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Industry split over fee-based future
by Staff Reporter • 26 Jun 2008
Reduced commissions may accelerate the transition towards a fee-based structure for Australian brokers however...READ MORE
Wealth on the rise
by Staff Reporter • 26 Jun 2008
The annual World Wealth Report released by Merrill Lynch yesterday has revealed the number of wealthy Australians grew... READ MORE
ASIC serves warning for upcoming reporting period
by Staff Reporter • 25 Jun 2008
In a statement released yesterday, ASIC has warned companies and auditors to ensure that they are adequately prepared... READ MORE
Population surge adds pressure to housing crisis
by Staff Reporter • 25 Jun 2008
Australia’s population grew by 332,000 people in 2007 to 21.18 million which has added further pressure to the... READ MORE
Banks triple bond issuance
by Staff Reporter • 25 Jun 2008
Australia’s Big Four banks have issued $14.8 billion in bonds so far this year to meet increased demands from... READ MORE
175,000 finance jobs to go worldwide
by Staff Reporter • 25 Jun 2008
Up to 175,000 jobs with financial firms could be axed globally by this time next year as a result of write downs and... READ MORE
Housing loans drive banks? growth
by Staff Reporter • 24 Jun 2008
Australian banks registered a 22.3 per cent growth in total assets over the year to December 31st 2007, APRA announced... READ MORE
Labour outlook gloomy: Melbourne Institute
by Staff Reporter • 24 Jun 2008
The Melbourne Institute’s Monthly Bulletin of Economic Trends report has revealed that the growth outlook for... READ MORE
Commission cuts no impact on Refund Home Loans
by Staff Reporter • 24 Jun 2008
Refund Home Loans (Refund) is adamant its business model will remain unchanged despite reductions of up to 30 per cent... READ MORE
APRA chairman to stay put
by Staff Reporter • 24 Jun 2008
Treasurer Wayne Swan announced to Parliament yesterday the reappointment of APRA chairman Dr John Laker and deputy... READ MORE
CHOICE slams St George Westpac merger
by Staff Reporter • 24 Jun 2008
The Australian Consumers Association (CHOICE) has called on the Australian Consumer Competition Commissions (ACCC) to... READ MORE
Consumer credit card spending growth slows
by Staff Reporter • 24 Jun 2008
Consumer credit card spending registered a three per cent rise in April from March – the slowest growth seen in... READ MORE
SEQUAL appoints new CEO
by Staff Reporter • 24 Jun 2008
Kevin Conlon has been appointed as the new chief executive officer of the Senior Australian Equity Release Association... READ MORE
US rates to hold, for now
by Staff Reporter • 23 Jun 2008
The US Federal Reserve is unlikely to raise rates this week despite indications that economic growth may... READ MORE
MFAA responds to green paper: federal regulation required
by Staff Reporter • 23 Jun 2008
Non-bank lenders and brokers will recommend that the federal government take over the regulation of all credit... READ MORE
Housing crisis a ?chronic disease?
by Staff Reporter • 23 Jun 2008
Housing affordability should be redefined as a ‘chronic disease’ and a national health style strategy... READ MORE
Jobs growth predicated for white collar sector
by Staff Reporter • 23 Jun 2008
Over 60 per cent of white collar employers are expecting to grow staff numbers over the next 12 months, recruitment... READ MORE
Jobs rate to remain strong
by Staff Reporter • 20 Jun 2008
Australia’s employment rate is expected to remain strong despite evidence of a slowing economy, the latest... READ MORE
ANZ restructures commissions
by Staff Reporter • 20 Jun 2008
ANZ today confirmed its new broker commission structure to aggregation groups and brokerages.
READ MORE
Land tax too high
by Staff Reporter • 19 Jun 2008
The Australian government will net more than $21 billion from real estate, stamp duty and land tax throughout 2008-09,... READ MORE
Queensland affordability slumps
by Staff Reporter • 19 Jun 2008
Figures released by RP Data have shown that on average Queenslanders contributed more than 40 per cent of their salary... READ MORE
St George completes funding requirements for 2008
by Staff Reporter • 19 Jun 2008
St George yesterday announced that had completed 100 per cent of its financial year 2008 term wholesale funding... READ MORE
GMAC-RFC suspends funding
by Staff Reporter • 19 Jun 2008
Effective 10.30 a.m. today GMAC-RFC (GMAC) ceased funding new loans while it undergoes a “strategic... READ MORE
RBA economic outlook reveals rates likely to remain stable
by Staff Reporter • 19 Jun 2008
Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in... READ MORE
Heritage Building Society to raise $95m
by Staff Reporter • 18 Jun 2008
Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.
READ MORE
Residential loan performance slides: Moody's
by Staff Reporter • 18 Jun 2008
Spiralling average loan sizes and LVRs over the last three years could spell trouble for lenders, Moody’s... READ MORE
Mortgage insurers predict slowdown
by Staff Reporter • 17 Jun 2008
Mortgage insurers PMI and Genworth Financial are braced for a slowdown in business, reported The Australian... READ MORE
LJ Hooker to add 100 loan consultants
by Staff Reporter • 17 Jun 2008
100 loan consultants will join LJ Hooker’s real estate network by the end of the year in response to an increase... READ MORE
Suncorp to focus on growth in booming WA
by Staff Reporter • 17 Jun 2008
Banking group Suncorp will close five of its retail banking branches in regional NSW and its Bendigo branch in... READ MORE
Stamp duty for first home buyers should be axed: Senate committee
by Staff Reporter • 17 Jun 2008
A Senate Select Committee chaired by Liberal senator Marise Payne has recommended that stamp duty exemptions be... READ MORE
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