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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...READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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.
READ MORE
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... READ MORE
Homeloans profit announced amid tough market conditions
by Staff Reporter • 26 Feb 2009
Homeloans Ltd has reported a net profit after tax for the half year ending 31 December 2008 of 2.61 million – up... READ MORE
Hands off Wizard franchisees: Aussie
by Staff Reporter • 25 Feb 2009
Brokerage groups have been warned to lay off Wizard franchisees as completion of the Aussie acquisition of the group... READ MORE
Glimmer of hope for US recovery
by Staff Reporter • 25 Feb 2009
In a small ray of light for the global economy, the US Federal Reserve says the domestic economy could start to... READ MORE
Funds availability stalls housing construction
by Staff Reporter • 25 Feb 2009
Soft sales and credit rationing have put an estimated 34,000 new homes on hold, the Housing Industry Association (HIA)... READ MORE
FHOG pick-up rate continues to soar
by Staff Reporter • 25 Feb 2009
First home buyers are jumping at the chance to enter the property market with official figures showing nearly 30,000... READ MORE
Drop in business investment to reign in growth
by Staff Reporter • 25 Feb 2009
The shortage of both debt and equity funding will be disastrous for business investment in the year ahead, BIS... READ MORE
CBA buys Wizard mortgages, delivers rate relief
by Staff Reporter • 24 Feb 2009
The Commonwealth Bank today confirmed that it will acquire $2.25 billion worth of Wizard mortgages from GE Money on... READ MORE
Suncorp profit takes a hit
by Staff Reporter • 24 Feb 2009
Bad debts and spiralling insurance claims due to recent severe weather have hit Suncorp with the bank today revealing... READ MORE
Smartline, Mortgage Force merger announced
by Staff Reporter • 24 Feb 2009
Smartline and Mortgage Force today announced plans to merge the two entities in a deal that will create a broking... READ MORE
Government may take big chunk in Citigroup
by Staff Reporter • 24 Feb 2009
The US government may increase its ownership in Citigroup to up to 40 per cent in a bid to keep the troubled lender... READ MORE
Healthy profit recorded for Wide Bay
by Staff Reporter • 24 Feb 2009
Wide Bay Australia yesterday announced a $9.585 million profit for the last six months, an increase of 16.5 per cent... READ MORE
Fresh start for housing industry predicted: HIA
by Staff Reporter • 24 Feb 2009
Despite current weak economic conditions and slow housing starts, the Housing Industry Association (HIA) is confident... READ MORE
Smaller-end industrial property activity to pick up
by Staff Reporter • 23 Feb 2009
Brokers operating in the commercial sphere could see increased interest from borrowers in industrial property.
READ MORE
UK push to ban 100 per cent mortgages
by Staff Reporter • 23 Feb 2009
The days of 100 per cent mortgages could be numbered with British prime minister Gordon Brown seeking to have the... READ MORE
Buoyant auction results in Sydney and Melbourne
by Staff Reporter • 23 Feb 2009
Home buyers keen to take advantage of falling interest rates took to the market on the weekend producing solid auction... READ MORE
CBA tightens FHB deposit rules
by Staff Reporter • 23 Feb 2009
First home buyers will need to contribute at least 3 per cent of the purchase price in their own money – on top... READ MORE
Buyers turn to CBD properties
by Staff Reporter • 20 Feb 2009
Economic uncertainty is pushing buyers towards properties in close proximity to CBDs where values remain safe because... READ MORE
Small businesses struggle, expect worse
by Staff Reporter • 20 Feb 2009
A NAB survey released yesterday confirmed small businesses are doing it tough and expect 2009 to only get... READ MORE
Tough outlook for building societies
by Staff Reporter • 20 Feb 2009
A new report on building societies has labelled the sector’s outlook negative.
READ MORE
GE sparks loan book run-off
by Staff Reporter • 20 Feb 2009
After failing to pass on the bulk of the RBA’s recent rate cuts to borrowers GE Money will offer a fee waiver... READ MORE
New AFM commission structure revealed
by Staff Reporter • 20 Feb 2009
Australian First Mortgage (AFM) yesterday announced a new initiative to offer brokers a choice on how their... READ MORE
Full rate cut pass-on may not benefit brokers
by Staff Reporter • 19 Feb 2009
Warnings that the major banks may not pass on future rate cuts in full have been met with criticism from all quarters... READ MORE
Consumers spending, but not enough
by Staff Reporter • 19 Feb 2009
Consumer retail spending continued to grow in the December quarter albeit at a lower rate than expected.
READ MORE
Leading Index points to recession
by Staff Reporter • 19 Feb 2009
The latest Westpac-Melbourne Institute Leading Index of economic activity has recorded a further disintegration and... READ MORE
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