in November with job seekers facing increased competition for positions,... READ MORE
New year rate cut far from certain
by Staff Reporter • 10 Dec 2008
The RBA will not rush into any further cash rate reductions without giving the most recent cuts time to take... READ MORE
Cash rate to hit 3pc as business confidence slumps: NAB
by Staff Reporter • 9 Dec 2008
Borrowers could see more fiscal stimulus from the government and even more aggressive cash rate cuts as the outlook... READ MORE
Stimulus package could miss the mark
by Staff Reporter • 9 Dec 2008
The impact the Rudd government’s stimulus package will have on the economy could be limited with only a minority... READ MORE
US market rallies on Obama public investment pledge
by Staff Reporter • 9 Dec 2008
The United States will benefit from the biggest public-works spending package in half a century next year as the... READ MORE
ANZ first to raise funds with government guarantee
by Staff Reporter • 9 Dec 2008
ANZ looks set today to become the first Australian bank to utilise the government’s wholesale guarantee... READ MORE
Lending growth defies tough times
by Staff Reporter • 9 Dec 2008
Despite hard economic conditions mortgage lending continues to grow at an annual rate of around ten per cent,... READ MORE
First home buyer activity surges
by Staff Reporter • 9 Dec 2008
After remaining dormant for most of 2008 first home buyers are back with a vengeance according to sales figures... READ MORE
Brokers concerned over big bank servicing capabilities
by Staff Reporter • 8 Dec 2008
Smaller lenders and regional banks could regain broker business as some of the majors struggle to maintain servicing... READ MORE
Members Equity seeks alliances to boost market share
by Staff Reporter • 8 Dec 2008
Members Equity Bank has entered into preliminary discussions to form strategic alliances with other lenders with view... READ MORE
Consumer sentiment and spending key to economic recovery
by Staff Reporter • 8 Dec 2008
Australia’s economy does not have to fall into recession but negative sentiment could see the country talk... READ MORE
ANZ to cut 800 jobs in next two weeks
by Staff Reporter • 8 Dec 2008
ANZ confirmed on Friday that up to 800 of the bank’s employees will lose their jobs before Christmas.
READ MOREMacquarie sheds jobs
by Staff Reporter • 5 Dec 2008
The global financial crisis reared its ugly head in Australia yesterday with reports that up to 1000 Macquarie Group... READ MORE
CBA tops majors with best SVR rate
by Staff Reporter • 5 Dec 2008
A gap of 0.26 per has cent opened up between the comparison rates offered by the big banks following the RBA’s... READ MORE
Challenger prices $824m RMBS deal
by Staff Reporter • 5 Dec 2008
The non-bank sector has received a further liquidity injection after Challenger Mortgage Management successfully... READ MORE
UK rates slashed to lowest in 70 years
by Staff Reporter • 5 Dec 2008
English rates have fallen to their lowest level since 1939 as the Bank of England battles recession.
READ MOREWeak building approvals to persist into new year
by Staff Reporter • 5 Dec 2008
Building approvals were again weak in October and are expected to remain so for much of 2009.
READ MORECity Pacific sells franchise brokerage
by Staff Reporter • 4 Dec 2008
Franchise brokerage City Pacific Finance, subsidiary of embattled City Pacific, will be sold to OneLend... READ MORE
Government urged to support shared equity products
by Staff Reporter • 4 Dec 2008
The federal opposition has called on the government to invest up to $500 million to support shared equity... READ MORE
Challenger refines operations
by Staff Reporter • 4 Dec 2008
Challenger Mortgage Management has announced further restructuring that will see Alex Moulieris move to a non... READ MORE
Record chop for NZ rates
by Staff Reporter • 4 Dec 2008
The Reserve Bank of New Zealand (RBNZ) slashed its cash rate by an unprecedented 150 basis points today in a bid to... READ MORE
Jennifer Nielsen to head ?online and marketing? for Ray White
by Staff Reporter • 4 Dec 2008
One year after the X Inc and Ray White’s Loan Market merger, CEO Jenifer Nielsen has stepped down.
Economy narrowly avoids negative growth
by Staff Reporter • 4 Dec 2008
Australian economic growth buckled in the September quarter under the weight of 12 year high interest rates, a... READ MORE
US a year into recession
by Staff Reporter • 3 Dec 2008
The American economy is officially in recession the country’s National Bureau of Economic Research has... READ MORE
Consumer spending up in October
by Staff Reporter • 3 Dec 2008
Retail spending improved surprisingly in October, ABS data released yesterday revealed.
READ MOREMajor banks quick to cut rates
by Staff Reporter • 3 Dec 2008
Most of the big banks have wasted no time in announcing rate reductions but not all have decided to hand back the full... READ MORE
Property market to pick up on back of rate reductions
by Staff Reporter • 3 Dec 2008
Another sizeable rate cut from the RBA yesterday is welcome news for the mortgage industry and could now spark... READ MORE
Cash rate hits six year low
by Staff Reporter • 3 Dec 2008
The official cash rate has fallen to 4.25 per cent after the Reserve Bank today made a further reduction of 100 basis... READ MORE

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