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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

Brokers unjustly carry burden of credit crunch: FBAA

by Staff Reporter • 26 May 2008
The FBAA has criticised the banks’ decision to cut commissions, stating that brokers are being unjustly targeted... READ MORE

BankWest cuts 42 broker groups

by Staff Reporter • 26 May 2008
BankWest will reduce its distribution to just 17 brokerages and will break ties with all other groups within 28... READ MORE

Bouris to buy back Wizard

by Staff Reporter • 26 May 2008
Wizard Home Loans’ founder Mark Bouris will seek to regain control of the lender just four years after selling... READ MORE

First quarter slide for housing markets

by Staff Reporter • 26 May 2008
House prices softened considerably during the first quarter of the year, data released by the Real Estate Institute of... READ MORE

GMAC-RFC confirms $302 million non-conforming RMBS

by Staff Reporter • 24 May 2008
GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal... READ MORE

US home prices fall significantly in Q1

by Staff Reporter • 24 May 2008
US home prices suffered the largest quarterly decline in record in the first quarter of 2008, according to the Office... READ MORE

Budget fails to ease consumers? inflationary expectations

by Staff Reporter • 23 May 2008
The Federal Government’s budget has offered little hope to consumers to combat inflation, according to the... READ MORE

Borrowers apprehensive about refinancing

by Staff Reporter • 22 May 2008
Many Australian homebuyers want to refinance their home loans but a high level of apathy could be holding them back,... READ MORE

Suncorp securitises $2.6 billion of home loans

by Staff Reporter • 22 May 2008

Suncorp securitised $2.6 billion in residential mortgages last Thursday, 15 May.

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Banks benefit as businesses seek local financing

by Staff Reporter • 22 May 2008
With international funding markets still dry, Australian businesses are increasingly looking to local banks to finance... READ MORE
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