Tag: Consumer Finance
Investors back in SA housing market
The Housing Industry Association says investors are back in the SA housing market.[MORE]
Woolworths banks higher half-year profit
The supermarket giant Woolworths has reported an 11.4 per cent rise in its first-half net profit and said it would seek to further increase its capital with a $400 million share buy-back.[MORE]
Euro council defends 'plastic' payments
The Eurobodalla Shire Council on the New South Wales far south coast has defended its proposal to introduce a credit card fee for the payment of rates and charges.[MORE]
Westpac profit surges thanks to financial crisis carnage
Westpac's $1.6 billion first-quarter profit is more evidence that Australia's big banks have done rather nicely from the global financial crisis.[MORE]
Westpac rakes in $1.6b profit in 3 months
Westpac has reported first-quarter earnings of $1.6 billion, on the back of falling bad debts and rising market share.[MORE]
Credit card spending up
A record $21.1 billion worth of purchases was put on credit cards in December.[MORE]
Rate rise expectation sparks caution
The Illawarra Regional Information Service (IRIS) says the expectation that interest rates will go up is enough to take the edge off a recovering economy in Illawarra.[MORE]
Smaller banks fear end of guarantee
The Bank of Queensland is warning that removing the Government guarantee will undermine the smaller banks' ability to compete.[MORE]
Fuel retailers lash out at unfair price claims
A national petrol retailers' group has hit back at claims that Hunter motorists are being unfairly overcharged for petrol.[MORE]
Borrowers not off the hook, experts warn
Homeowners are welcoming RBA's decision to keep rates on hold, but experts warn mortgage pain is not far away.[MORE]
Regulation driving banks bananas
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As banks begin to recover, courtesy of bailouts, many are complaining about political interference from their rescuers.[MORE]
Fill up fast while petrol is cheap, expert says
An economist says motorists should be quick if they want to take advantage of the biggest weekly slide in petrol prices for seven months.[MORE]
Home loans keep driving credit rise
Loans to the private sector grew by 0.3 per cent in December, but business borrowing continued to fall.[MORE]
Australians turn to credit to stay afloat
There is growing evidence that many Australians are going into deeper credit card debt just to cover day-to-day expenses.[MORE]
Many Qld residents worry about expenses
A new survey has found Bundaberg residents have the highest rate of people in Queensland concerned about meeting weekly expenses.[MORE]
Govt considers financial services tax changes
The Federal Government will consider simplifying tax laws for foreign investors to boost Australia's financial services sector.[MORE]
Business lending bounce an 'encouraging sign'
Economists say there are good grounds for anticipating a sustainable economic recovery, after a jump in business borrowing.[MORE]
Opes Prime directors face 20 years jail
Three former directors of Opes Prime are facing the possibility of lengthy jail terms after being charged by ASIC.[MORE]
ASIC charges Opes Prime directors
The corporate regulator has launched criminal proceedings against the directors of Opes Prime for allegedly breaching their duties.[MORE]
Business borrowing keeps sliding, house prices keep surging
Official figures released by the Reserve Bank show the level of borrowing by businesses continues to slide, while the value of home loans surges.[MORE]
Big bank dominance to continue in 2010
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Australia's major banks are set to grow their profitability in 2010 due to declining bad debts and increasing market dominance.[MORE]
Agencies prepare for new year debt hangover
A peak welfare body says it is expecting demand for financial assistance to surge after the Christmas period.[MORE]
Australians rack up record debt
Australian households are in record levels of debt and for the first time have surpassed American levels. [MORE]
Tight Christmas spend in Tas
Tasmanian retailers are reporting a slump in Christmas sales this year.[MORE]
ASIC moves to unlock frozen investments
The corporate regulator is taking steps to unlock investments that have been frozen since the height of the global financial crisis.[MORE]
