Treasury Secretary Says Australian Financial Services Highly Competitive

The Federal Treasury believes that the financial services industry in Australia remains highly competitive, despite the capturing of a large proportion of market share by major lenders in the aftermath of the financial crisis.

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RBA Says Major Australian Banks Profiting At Expense Of Customers

The Reserve Bank of Australia says that Australia’s major lenders are using higher funding costs as an excuse to profit at the expense of mortgage borrowers and businesses.

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Consumer Sentiment Rises As Australians Feel Increasingly Secure

Australians feeling increasingly secure in their jobs due to the rapid decline in unemployment rate over the last few months has helped them deal with the pain of tighter interest rates.

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Australian Car Loan Demand Still Well Below 2009 Levels

March 10, 2010 · Filed Under Australian Economy, Auto Loans, Business News, Car Loans, banking, loans · Comment 

Despite the recovery in car sales, Australian car loan demand has declined to below levels seen a year ago, and the up-tick in sales is painting a false picture of recovery.

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Mortgage Choice Plans Assault On Mortgage Lending Market

March 8, 2010 · Filed Under Business News, Company News, banking, home loans, mortgages · Comment 

The largest independent mortgage broker in Australia says it intends to launch an assault on the $1 trillion home loan market.

Michael Russell, chief executive of mortgage broker Mortgage Choice says the company is looking at various options for funding that would enable the broker to create a host of home loan products “that are every bit as competitive as the best of the products we have on our panel”.

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Westpac And NAB Lift Rates In Line With RBA

March 4, 2010 · Filed Under Business News, banking, home loans, interest rates, mortgages · Comment 

Following the lead first set by rivals  CBA and ANZ, on Wednesday Australian banking majors Westpac and NAB matched the central bank interest rate hike of 25 basis points.

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Interest Rate Increases Could Threaten Economic Recovery

A string of consecutive rapid interest rate increases could jeopardize economic recovery in Australia and result in job losses Australian businesses have warned, after the Australian central bank announced an increase in official interest rates to 4 per cent on Tuesday.

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Three Tips When Shopping For A Personal Loan

When used properly, personal loans are a great way to meet any funding shortfall that you may have. That is to say, forget about using them to pay for holidays or whatnot.

Funding luxuries are not the best way to use a personal loan. But if you have a genuine need to borrow $10,000, or an amount that a credit card is just not going to cover, then a personal loan is the product for you.

Here are three tips when shopping for a personal loan

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Australian Housing Increasingly Unaffordable

According to the results of a survey conducted by the Housing Industry Association (HIA) and Commonwealth Bank of Australia. Housing has become increasingly unaffordable, as the effects of three consecutive rate hikes, and the rolling back of first home buyers grant have begun to take effect.

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RBA Governor Says Home Owners Should Brace For Further Interest Rate Increases

Reserve Bank of Australia (RBA) governor Glenn Stevens says that Australian mortgage holders should brace themselves for further interest rate increases during the year, although the pace of increases will be largely moderated by the way retail lenders react.

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