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Mortgage growth stalls
- June 1, 2010
- Posted by: admin
- Category: Finance News
No CommentsRising home loan interest rates look as though they are finally taking their toll on home buyers, as demand for mortgages grinds to halt. According to the latest data from the Australian Prudential Regulation Authority (APRA), the value of owner occupied housing loans held by the banks and other lenders grew by just 0.3 per
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ANZ boosts home loan market share
- April 6, 2010
- Posted by: admin
- Category: Finance News
ANZ is challenging Westpac’s and CBA’s stranglehold over the home loan mortgage market, by boosting its lending to homebuyers. According to recent data from the Australian Prudential Regulation Authority, ANZ was the fastest growing major in February, expanding its business by $1.54 billion. While Westpac and CBA still accounted for more than 56 per cent
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Westpac increases fixed rates
- January 13, 2010
- Posted by: admin
- Category: Finance News
Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as 0.25 per cent. Westpac senior media relations manager Jane Counsel told Mortgage Business that higher funding costs and market rate movement had forced the bank to lift its rates. “We are moving in line with the
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Banks warn of higher funding costs
- January 12, 2010
- Posted by: admin
- Category: Finance News
New regulatory requirements and intensifying competition may drive up funding costs for the big banks in the year ahead. Treasurers of the big four told The Australian Financial Review that while pricing in global markets had eased, the banks still faced challenges in meeting an estimated $140 billion of funding requirements. Under the new regulations