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Consumer appetite for debt slows

by Staff Reporter • 12 Feb 2008
Australian consumers have become increasingly cautious about taking on extra debt, the Veda Advantage Credit Demand...READ MORE

ASIC to review home loan fees ?immediately?

by Staff Reporter • 12 Feb 2008
ASIC will commence its examination into home loan switching fees immediately in line with the Federal... READ MORE

Turbulent market could favour non-banks

by Staff Reporter • 12 Feb 2008

Volatile market conditions and a rising rate environment could pave the way for a resurgent non-bank sector.

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Monetary policy requires further tightening: RBA

by Staff Reporter • 12 Feb 2008
Inflation risks remain uncomfortably high and monetary policy is likely to need further tightening, the RBA warned... READ MORE

Home refinance activity increases during December

by Staff Reporter • 12 Feb 2008
The value of housing loans refinanced during December 2007 rose a seasonally adjusted 6.6 per cent ($260 million)... READ MORE

Swan approves measures to tackle switching fees

by Staff Reporter • 11 Feb 2008
Federal Treasurer Wayne Swan approved four measures to tackle barriers to switching banks at Friday’s meeting... READ MORE

Thousands of fixed-rate mortgages set to expire

by Staff Reporter • 11 Feb 2008
Tens of thousands of borrowers will soon be looking to refinance their home loans as their fixed-rate mortgages expire... READ MORE

Fear for viability of low and no doc loans

by Staff Reporter • 11 Feb 2008
Brokers may avoid selling low and no doc loans under proposed national industry legislation, broker groups have... READ MORE

QLD residential property supply hit by property group collapse

by Staff Reporter • 11 Feb 2008
In a blow to the Queensland residential property sector over 200 residential building projects have been left in the... READ MORE

NAB lifts variable home loan rate

by Staff Reporter • 9 Feb 2008

NAB is the latest major bank to announce rate increases that exceed the RBA’s 25 basis points hike.

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Deposit accounts attractive source of funding

by Staff Reporter • 9 Feb 2008
Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit... READ MORE

NAB acquires RHG mortgages

by Staff Reporter • 8 Feb 2008
National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by... READ MORE

AMP lifts rates by 0.33 per cent

by Staff Reporter • 8 Feb 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise,... READ MORE

Interest rate cuts may not benefit UK borrowers

by Staff Reporter • 8 Feb 2008
The Bank of England’s Monetary Policy Committee reduced interest rates yesterday by 0.25 percentage points to... READ MORE

Nationwide office vacancies lowest in 20 years

by Staff Reporter • 7 Feb 2008
Office markets around the country have recorded their best performance in 20 years according to the Property... READ MORE

GMAC reports US$724 million fourth quarter loss

by Staff Reporter • 7 Feb 2008
US-based GMAC Financial Services this week reported a US$724 million ($811 million) net loss for the fourth quarter,... READ MORE

Swan fast-tracks plans to cut switching fees

by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has fast-tracked plans to make switching between home loan providers easier after... READ MORE

CBA?s rate rise condemned by Swan

by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has condemned the Commonwealth Bank’s (CBA) decision to lift its standard variable... READ MORE

Global institutions tighten lending standards

by Staff Reporter • 6 Feb 2008
The US Federal Reserve’s Senior Loan Officer Opinion Survey revealed this week that an increasing number of... READ MORE

Moody?s considers change to rating systems

by Staff Reporter • 6 Feb 2008
Credit rating firm Moody’s Investors Service has put forward a request for comment regarding changes to how it... READ MORE

Tax cuts spur inflation

by Staff Reporter • 6 Feb 2008

$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ.

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Sydney rental market still tight

by Staff Reporter • 6 Feb 2008
Sydney residential vacancy rates rose slightly to 1.2 per cent in January, but sustained under-supply of rental... READ MORE

Prime mortgage delinquencies lowest in two years

by Staff Reporter • 6 Feb 2008
Q407 results from Fitch Ratings’ “Dinkum Index” have shown a decline in the number of delinquencies... READ MORE

Rates rise by 0.25 per cent

by Staff Reporter • 6 Feb 2008
The Reserve Bank lifted the official cash rate today, as expected, by 25 basis points to seven per cent – the... READ MORE

December dwelling approval results signal end to market revival

by Staff Reporter • 6 Feb 2008
National building approvals fell by a sharp 16 per cent during December from November to a seasonally adjusted 12,263... READ MORE

Banks in good shape: Fitch

by Staff Reporter • 6 Feb 2008
Australian banks are strong and should be well positioned to handle the turmoil currently enveloping global markets,... READ MORE

All bids in for Northern Rock

by Staff Reporter • 5 Feb 2008
Virgin Group yesterday submitted a reduced £1.2 billion (A$2.61 billion) bid to take over Northern Rock and... READ MORE

Lenders warned of ?bleak? outlook

by Staff Reporter • 5 Feb 2008
The JP Morgan and Fujitsu Consulting monthly consumer survey has found around 300,000 Australian households are... READ MORE

House prices rise in all capitals

by Staff Reporter • 5 Feb 2008
House price indexes rose in all eight capital cities in the December quarter to a weighted average of 3.2 per cent,... READ MORE

Borrowers to save $4 billion in four years

by Staff Reporter • 5 Feb 2008
First home owners were granted a tax break by the federal cabinet this afternoon that is expected to see struggling... READ MORE
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