The Reserve Bank of Australia (RBA) has made changes to its senior banker line-up, with Philip Lowe to take up the position of chief economic advisor to the governor and the bank’s board.
Dr Lowe, who has been assistant governor of financial system for five years and overseen major development in the bank’s work on financial […]

There is growing dissatisfaction with the cost of doing business with Australia’s commercial banks, a survey says.
The dissatisfaction is particularly acute after most banks declined to pass on in full interest rate cuts from the Reserve Bank of Australia (RBA).
The survey, from banking research and advisory company East & Partners, measured how businesses ranked their […]

Official interest rates have fallen to the lowest levels in decades and are expected to keep going in the same direction in 2009, as the Reserve Bank of Australia (RBA) tries to protect the nation from recession.
The 2008 year will go down as the year of the RBA’s big U-turn on monetary policy, when rates […]

With credit beginning to show signs of thawing and the Fed taking unprecedented action in helping to fight falling home prices and an unstoppable rise in foreclosures, experts and regular consumers alike have been looking (and hoping) for a bottom to show up somewhere along the line. So far, it doesn’t appear we’ve seen it.

Housing […]

LJ Hooker Financial Services has recorded a 32 per cent growth from loans originated from the group’s network of real estate agents in November 2008, as compared to the value of loans written in July this year.
Peter Bromley, General Manager of LJ Hooker Financial Services, said these growth figures reiterate the synergies between real estate […]