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Monopolised aggregation industry a danger
by Staff Reporter • 5 Jun 2008
Consolidation across the industry may be imminent but association heads have voiced concerns over a monopolised...READ MORE
BankWest quashes HBOS funding rumours
by Staff Reporter • 4 Jun 2008
BankWest has denied rumours its east coast expansion is under threat because of funding pressures on its parent... READ MORE
Queensland budget delivers measures to improve affordability
by Staff Reporter • 4 Jun 2008
The New South Wales budget failed to provide any direct measures to assist home buyers yesterday, but in Queensland... READ MORE
Building approvals up but no real recovery ahead
by Staff Reporter • 4 Jun 2008
Building approvals picked up significantly in April, data from the ABS showed yesterday.
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Interest rates remain on hold
by Staff Reporter • 4 Jun 2008
The RBA left interest rates unchanged today at 7.25 per cent as opposing forces once again left considerable... READ MORE
BankWest sale rumoured
by Staff Reporter • 3 Jun 2008
BankWest could be up for sale as rumour circulates that its parent company HBOS is coming under severe cost... READ MORE
RAMS franchisees take Westpac to the ACCC
by Staff Reporter • 3 Jun 2008
More than a third of RAMS Home Loan's 60 franchisees are headed for mediation with Westpac this week with claims... READ MORE
American housing markets suffer price declines
by Staff Reporter • 3 Jun 2008
Eighty four per cent of America’s housing markets suffered price declines over the first quarter of 2008, data... READ MORE
National property values stagnate
by Staff Reporter • 3 Jun 2008
April property figures from RP Data have confirmed the nation’s property markets are softening.
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New home sales flat and likely to remain so
by Staff Reporter • 3 Jun 2008
New home sales recorded a 0.1 per cent rise in April, Housing Institute of Australia (HIA) figures revealed... READ MORE
Mixed response to NAB?s commission changes
by Staff Reporter • 2 Jun 2008
NAB’s Thursday announcement of restructured broker commissions has been met with cautious approval from the... READ MORE
Private sector credit slows in April
by Staff Reporter • 2 Jun 2008
Total credit provided to the private sector by financial intermediaries rose by a small 0.4 per cent in April, Reserve... READ MORE
Sluggish weekend for auctions
by Staff Reporter • 2 Jun 2008
Housing markets remain subdued, auction clearance rates for the weekend have revealed.
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IMB winds back third-party distribution of residential loans
by Staff Reporter • 2 Jun 2008
IMB Banking and Financial Services (IMB) has announced the withdrawal of its residential loan products from the broker... READ MORE
Delinquencies no threat to capital markets
by Staff Reporter • 2 Jun 2008
Rising delinquencies are insignificant to any recovery in capital markets, according to Fitch Ratings’ Ben... READ MORE
Mortgage stress low overall but high in certain postcodes
by Staff Reporter • 30 May 2008
Mortgage stress is low on a national basis in Australia but rife in certain regions and postcodes, according to Fitch... READ MORE
UK house prices suffer May slide
by Staff Reporter • 30 May 2008
UK house prices dropped by a considerable 2.5 per cent in May – the largest monthly fall in the history of... READ MORE
NAB announces new commissions structure
by Staff Reporter • 30 May 2008
NAB Broker unveiled a new stepped trail commission structure this afternoon.
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Opportunity beckons for property investors
by Staff Reporter • 29 May 2008
It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels... READ MORE
Three Australian cities rank in 50 most expensive global office...
by Staff Reporter • 29 May 2008
Rent increases have pushed three Australian cities into the rankings of the world’s 50 most expensive office... READ MORE
Residential construction increase masks negative trend: MBA
by Staff Reporter • 29 May 2008
Residential building activity increased slightly in the March quarter by 0.3 per cent, seasonally adjusted, to reach... READ MORE
Almost 40pc of income needed to cover mortgage payments
by Staff Reporter • 29 May 2008
The proportion of household income required to meet average home loan repayments rose to 38 per cent in the March... READ MORE
Two additional rate rises to come: ANZ
by Staff Reporter • 29 May 2008
The official cash rate will reach 7.75 per cent by the end of the year, according to ANZ.
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St George extends electronic lodgement deadline by one month
by Staff Reporter • 29 May 2008
St George has given brokers an extra month’s grace on its electronic lodgement requirements, pushing the... READ MORE
Brokers divided on cross selling
by Staff Reporter • 28 May 2008
Cross selling may meet resistance from the broking industry despite commission reductions.
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Worsening picture for loan arrears revealed
by Staff Reporter • 28 May 2008
Prime mortgage arrears rose by four basis points to 1.28 per cent in February, according to Standard &... READ MORE
Wizard sale no impact on third-party business: GE Money
by Staff Reporter • 28 May 2008
The sale of Wizard Home Loans will not affect GE Money’s third party business, according to a statement issued... READ MORE
Fixed-rate loans keep private business on track
by Staff Reporter • 28 May 2008
Australian businesses are feeling the effects of the credit crunch but remain confident in their future.
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St George and Westpac step closer to merger
by Staff Reporter • 28 May 2008
St George and Westpac have announced that they have signed a Merger Implementation Agreement (MIA) to form what would... READ MORE
Fixed-rates lose their appeal with consumers
by Staff Reporter • 27 May 2008
Demand for fixed-rate mortgages contracted significantly in April, Mortgage Choice housing loan approval data released... READ MORE
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