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RBA governor stresses need for moderation
by Staff Reporter • 17 Jun 2008
In a speech to the American Chamber of Commerce on Friday, RBA governor Glenn Stevens once again emphasised the need...READ MORE
Clearance rates still struggle
by Staff Reporter • 17 Jun 2008
Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from... READ MORE
Commission cuts drive broker support for non-banks
by Staff Reporter • 17 Jun 2008
Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.
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Population explosion to drive rents up
by Staff Reporter • 16 Jun 2008
Record high national population growth is expected to fuel strong rental increases in most capital cities across... READ MORE
G-8 ministers warn of global inflation risk
by Staff Reporter • 16 Jun 2008
Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.
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Commercial clearance rates sink in May
by Staff Reporter • 14 Jun 2008
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling... READ MORE
Jobs fall 37.2 pc in banking, mortgages
by Staff Reporter • 14 Jun 2008
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index... READ MORE
No immediate commission cuts expected: Adelaide, ING
by Staff Reporter • 13 Jun 2008
With ANZ the only big five bank yet to announce changes to broker commissions, the second tier banks have now taken... READ MORE
BankWest opens first of 50 new retail stores
by Staff Reporter • 12 Jun 2008
BankWest yesterday unveiled the first of more than 50 new Victorian retail stores.
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US loan application volumes improve
by Staff Reporter • 12 Jun 2008
The US mortgage market has showed signs of improvement, data from the Mortgage Bankers Association (MBA) showed... READ MORE
Consumer confidence plunges unexpectedly
by Staff Reporter • 12 Jun 2008
Consumer sentiment took an unanticipated 5.6 per cent plunge in June, the Westpac Melbourne Institute Index of... READ MORE
Government unveils Housing Affordability Fund
by Staff Reporter • 12 Jun 2008
The Rudd government yesterday released the technical paper on its $512 million Housing Affordability Fund, which will... READ MORE
Commercial finance commitments continue downward trend
by Staff Reporter • 12 Jun 2008
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted... READ MORE
Macquarie?s first 2008 no- and low-doc RMBS rated AAA
by Staff Reporter • 12 Jun 2008
The class A notes of Macquarie’s first no- and low-doc RMBS issue for the year was today assigned a... READ MORE
ANZ in commission restructure talks
by Staff Reporter • 11 Jun 2008
Consultation about possible changes to its commissions structure is currently underway between ANZ and broker groups,... READ MORE
Lehman Brothers to deliver shock quarterly loss
by Staff Reporter • 11 Jun 2008
Lehman Brothers announced overnight that it expected a second quarter loss of US$2.8 billion ($2.95 billion), which... READ MORE
Suncorp latest to change broker commissions
by Staff Reporter • 11 Jun 2008
Suncorp confirmed today that it will introduce a new broker commission structure designed to reward "persistent,... READ MORE
New legislation should encompass ?inextricably linked? credit...
by Staff Reporter • 11 Jun 2008
The FBAA yesterday called on the Federal government to broaden the scope of its proposed financial services sector... READ MORE
Non-bank market share slides in April
by Staff Reporter • 10 Jun 2008
In further evidence that the non-bank sector has been hit hard by current market conditions, ABS figures released... READ MORE
Broker numbers to drop by 30pc
by Staff Reporter • 10 Jun 2008
Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears... READ MORE
Outlook bleak for Australian businesses
by Staff Reporter • 10 Jun 2008
The Australian business community has bleak expectations for the September quarter, Dun & Bradstreet’s... READ MORE
House prices plummet
by Staff Reporter • 10 Jun 2008
Australian house values experienced the largest quarterly fall in five years during the March quarter, according to... READ MORE
SA first home buyers granted stamp duty relief
by Staff Reporter • 6 Jun 2008
South Australian first home buyers will benefit from a $4,000 stamp duty grant in a new measure announced in the... READ MORE
Inquiry launched into the lending industry
by Staff Reporter • 6 Jun 2008
The House of Representatives economics committee yesterday launched an inquiry into the Australian banking... READ MORE
Mobius ratings on CreditWatch negative
by Staff Reporter • 6 Jun 2008
In more bad news for Mobius, Standard & Poor’s Ratings Service this week placed the ratings on several of... READ MORE
Macquarie pulls back on personal loans
by Staff Reporter • 5 Jun 2008
Macquarie Consumer Finance confirmed with Mortgage Business today that it will discontinue originating its fixed-rate... READ MORE
GDP growth rate slows
by Staff Reporter • 5 Jun 2008
Gross domestic product (GDP) rose a surprising 0.6 per cent, seasonally adjusted, in the March quarter ABS data... READ MORE
Current under-building to leave decade long housing shortage
by Staff Reporter • 5 Jun 2008
Australia’s current slump in residential construction will leave a legacy of insufficient dwelling stock for the... READ MORE
May mortgage sales reveal plummeting borrower confidence
by Staff Reporter • 5 Jun 2008
Mortgage sale figures released by the Australian Finance Group (AFG) yesterday revealed a dramatic fall in consumer... READ MORE
Green Paper brings national regulation one step closer
by Staff Reporter • 5 Jun 2008
The minister for Superannuation and Corporate Law, Senator Nick Sherry, yesterday released the Green Paper for... READ MORE
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