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Breaking News
Home loan arrears on the rise
by Staff Reporter • 5 Mar 2009
Australian delinquencies reached record highs in the fourth quarter of 2008, two reports revealed this week.
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Borrowers drive down debt
by Staff Reporter • 5 Mar 2009
Economic uncertainty is spurring increasingly prudent behaviour among borrowers as they focus on debt reduction.
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Sydney property hotspots revealed
by Staff Reporter • 4 Mar 2009
The inner west and northern suburbs of Sydney have been flagged by PRD Nationwide as home to the city’s property...
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Business lending charges to increase
by Staff Reporter • 4 Mar 2009
The big banks look set to claw back profit lost on low rate home loans through higher lending charges for business...
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RBA rate freeze meets broker approval
by Staff Reporter • 4 Mar 2009
The Reserve Bank’s decision to leave the cash rate unchanged has been welcomed by brokers and there are now...
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Retail spending surprisingly strong
by Staff Reporter • 4 Mar 2009
Australians spent a record $19.2 billion in January, indicating that the government’s $10.4 billion stimulus...
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Borrowers doing it easier: Fujitsu
by Staff Reporter • 4 Mar 2009
The Fujitsu Mortgage Stress-O-Meter yesterday confirmed that mortgage stress is on the decline.
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American insurer reports biggest loss in history
by Staff Reporter • 3 Mar 2009
Part nationalised American insurance giant AIG yesterday reported a net loss for 2008 of US$99.3 billion (A$158...
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Big banks cop ratings outlook downgrade
by Staff Reporter • 3 Mar 2009
Australia’s leading banks have so far endured the financial crisis but the sector was dealt a blow yesterday...
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Case for rate cut strengthens as companies tighten belts
by Staff Reporter • 3 Mar 2009
The Rudd government yesterday warned that Australia is not immune from the global economic slowdown after new data...
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New home demand soars
by Staff Reporter • 3 Mar 2009
New home sales surged in January as first home buyers jumped to take advantage of the tripled first home owner grant.
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Smartline franchisee takes top gong at industry awards
by Staff Reporter • 2 Mar 2009
Smartline Blackwood has been recognised as a leading mortgage business at Australia’s mortgage and finance...
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US recession deepens
by Staff Reporter • 2 Mar 2009
The United States economy has taken a dramatic turn for the worse, with newly released GDP figures revealing a much...
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Bottom-end to spark property market recovery
by Staff Reporter • 2 Mar 2009
While most brokers feel the property market has some way to go before picking up experts say 40 year low interest...
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Bluestone reveals 157pc profit increase
by Staff Reporter • 2 Mar 2009
The Bluestone Group has posted a solid unaudited profit for the six months to December 31 2008 of $5.4 million.
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Sydney and Melbourne auctions strong
by Staff Reporter • 2 Mar 2009
Sydney and Melbourne continued to lead the nation’s auction activity over the weekend, data from Australian...
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Australian businesses in better than expected shape
by Staff Reporter • 27 Feb 2009
Better than expected business investment in the December quarter offered some good news yesterday for the weak...
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Increased buyer activity eases rental market pressure
by Staff Reporter • 27 Feb 2009
An improvement in the rental vacancy rate in Australia’s tightest rental market – Sydney – signals...
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Lower end property demand climbs
by Staff Reporter • 27 Feb 2009
A rise in first home buyer activity has triggered an upswing in sales of affordable, lower priced housing, data from...
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Brokers back CBA's first home buyer enforced savings
by Staff Reporter • 27 Feb 2009
The Commonwealth Bank’s move to make first home buyers contribute a self-funded deposit of 3 per cent towards...
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ANZ warns consumer defaults will rise
by Staff Reporter • 27 Feb 2009
ANZ has become the first major Australian bank to cut its dividend and has warned Australia is about to move into a...
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Colton departure no impact on BankWest broker commitment
by Staff Reporter • 26 Feb 2009
BankWest will remain committed to the third-party distribution channel despite the loss of its key broker sales...
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Strong volumes to prompt LJ Hooker expansion
by Staff Reporter • 26 Feb 2009
LJ Hooker Financial Services will look to recruit an additional 100 brokers in 2009 as lending volumes outstrip its...
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Challenging period ahead for credit unions
by Staff Reporter • 26 Feb 2009
A new report from Moody’s Investors Service says the credit outlook for credit unions is negative.
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Profit slips but broker outlook bright: Mortgage Choice
by Staff Reporter • 26 Feb 2009
Listed broking franchise group Mortgage Choice reported a fall in net profit yesterday but is optimistic about the...
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