Banking News

Melbourne auctions booming
Tuesday June 30
The auction clearance rate improved in Sydney this week, but on the back of low numbers of properties put up for auction.

Property sales hit new records
Tuesday June 30
A record 5,834 properties have been sold so far in Victoria during the month of June, setting a new all time record according to the real Estate Institute of Victoria.

New consumer laws good for lenders
Tuesday June 30
Lenders are breathing a sigh of relief after learning last week that they will have until January 2011 to meet the responsible lending provisions under new national consumer credit law.

No mortgage worries at NAB
Tuesday June 30
Ninety per cent of NAB mortgage customers are ahead on their mortgage repayments said chief executive Cameron Clyne yesterday.

Last chance to claim your $1,500
Tuesday June 30
Low income earners have two days to take advantage of the (up to) 150 per cent superannuation co-contribution scheme that will end for forever on the 30 June 2009.

Tax cuts are here
Tuesday June 30
Tax cuts coming next financial year are worth up to $2,150 to high income earners with salaries of $180,000.

ACCC takes on Cabcharge empire
Tuesday June 30
Cabcharge’s ten per cent payment surcharge for card payments made in taxis is under threat.

No grocery choice site
Tuesday June 30
The Grocery Choice website will no longer proceed. The joint venture between the federal government and consumer group Choice has been canned by the government just days before its go live date this Wednesday.

BoQ hits back over storm of criticism
Tuesday June 30
Bank of Queensland disclosed yesterday that it had aggregate loans of $105 million to 319 clients with links to Storm Financial, the failed financial planning group that is producing material loan losses for Commonwealth Bank.

Sisters show no charity
Tuesday June 30
The Supreme Court of Victoria has slammed a Catholic order - Sisters of the Good Shepherd – for deliberately and recklessly selling a family home to recoup debts.

Other News

• Brokers welcome credit laws Sunday June 28, 10:35 PM
• One million Aussies to seek charity Sunday June 28, 10:35 PM
• Millionaires doing it tough Sunday June 28, 10:35 PM
• BoQ faces storm of complaints Sunday June 28, 10:35 PM
• Commbank biz lending in freefall Sunday June 28, 10:35 PM
• Aussie says we'll insure you Sunday June 28, 10:35 PM
• BoQ attracting deposits and legal action Sunday June 28, 10:35 PM
• CBA sets up mediation for Storm clients Sunday June 28, 10:35 PM
• Responsible Lending? Not yet. Thursday June 25, 10:35 PM
• As good as it gets for SME lending Thursday June 25, 10:35 PM