Breaking news

  • Housing confidence slumps in NSW, Vic by BN

    Property confidence is down in Australia’s biggest states as investors look to resource-rich areas in 2012.

  • Government policy keeping a lid on rates by BN

    Many questioned the Labor government's decision in October to offer lenders the safety of Australia's credit rating but a new report suggests interest rates could be much higher if it had decided against allowing banks to sell covered bonds.

  • RBA to cut rates in February: St. George by BN

    St. George expects uncertainty in Europe to prompt the Reserve Bank to deliver borrowers a 0.25% rate cut when it meets next in early February bringing the cash rate firmly into expansionary territory at 4%.

  • More cuts needed to boost home sales by BN

    A surge in new home sales after the Reserve Bank's November rate cut shows that more cuts are needed to support the fragile housing market, the HIA says.

  • Smaller lenders attract refi business by BN

    Lenders outside the four majors accounted for almost a quarter of all loans written by AFG brokers in December driven largely by a surge in popularity amongst borrowers refinancing their existing mortgages.

  • Strict credit criteria to remain in place in 2012 by BN

    While lenders and mortgage insurers are looking for ways to boost a sluggish housing market, a relaxation in lending rules is not likely.