Australian Mortgage Bond Sales to Recover Next 12 to 18 Months
Australia's slumping mortgage-backed bond market will recover over the next 12 to 18 months as sellers of securities customize deals to attract investors.
Non-banks: The pendulum swings?
While current industry sentiment suggests non-banks are struggling, findings of listed player, Homeloans Ltd's latest broker survey indicates the balance may have started to shift.
Australia new home sales rose in June
Sales of new homes in Australia rose in June, partly making up for weakness in prior months, a Housing Industry Association (HIA) survey showed on Monday.
National Australia Bank says its US woes over
National Australia Bank chief executive John Stewart expects the US economic woes to worsen.
Down but not out: Australia not likely to follow NZ
World investors are pessimistic about the prospects for the Australian economy, taking a view that it is likely to follow New Zealand into recession.
BankWest cuts mortgage brokers out of home loan loop
BankWest has pulled its discounted Rate Tracker home loan from the broker market, amid continued pressure on the banking industry's wholesale funding costs.