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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 tougher. READ MORE
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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
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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
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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
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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
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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
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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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A license to print money
by Staff Reporter • 19 Feb 2009
The Bank of England (BoE) is set to start “printing money” as it struggles to get a grip on the... READ MORE
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Fixed interest products to make return
by Staff Reporter • 19 Feb 2009
With the cash rate nearing the bottom of its cycle brokers can expect an upswing in fixed rate product enquiries. READ MORE
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Westpac earnings slip
by Staff Reporter • 18 Feb 2009
Westpac’s profit dipped in the December quarter as a result of challenging market conditions, the bank revealed... READ MORE
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Property market to turn corner
by Staff Reporter • 18 Feb 2009
Australian capital city property markets are now either at or near the bottom of their correction phase and brokers... READ MORE
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Wage expectations modest
by Staff Reporter • 18 Feb 2009
Australians expect the weaker economy to limit wage growth over the coming year, Melbourne Institute research revealed... READ MORE
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More major rate cuts unlikely: RBA
by Staff Reporter • 18 Feb 2009
The government’s $42 billion stimulus package and the Reserve Bank’s substantial easing of monetary policy... READ MORE