Australia Economy: Why Some Retailers Are Doing It Tough
Two significant speeches from senior Reserve Bank officials in the past day or so have added to the arguments and view the central bank has about the current state and direction of the Australian economy, which appeared in this week's minutes of the September 6 RBA board meeting.
Housing Stocks Up 22%
Housing stock on the market has climbed 22% since last year, SQM Research has revealed.
ASIC Examines Australian Consumer Drive
ASIC has questioned consumer group Choice's role in a mortgage lending campaign, it has been reported.
FHBs Now Need More Years to Save and Own a Home
New research has indicated it now takes the average couple more than four years to save a deposit for their first home.
Borrowers Warned: Be Careful Chasing Discounts
A broker has warned borrowers to be wary of chasing cheap fixed rates amid a wave of discounting that proliferate in the industry.
HIA Seeks RBA Rate Cuts to Bolster Growth
Members of Australia's largest organization of residential builders--the Housing Industry Association--had sought the Reserve Bank's policy intervention to slash down benchmark lending rates to spur consumer confidence to spend more and allow more room for the industry to grow.
Australia Aggregators Locking Out Lenders?
Aggregators in Australia had been criticised for being too slow to update their lending panels to the dismay of brokers and clients.
Brokers, Lenders Advised: Outsource to Reduce Huge Overheads
Brokers should look to outsource as operating costs become more difficult, Vow Financial has said.
Banks eroding lending standards: LJ Hooker
Fierce mortgage competition between the majors is seeing credit standards eroded, a lender has claimed.
SEQUAL standards to become law
New legislation for the reverse mortgage industry would enshrine in law many standards already applied by the industry body.
Consumers fail to see refi benefits
While refinancing is on the rise, many consumers are failing to see benefits from it, the MFAA has claimed.
Australians expect property declines
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
Consumer caution trumps inflation
The Reserve Bank has left the official cash rate on hold, but has expressed concern over rising inflation.
Disclosure 'surprise' catches lenders
Lenders may be caught out by a technicality in the freshly drafted disclosure regime, requiring them to publish mortgage manager rates.
Choice furore 'storm in a teacup'
The furore over consumer group Choice's mortgage switching campaign may be a "storm in a teacup" according to one broker.
'Headwinds' should keep RBA at bay
The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
Broker outrage at Firstfolio fee
Brokers have expressed outrage at a recent move by Firstfolio to impose a fee on non-performing originators.
House decline could bottom out
In January we saw Aussie home values fall by 1.2% which was the weakest monthly result on record. Over the March quarter home values were down 1.8%. Since that time we have seen the rate of decline slow along with an improvement in our leading indicators, like vendor discounting and time-on-market.
Heavey to leave segmentation legacy
St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's rebadged Bank of Melbourne brand in Victoria.
Steven Heavey to Leave St. George
St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's re-organised Bank of Melbourne brand in Victoria.
Further Declines Seen For Australia's House Prices
Median house prices have seen their fourth consecutive drop in the June quarter.
Housing 'severely unaffordable' despite declines
Housing in Australia has become "severely unaffordable", and it will take 10 years of flat-lined prices to rectify, a study has found.
Real Estate Industry Seeks Further Reprieve From High Cash Rates
Yesterday's higher-than-expected inflation figures have prompted a flurry of pleas from the housing industry to leave rates untouched.
Five days to become MPA Top Commercial Broker
There are only 5 days left to enter MPA?s prestigious Top Commercial Brokers list, recognising the top-performing advisers in the non-residential space.
Inflation above expectations, but RBA may hold steady
Inflation has seen a slightly higher-than-expected rise, though it still may not be enough to prompt an RBA move next week.
Industry must not 'cannibalise' itself: Brown
The mortgage broking industry must attract new entrants or risk cannibalising itself, Vow CEO Tim Brown has commented.
Mortgage Choice adds vehicle finance
Mortgage Choice has launched a white-labelled vehicle loan, available to all its mortgage brokers.
Melbourne's historic Royal Exhibition Buildings
There's nothing like the history that oozes from the walls of the Royal Exhibition Buildings, a short stroll from the Melbourne CBD.
World Market Overview 04/28/2011
The Australian share market closed lower amid concerns about a tough upcoming federal budget, strong local dollar and possible interest rate rises sparked by higher inflation figures.
World Market Overview 04/19/2011
The Australian share market shrugged off negative sentiment in early trading on Monday, to close slightly higher as the big banks made up for softness in the resources sector. At the close, the benchmark S&P/ASX200 index had risen 9.8 points, or 0.2 per cent, to 4861.9 points, while the broader All Ordinaries index had gained 6.1 points, or 0.12 per cent, to 4945.4 points.