Bank of Melbourne opens 50th branch in Vic
Tuesday, February 28th, 2012Move comes as part of a five-year expansion plan. 27 Feb 2012 10:02 AM View full post on WBC | RSS Business News Feed | Business Spectator
Archive for February, 2012
Move comes as part of a five-year expansion plan. 27 Feb 2012 10:02 AM View full post on WBC | RSS Business News Feed | Business Spectator
Jobs remain heavily centralised within the capital cities
Monday, February 27th, 2012We have suggested several times on our research blog that, as a nation, Australia needs to see more geographic diversity in the labour market. A wider geographic distribution of full time employment opportunities would imply a lessening in demand pressures in capital city housing markets and an improvement in regional ...
CBA, Westpac, NAB downgraded by Fitch
Monday, February 27th, 2012Ratings agency cuts banks by one notch on funding. 24 Feb 2012 6:18 PM View full post on WBC | RSS Business News Feed | Business Spectator
Will the resources sector continue to ‘boom’?
Thursday, February 23rd, 2012Well, the experts certainly think so. If you have any interest in the resources sector, arguably the best source for information is the Bureau of Resources and Energy Economics (BREE). Their most recent forecast for the 2011/12 financial year is a 15% increase in the value of Australian energy minerals ...
Westpac CFO warns of dividend threat
Wednesday, February 22nd, 2012Dividends to be hit unless banks pass on funding costs. 16 Feb 2012 12:35 PM View full post on WBC | RSS Business News Feed | Business Spectator
THE DISTILLERY: Economic rationalising
Sunday, February 19th, 2012Jotters try to get a handle on exactly how the economy is travelling, with employment figures upturning earlier forecasts. 17 Feb 2012 6:35 AM View full post on WBC | RSS Business News Feed | Business Spectator
New mortgage commitments setting the scene for improved buying activity
Sunday, February 19th, 2012The number of housing finance commitments continued to improve in December, rising 8.7% over the quarter according to the seasonally adjusted series from the ABS released this week. The adjusted figures for December were the highest since March 2010; a strong sign that a degree of health is returning to ...
NSW govt urged to dump banks that sack staff,
Thursday, February 16th, 2012Oppn leader says govt shouldn't do business with them. 16 Feb 2012 2:52 PM View full post on WBC | RSS Business News Feed | Business Spectator
Finance approvals increase along with values in November…better times ahead?
Wednesday, February 15th, 2012The volume of housing finance commitments to owner occupiers increased for the eighth consecutive month in November, up 1.4% over the month and 4.6% over the year. Of course, from a housing market perspective it is important to separate owner occupier commitments for refinances and non-refinances. Refinances create business for ...
Swan renews call for home loan competition
Monday, February 13th, 2012Treasurer wants 'red-hot' competition in market. 13 Feb 2012 12:00 PM View full post on WBC | RSS Business News Feed | Business Spectator